---
title: "Convert euros into Norwegian kroner (EUR → NOK)"
url: https://www.ibani.com/en/currency-converter/eur-to-nok-rate
lang: en
date_modified: 2026-10-07
---

EUR → NOK · Real-time rate

# Convert euros into Norwegian kroner (EUR → NOK)

Change your euros (EUR) into Norwegian kroner (NOK) at the **real interbank rate**, in real time. Ideal for your payments and transfers to Norway, your travels and your purchases, with a margin from 0.40% to 0.15% and no hidden fees.

[Open my free account](https://www.ibani.com/en/app) Conversion tables

**EUR → NOK**Currency pair

**Real time**Market rate

**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)

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**CHF 1 Billion+**Exchanged since 2018

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EUR/NOK conversion in a nutshell

## Convert euros into Norwegian kroner, at the right rate

The essentials for changing your EUR into NOK with no nasty surprises on the rate or the fees.

### The real EUR/NOK rate

The interbank (mid-market) rate as the basis; the ibani margin, from 0.40% to 0.15% depending on the amount, is shown separately.

### A margin from 0.15%

Transparent and sliding, up to 10× cheaper than a bank. No hidden fees.

### Personal Swiss IBAN

Manage your euros and convert them into Norwegian kroner from an account in your name, at the real rate (+ margin from 0.15%).

### A reliable Swiss partner

ibani SA, founded in Geneva in 2018, a financial intermediary affiliated with SO-FIT, a self-regulatory organisation recognised by FINMA.

What you really pay

## EUR → NOK: ibani, bank or exchange office?

On an exchange of EUR 5'000 into Norwegian kroner, the margin applied to the rate makes all the difference to the amount received.

| Criterion | ibani | Bank | Exchange office |
| --- | --- | --- | --- |
| Starting rate | Real interbank | "In-house" rate | "In-house" rate |
| Exchange margin | 0.40% | ~1.5 to 2% | Often > 2% |
| Transfer fees | EUR 0 | Variable | — |
| Estimated cost on EUR 5'000\* | ~EUR 20 | ~EUR 85 | \> EUR 100 |
| 100% digital tracking | Yes | Partial | No |

\*Indicative orders of magnitude for an exchange of EUR 5'000 into NOK. See the details on our [Rates](https://www.ibani.com/en/rates) page.

Conversion tables

## How much is 1 EUR in NOK (and the reverse)?

Indicative amounts, ibani margin included, updated continuously.

Reference rate as of 7 October 2026; the rate applied is the one at the time of the order.

| [EUR](https://www.ibani.com/en/currency-converter/currencies/eur-euro) | [NOK](https://www.ibani.com/en/currency-converter/currencies/nok-norwegian-krone) |
| --- | --- |
| EUR 1 | 10.65 |
| EUR 5 | 53.25 |
| EUR 10 | 106.50 |
| EUR 50 | 532.50 |
| EUR 100 | 1'064.99 |
| EUR 500 | 5'324.96 |
| EUR 1'000 | 10'649.92 |
| EUR 5'000 | 53'249.58 |
| EUR 10'000 | 106'499.17 |
| EUR 50'000 | 532'763.15 |

| [NOK](https://www.ibani.com/en/currency-converter/currencies/nok-norwegian-krone) | [EUR](https://www.ibani.com/en/currency-converter/currencies/eur-euro) |
| --- | --- |
| NOK 1 | 0.09 |
| NOK 5 | 0.46 |
| NOK 10 | 0.93 |
| NOK 50 | 4.65 |
| NOK 100 | 9.30 |
| NOK 500 | 46.48 |
| NOK 1'000 | 92.96 |
| NOK 5'000 | 464.81 |
| NOK 10'000 | 929.62 |
| NOK 50'000 | 4'648.09 |

How to convert

## Your EUR changed into NOK, in 3 steps

### Create your ibani account for free

100% digital sign-up in 5 minutes, with no opening or account maintenance fees.

### Enter the beneficiary account in NOK

Provide the details of the destination account where you want to receive your converted kroner.

### Receive your kroner at the real rate

ibani converts your EUR into NOK at the market rate, plus a margin of 0.40% to 0.15% depending on the amount, and transfers the kroner to the account you chose.

Other pairs

## Convert other currencies

From the euro (EUR)

[EUR CHF](https://www.ibani.com/en/currency-converter/eur-to-chf-rate) [EUR USD](https://www.ibani.com/en/currency-converter/eur-to-usd-rate) [EUR GBP](https://www.ibani.com/en/currency-converter/eur-to-gbp-rate) [EUR CAD](https://www.ibani.com/en/currency-converter/eur-to-cad-rate) [EUR SGD](https://www.ibani.com/en/currency-converter/eur-to-sgd-rate)

Around the Norwegian krone (NOK)

[CHF NOK](https://www.ibani.com/en/currency-converter/chf-to-nok-rate)

[All our converters →](https://www.ibani.com/en/currency-converter)

Markets · updated 28 August 2026

## EUR/NOK: what has moved in recent months

The rate gap has narrowed: the ECB moved to 2.25% on 11 June, while Norges Bank has held 4.25% since 13 August without ruling out going further. The pair traded between 10.93 and 11.18 in the first half of August alone, before returning towards 10.97 at month-end.

