--- title: "Exchange rate for the Norwegian krone (NOK)" url: https://www.ibani.com/en/currency-converter/currencies/nok-norwegian-krone lang: en date_modified: 2026-10-07 --- Currency · NOK · kr # Exchange rate for the Norwegian krone (NOK) The Norwegian krone is the currency of Norway and a so-called « petro » currency, whose value is often correlated with the price of Brent crude. Convert it at the **real interbank rate**, in real time, with a transparent margin from 0.40% to 0.15%. [Open my free account](https://www.ibani.com/en/app) See NOK rates **NOK**ISO code · kr **Norges Bank**Central bank **0.15%**Margin from ### Simulate your transfer No hidden fees — Live rate — Estimated annual saving — vs. a traditional bank Per monthly transfer · [Live rates](https://www.ibani.com/en/currency-converter) · [Pricing](https://www.ibani.com/en/rates) [Get started — It's free](https://www.ibani.com/en/app) [![App Store](https://www.ibani.com/images/appstore-badge-en.svg)](https://apps.apple.com/app/ibani-borderless-money/id1382598762)[![Google Play](https://www.ibani.com/images/google-play-badge-en.svg)](https://play.google.com/store/apps/details?id=com.ibani.mobile&hl=en) \* 100% digital sign-up in 5 minutes. Zero account opening or maintenance fees. **35'000+ clients**Individuals & businesses **CHF 1 Billion+**Exchanged since 2018 **Up to 10× cheaper**Than a traditional bank **4.7/5 · Excellent**On 2'000+ client reviews [![SO-FIT logo](https://www.ibani.com/images/sofit-light.svg) Affiliated with SO-FIT (SRO)\*](https://so-fit.ch/) The Norwegian krone at a glance ## The essentials on the Norwegian krone (NOK) The key facts about Norway's currency, and how to convert it at the fair rate. ### ISO code NOK, symbol kr The official currency of Norway, subdivided into 100 øre. It is commonly written « kr ». ### Managed by Norges Bank The central bank of Norway conducts monetary policy with an inflation target of 2%. ### A « petro » currency Considered a commodity currency: its short-term movements often follow the price of Brent crude. ### Exchange from 0.15% at ibani A sliding, transparent margin applied to the real rate, with no hidden fees. Our experts' analysis ## The krone, currency of an oil economy. The Norwegian krone (NOK) is the currency of a small open economy, highly integrated into international trade. As Norway is one of Europe's major hydrocarbon exporters, the krone is often described as a « petro » currency: its short-term movements frequently follow the price of Brent crude and commodity prices. This sensitivity to resources is partly tempered by the **Norwegian sovereign wealth fund**, one of the largest in the world, which invests oil revenues abroad and brings long-term stability. For Swiss players, the **NOK/CHF** pair reflects this balance between commodity exposure and fiscal prudence. NOK key facts ISO code**NOK · kr** Central bank**Norges Bank** Area of use**Norway** Type**Petro currency** Monetary policy ## Norges Bank's policy towards the krone Norges Bank, the central bank of Norway, is responsible for the country's monetary policy. Its main mandate is price stability, with an inflation target of 2% over the medium term, while supporting employment and balanced economic activity. To achieve this, Norges Bank uses several levers: ### The policy rate The main instrument (styringsrenten). Faced with post-pandemic inflation, Norges Bank raised it sharply, up to 4.5% at the end of 2023, before later starting an easing cycle. ### Currency conversions for the State Norges Bank carries out daily foreign exchange operations on behalf of the State, linked to sovereign wealth fund flows and budget financing, which can weigh on the krone. Norges Bank's decisions, combined with the price of oil and investors' risk appetite, shape the value of the krone against other currencies such as the Swiss franc and the euro. History of the Norwegian krone ## The key dates of its modern history 1990 ### Creation of the oil fund Norway establishes by law the Government Petroleum Fund, the future Government Pension Fund Global, intended to invest oil revenues abroad. 1992 ### Move to a floating rate On 10 December 1992, under market pressure, Norway abandons the peg of its currency and lets the krone float. 2001 ### Adoption of inflation targeting In March 2001, Norges Bank formally adopts an inflation-targeting regime combined with a floating exchange rate. 2018 ### Inflation target lowered to 2% The inflation target is brought down from 2.5% to 2%, aligning Norway with the major central banks. 