Norway The Norwegian Krone (NOK) is the official currency of Norway, issued by Norges Bank. The Krone has been in use since 1875 when Norway joined the Scandinavian Monetary Union, which dissolved in the early 20th century. The Krone is a freely traded currency and is considered stable due to Norway’s strong economy, which is supported by petroleum exports, fisheries, and advanced industries. The Krone is subdivided into 100 øre, though øre coins are no longer in circulation. Norway does not use the Euro, despite being part of the European Economic Area (EEA).
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Last updated: Exchange rates here are informational, reflecting mid-market rates which fluctuate regularly. For an estimation of the rates offered by Instarem, please check our currency conversion calculator at the time of transfer.
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Disclaimer: All information in this article is provided for general knowledge and educational use only. It should not be considered legal, tax, or financial advice. We recommend contacting a licensed expert in your area for assistance with specific concerns.
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