EUR

### The ECB tightened in June, then waited

On 11 June 2026 the European Central Bank raised its deposit rate by 25 basis points to 2.25% — its first hike since 2023 — in response to an imported energy shock, taking the main refinancing rate to 2.40%. On 23 July it left all three rates unchanged without committing to a path. Euro area inflation came in at 2.9% in July after 2.8% in June, and August PMIs moved clearly back into expansion (composite at 52.1). Rate markets price a further hike on 10 September at roughly 80%.

NOK

### Norges Bank in a restrictive pause at 4.25%

Norway's central bank kept its policy rate at 4.25% on 13 August 2026. Inflation is slowing faster than expected — 3.0% in July, 2.7% for the CPI-ATE core measure — but is still judged too high, and Governor Ida Wolden Bache has not ruled out that a further hike may become necessary. The Norwegian krone also remains highly sensitive to the oil price.

EUR → NOK

### What it means for you

Oil is the other driver, and it cuts both ways: expensive crude supports the krone but also feeds euro area inflation, and therefore expectations of ECB hikes. That is what explains this pair's unusual amplitude this summer.

**Benchmark on 28 August 2026:** 1 EUR ≈ 10.9719 NOK. The converter at the top of this page shows the live rate.

Sources: ECB, monetary policy decisions of 11 June and 23 July 2026 · Eurostat, euro area July inflation confirmed 19 August 2026 · S&P Global, euro area flash PMI of 21 August 2026 · Norges Bank, rate decision of 13 August 2026 · Statistics Norway, July 2026 consumer price index.

The economics of the pair

## EUR/NOK: the ECB versus Norges Bank

The rate between the **euro (EUR)** and the **Norwegian krone (NOK)** reflects the relationship between two central banks: the European Central Bank (ECB) and Norges Bank, Norway's central bank. Unlike the eurozone, Norway keeps its own currency and an autonomous monetary policy.

The primary driver of the rate is the interest-rate gap between the two zones. In recent years Norges Bank has pursued a policy of relatively high rates to contain inflation; when this yield gap widens against the ECB, the krone gains support. Conversely, faster easing by Norges Bank tends to weigh on the NOK.

The second driver is commodity prices. Oil and gas make up a major share of Norway's exports, so the krone is often correlated with energy prices. A currency less liquid than the euro, the NOK can also react sharply to the markets' appetite for risk: it tends to retreat during episodes of risk aversion, then to recover when confidence returns. These factors make the EUR/NOK rate more volatile than the major pairs, hence the value of following its movements before triggering an exchange.

On the same topic, discover how to [change your currency online](https://www.ibani.com/en/guides/change-currency-online) and [calculate an exchange rate](https://www.ibani.com/en/guides/how-to-calculate-exchange-rate).

Written by [Brice Delhome](https://www.ibani.com/en/author/brice-delhome).

Frequently asked questions

## Frequently asked questions about EUR/NOK exchange

There is no universal ideal day. The EUR/NOK rate depends on the monetary policy gap between the European Central Bank (ECB) and Norges Bank, on the price of oil and gas, as well as on the markets' appetite for risk. Monitor the real rate continuously and trigger your exchange at the moment that suits you.

The EUR/NOK rate reacts above all to the interest-rate gap between the European Central Bank (ECB) and Norges Bank, as well as to oil and gas prices, Norway's main exports. The Norwegian krone, less liquid than the major currencies, is also sensitive to the markets' appetite for risk and can experience more pronounced moves.

The Norwegian economy relies heavily on hydrocarbons: oil and gas account for a major share of its exports. When energy prices rise, the country's revenues increase and the krone tends to strengthen; conversely, a fall in prices often weighs on the NOK, even if other factors such as Norges Bank's rates come into play.

ibani applies a transparent margin from 0.40% to 0.15% on the real interbank rate, decreasing with amounts. There are no opening or account maintenance fees. It's up to 10× cheaper than a traditional bank. Transfers in Norwegian kroner may be subject to correspondent bank fees. See the details on the [Rates](https://www.ibani.com/en/rates) page.

## Change your euros into kroner at the right rate.

Open an ibani account, convert your EUR into NOK at the real rate (+ margin from 0.15%) and transfer with no hidden fees. Free account opening, 100% digital, in 5 minutes.

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✓ Real interbank rate  ·  ✓ Margin from 0.15%  ·  ✓ Affiliated with SO-FIT (SRO)

\* Transfers in currencies other than EUR and CHF may be subject to correspondent bank fees.

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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 exchange operations to our name.

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