Norwegian Kroner to U.S. Dollar Spot Exchange Rate
DEXNOUS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10.26
Year-over-Year Change
-0.08%
Date Range
10/4/2021 - 8/1/2025
Summary
The Norwegian Kroner to U.S. Dollar Spot Exchange Rate tracks the daily market value of Norwegian currency relative to the U.S. dollar. This metric is crucial for understanding international trade dynamics, investment flows, and economic relationships 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, trade balances, and global economic conditions. Economists and financial analysts use this rate to assess currency valuation, international purchasing power, and potential investment opportunities.
Methodology
The exchange rate is calculated daily based on interbank foreign exchange market transactions and reported by central banking authorities.
Historical Context
This data is essential for multinational corporations, investors, policymakers, and economic researchers analyzing cross-border financial interactions and currency market trends.
Key Facts
- Reflects real-time market conversion between Norwegian and U.S. currencies
- Influenced by economic indicators, trade balances, and monetary policies
- Critical for international financial decision-making
FAQs
Q: How often is the Norwegian Kroner to U.S. Dollar exchange rate updated?
A: The exchange rate is typically updated daily during active trading hours, reflecting current market conditions and currency valuations.
Q: What factors influence the NOK/USD exchange rate?
A: Key factors include interest rates, inflation, economic performance, commodity prices, and geopolitical events in both Norway and the United States.
Q: How do traders and investors use this exchange rate?
A: Investors and traders use this rate to make informed decisions about currency trading, international investments, and hedging strategies.
Q: Why is the Norwegian Kroner to U.S. Dollar rate important?
A: This rate helps businesses, investors, and policymakers understand economic relationships, trade dynamics, and currency market trends between Norway and the United States.
Q: Are there limitations to using this exchange rate data?
A: The rate represents a snapshot of market conditions and can change rapidly due to various economic and geopolitical factors, requiring continuous monitoring.
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Citation
U.S. Federal Reserve, Norwegian Kroner to U.S. Dollar Spot Exchange Rate [DEXNOUS], retrieved from FRED.
Last Checked: 8/1/2025