Norwegian Krone (NOK)

About the Norwegian Krone

The Norwegian “krone” (plural: kroner) is the official currency used in the country of Norway as well as its external territories Bouvet Island, Queen Maud Land, and Peter I Island. Its official currency code (ISO) is “NOK” and it is symbolized by “kr”. The primary denominations include a 50 øre coin; 1, 2, 5, 10, 20, kroner coins (1 krone = 100 øre); and 50, 100, 200, 500, and 1000 kroner paper bank notes. In Denmark, decimal numbers are denoted using a comma (e.g. 1,50). The krone has a floating exchange rate and its value is often seen as being dependent on commodity prices (Norways’s largest export).

Central Bank: Bank of Norway

News: Norwegian Krone

• The New York Times - Ryanair Dangles Possibility of Ultracheap Trans-Atlantic Travel - NYTimes.com (18 March 2015, 12:09 am)
• Fox News - From frequent flier miles to rental cars, airlines cash in on fees - Fox News (10 September 2014, 7:00 am)
• Wall Street Journal - Ruble Hits New Record Low Against Dollar - WSJ (2 September 2014, 12:30 am)

Reports & Events: Norwegian Krone

• Publication of global framework to tackle nature-related financial risk (19 September 2023, 6:00 am)
• Sharpened expectations on climate (15 September 2023, 11:34 am)
• New Discussion Note: Strong performance from private equity (14 September 2023, 6:00 am)

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