NOKNorwegian KroneNorwegian Krone (NOK)
The Norwegian krone is the official currency of Norway and its dependent territories. Norges Bank is the country's central bank and is responsible for banknote issuance. NOK is the ISO code used in international payments and exchange-rate records, and one krone is divided into 100 ore, although the smallest units are not used as physical coins.
- ISO code
- NOK
- Symbol
- NOK
- Region
- Europe
- Currency type
- Fiat currency
- Exchange system
- Norges Bank issues Norwegian banknotes and conducts national monetary policy outside the European Union and euro area.
- Last reviewed
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Quick facts
NOK at a glance
Currency profile
How NOK works
The Norwegian krone is the official currency of Norway and its dependent territories. Norges Bank is the country's central bank and is responsible for banknote issuance. NOK is the ISO code used in international payments and exchange-rate records, and one krone is divided into 100 ore, although the smallest units are not used as physical coins.
NOK conversions support travel, energy trade, shipping, employment and cross-border commerce involving Norway. CurrencyHub shows a dated provider reference rate and keeps the pair direction visible. A bank, card or transfer service may process a transaction on another date or apply different customer pricing, so the reference result is best used for comparison and record keeping. NOK also avoids confusion with the Danish and Swedish currencies, whose local names are closely related.
- NOK is formally divided into 100 ore, but the ore is no longer used as a physical coin.
- The krone originated in the Scandinavian Monetary Union and continued independently after that union ended.
Context
Why this currency matters
NOK is an established European currency associated with a major energy-exporting economy. It is frequently compared with EUR, USD, GBP, SEK and DKK in regional and commercial analysis. Krone and krona names are similar across Scandinavia, making the NOK code necessary in travel budgets and company records. A dated reference value can support comparison, but the later amount charged by a payment provider belongs to a separate transaction record. Clear labels are especially useful in multi-currency Nordic reports.
Monetary framework
Exchange arrangement
Norges Bank issues Norwegian banknotes and conducts national monetary policy outside the European Union and euro area.
CurrencyHub shows daily reference rates. Banks, card networks, ATMs and transfer providers may apply different exchange rates, fees or spreads.
History timeline
Key dates for NOK
Norges Bank established
Norway established its central bank and a national monetary institution after the Napoleonic period.
Norges Bank - historyNorwegian krone introduced
Norway adopted the krone within the Scandinavian Monetary Union, replacing the speciedaler.
Norges Bank - historyKrone allowed to float
Norway abandoned its fixed exchange-rate target and moved to a floating rate.
Norges Bank - history
Usage and economy
How NOK is used
- Prices, wages and payments in Norway.
- Energy, shipping, travel and Nordic comparisons with SEK, DKK, EUR and ISK.
Country currency guides
Banknotes and coins
NOK currency units
Norges Bank publishes information on valid Norwegian banknotes and their security features.
Norges Bank documents current krone coins and the absence of circulating ore coins.
One Norwegian Krone unit is recorded with 2 decimal places and uses Ore as its minor unit.
Related currencies
Currency relationships
Explore currencies connected through regional use, trade comparisons or monetary relationships.
FAQ
NOK questions
Why is NOK associated with energy markets?
Norway is a major energy exporter, so energy trade and investment conditions can be relevant when users follow NOK.
What currency did the Norwegian krone replace?
The krone replaced the speciedaler when Norway entered the Scandinavian Monetary Union in 1875.
Is NOK fixed to EUR?
No. NOK floats independently, although Norway has close economic links with European markets.
Sources
Data and editorial review
Rate source: Frankfurter
Last reviewed:
Currency identity and cash information is checked against central-bank, government, ISO and official international sources.