Norwegian Kroner to U.S. Dollar Spot Exchange Rate
AEXNOUS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10.76
Year-over-Year Change
84.90%
Date Range
1/1/1971 - 1/1/2024
Summary
The Norwegian Kroner to U.S. Dollar Spot Exchange Rate tracks the current market value of Norwegian currency relative to the U.S. dollar. This metric is crucial for understanding international trade dynamics, investment flows, and cross-border economic interactions between Norway and the United States.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This exchange rate represents the real-time market price for converting Norwegian kroner into U.S. dollars, reflecting complex interactions between monetary policies, economic performance, and global financial markets. Economists and investors closely monitor this rate to assess relative economic strength and potential currency trading opportunities.
Methodology
The exchange rate is calculated based on live foreign exchange market transactions, aggregating current trading prices from multiple international financial institutions.
Historical Context
Central banks and international traders use this rate to inform currency trading strategies, assess economic competitiveness, and make cross-border investment decisions.
Key Facts
- Reflects real-time market valuation of Norwegian kroner
- Influenced by economic indicators from both Norway and the United States
- Critical for international trade and investment decisions
FAQs
Q: How often does the Norwegian Kroner to U.S. Dollar exchange rate change?
A: The exchange rate fluctuates continuously during global financial market hours, with significant changes potentially occurring multiple times per minute based on trading activity.
Q: What factors impact the NOK/USD exchange rate?
A: Key factors include interest rates, economic performance, commodity prices (especially oil), geopolitical events, and monetary policies in both countries.
Q: How is the AEXNOUS series collected?
A: The U.S. Federal Reserve collects this data through aggregated foreign exchange market transactions, using real-time reporting from financial institutions.
Q: Why do businesses care about this exchange rate?
A: Companies engaged in international trade use this rate to price goods, manage currency risk, and make strategic financial decisions involving Norwegian and U.S. markets.
Q: How frequently is the AEXNOUS data updated?
A: The exchange rate data is typically updated in near real-time during market hours, with official consolidated reports published daily by financial authorities.
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Citation
U.S. Federal Reserve, Norwegian Kroner to U.S. Dollar Spot Exchange Rate [AEXNOUS], retrieved from FRED.
Last Checked: 8/1/2025