About the Euro to Norveç kronu exchange rate
The EUR/NOK pair shows how many Norveç kronu (NOK) one Euro (EUR) buys. Eulerpool publishes the live mid-market rate together with a converter, a one-year chart and conversion tables so you can value cash, invoices and investments in both currencies.
EUR/NOK is quoted as NOK per one EUR. At 10,827, 1 EUR equals 10,827 NOK and 1 NOK equals 0,0924 EUR. The inverse pair is NOK/EUR.
The rate moves with interest-rate differentials, inflation, growth and capital flows between the Euro and Norveç kronu areas. Treasury teams, investors and travelers use EUR/NOK to convert prices, hedge FX risk and compare returns.
How EUR/NOK is quoted
In EUR/NOK, EUR is the base currency and NOK is the quote currency: the price is how many Norveç kronu buy one Euro. A rise in EUR/NOK means Euro strengthened against Norveç kronu; a fall means Euro weakened.
What drives the Euro to Norveç kronu rate
The EUR/NOK rate mainly reflects the policy-rate gap, relative inflation, current-account balances and risk appetite between the Euro and Norveç kronu economies. CPI, employment, GDP surprises and central-bank decisions typically cause the largest daily moves.