Whether you're planning a trip to Norway or conducting international trade that requires converting dollars to Norwegian kroner, exchange rates will significantly impact your budget and profits. This guide provides a comprehensive analysis of the NOK/USD exchange rate, including real-time data, historical trends, and practical conversion tools to help you make informed decisions.
Current Exchange Rate: How Much Is 100 Norwegian Kroner in Dollars?
As of August 28, 2025, at 19:10 UTC, 100 Norwegian kroner equals approximately $9.94. The exact rates are:
- 1 NOK = $0.0994
- $1 = 10.0593 NOK
For quick reference, here are common conversion amounts:
NOK to USD Conversion Table
| Norwegian Krone (NOK) | US Dollars (USD) |
|---|---|
| 1 NOK | $0.099 |
| 5 NOK | $0.497 |
| 10 NOK | $0.994 |
| 25 NOK | $2.485 |
| 50 NOK | $4.971 |
| 100 NOK | $9.941 |
| 500 NOK | $49.705 |
| 1,000 NOK | $99.410 |
| 5,000 NOK | $497.052 |
| 10,000 NOK | $994.104 |
USD to NOK Conversion Table
| US Dollars (USD) | Norwegian Krone (NOK) |
|---|---|
| $1 | 10.059 NOK |
| $5 | 50.296 NOK |
| $10 | 100.593 NOK |
| $25 | 251.483 NOK |
| $50 | 502.965 NOK |
| $100 | 1,005.93 NOK |
| $500 | 5,029.65 NOK |
| $1,000 | 10,059.3 NOK |
| $5,000 | 50,296.5 NOK |
| $10,000 | 100,593 NOK |
Historical Exchange Rate Trends: Analyzing Past Patterns
Understanding historical exchange rate fluctuations can help predict future movements. Below is a comparison of NOK/USD rates over different time periods:
| Metric | Past 7 Days | Past 30 Days | Past 90 Days |
|---|---|---|---|
| Highest Rate | 0.099447 | 0.099447 | 0.10101 |
| Lowest Rate | 0.097215 | 0.096828 | 0.096828 |
| Average Rate | 0.098590 | 0.097980 | 0.098674 |
| Volatility | 0.58% | 0.48% | 0.46% |
Key observations:
- The NOK/USD exchange rate has shown moderate volatility over the past three months, ranging between 0.0968 and 0.1010.
- Short-term (7-day) volatility appears slightly higher than longer-term trends, suggesting more frequent fluctuations in the near term.
- Historical analysis helps identify whether current rates are relatively high or low, informing better conversion timing decisions.
Factors Influencing Exchange Rates
Several economic and political factors affect the NOK/USD exchange rate:
- Economic indicators: GDP growth, inflation rates, and employment data from both countries
- Monetary policy: Interest rate decisions by Norges Bank and the Federal Reserve
- Political stability: Domestic and international political developments
- Market sentiment: Investor confidence in both currencies
- Commodity prices: Norway's oil exports make the krone sensitive to crude oil price changes
Currency Overview: NOK and USD
Norwegian Krone (NOK): The official currency of Norway (currency code: NOK, symbol: kr). Its value is closely tied to Norway's petroleum-based economy and global oil markets.
US Dollar (USD): The world's primary reserve currency (currency code: USD, symbol: $). Its value reflects US economic performance and Federal Reserve policies.
Strategies for Optimal Currency Exchange
- Monitor rate trends: Track both current and historical exchange rates to identify favorable conversion opportunities.
- Compare providers: Exchange rates and fees vary between banks, currency exchanges, and online platforms.
- Account for fees: Consider all transaction costs, not just the exchange rate.
- Use conversion tools: Online calculators simplify amount conversions and comparisons.
- Plan ahead: For large transactions, consider staggering conversions to average out rate fluctuations.
Conclusion
Understanding the Norwegian krone to US dollar exchange rate is essential for travelers, businesses, and investors. By analyzing current rates, historical trends, and economic factors, you can make informed currency conversion decisions that maximize value. Remember that exchange rates fluctuate constantly, so ongoing monitoring is key to identifying optimal transaction times.