2023 ### Monetary tightening To counter post-pandemic inflation, Norges Bank raises its policy rate to 4.5% in December, a high not seen in many years. Today's rates ## Our rates for the Norwegian krone (NOK) Indicative value for 1 unit, ibani margin included. Click a pair for its detail and history. Reference rate as of 7 October 2026; the rate applied is the one at the time of the order. | | [CHF](https://www.ibani.com/en/currency-converter/currencies/chf-swiss-franc) | [EUR](https://www.ibani.com/en/currency-converter/currencies/eur-euro) | | --- | --- | --- | | To NOK 1 | [11.4284CHF to NOK rate](https://www.ibani.com/en/currency-converter/chf-to-nok-rate) | [10.6499EUR to NOK rate](https://www.ibani.com/en/currency-converter/eur-to-nok-rate) | To the Norwegian krone (NOK) [CHF NOK](https://www.ibani.com/en/currency-converter/chf-to-nok-rate) [EUR NOK](https://www.ibani.com/en/currency-converter/eur-to-nok-rate) [See all our currencies →](https://www.ibani.com/en/currency-converter/currencies) News ## Latest analyses on currency exchange ### EUR/CHF Forecast October 2026: Euro Climbs Back to 0.9311 After Its Fall of 2 October As of October 5, 2026, EUR/CHF climbs back to 0.9311 (+0.3%) at the ECB reference rate, after losing 1.7% on 2 October. The yield spread between French and German government bonds, which rose above 150 points on 2 October, narrows to 141 points according to Reuters. [Read article](https://www.ibani.com/en/guides/chf-eur-exchange-rate-forecast) ### GBP/CHF Forecast: The Pound Falls Back Against the Franc After Its 2026 High (October 2026) As of 2 October 2026, the pound sterling is worth 1.0912 francs, down 1.3% on the session, two days after its high for the year at 1.1090. The Bank of England is holding its rate at 3.75%, but three of its nine members voted for a hike. [Read article](https://www.ibani.com/en/guides/chf-gbp-exchange-rate-forecast) ### USD/CHF Forecast (October 2026): The Dollar Falls Back to 0.8266 Franc As of October 2, 2026, the dollar is worth 0.8266 franc, down 1.0% from the previous day's reference rate, which marked its highest since May 2025. The US September jobs report, released afterwards, shows only 29,000 jobs created. [Read article](https://www.ibani.com/en/guides/chf-usd-exchange-rate-forecast) Frequently asked questions ## Frequently asked questions about the Norwegian krone (NOK) Always compare the rate offered with the real interbank (mid-market) rate. A specialised online exchange service like ibani starts from this real rate and adds only a transparent margin from 0.40% to 0.15%, with no hidden fees, whereas a bank often applies a much wider spread. Compare with our [rate comparison tool](https://www.ibani.com/en/compare-exchange-rates). The Norwegian krone is managed by Norges Bank, the central bank of Norway. It conducts the country's monetary policy with an inflation target of 2% over the medium term. Its policy rate decisions directly influence the value of the krone against other currencies. Norway is a major exporter of hydrocarbons: oil and gas make up a large share of its exports. The krone is therefore considered a « petro » currency (commodity currency), whose short-term movements are often correlated with the price of Brent crude. Over the longer term, the Norwegian sovereign wealth fund and a small open economy temper this sensitivity. You can convert the Norwegian krone (NOK) into Swiss franc (CHF) and euro (EUR), as well as other currencies such as the US dollar, pound sterling, Canadian dollar, Singapore dollar, Swedish krona, New Zealand dollar, Hong Kong dollar, Japanese yen and Turkish lira. ## Exchange your Norwegian krone at the fair market rate. Get a personal Swiss IBAN, convert the Norwegian krone at the real rate (+ margin from 0.15%) and transfer with no hidden fees. Opening an account is free, 100% digital and takes just 5 minutes. [OPEN A FREE ACCOUNT](https://www.ibani.com/en/app) [Back to the converter](https://www.ibani.com/en/currency-converter) ✓ Real interbank rate  ·  ✓ Margin from 0.15%  ·  ✓ Affiliated with SO-FIT (SRO) [![SO-FIT logo](https://www.ibani.com/images/sofit-light.svg)](https://so-fit.ch/) ## Swiss financial intermediary subject to the AMLA regulatory framework Your money is handled with the utmost regulatory rigour. ibani SA is a FinTech company established since 2018 in the heart of Geneva, Switzerland. We are a financial intermediary audited for our activity, with thousands of clients and currency exchange operations to our name. ibani SA is affiliated with [SO-FIT](https://so-fit.ch/) as a financial intermediary within the meaning of Article 2 para. 3 of the Anti-Money Laundering Act (AMLA). SO-FIT is a self-regulatory organisation recognised by the Swiss Financial Market Supervisory Authority ([FINMA](https://www.finma.ch/en/authorisation/self-regulatory-organisations-sros/)).