Norwegian Kroner to U.S. Dollar Spot Exchange Rate
EXNOUS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10.16
Year-over-Year Change
-6.01%
Date Range
1/1/1971 - 7/1/2025
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 relative economic conditions, monetary policies, and investor sentiment. Economists and financial analysts use this rate to assess currency valuation, trade competitiveness, and potential investment 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, international traders, and multinational corporations use this exchange rate for financial planning, hedging strategies, and cross-border economic decision-making.
Key Facts
- Reflects real-time market valuation between Norwegian and U.S. currencies
- Influenced by economic indicators, monetary policies, and global market conditions
- 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 activities.
Q: What factors impact the NOK/USD exchange rate?
A: Key factors include interest rates, economic performance, oil prices, geopolitical events, and monetary policies in both Norway and the United States.
Q: How is the EXNOUS series collected?
A: The U.S. Federal Reserve collects this data through a network of financial institutions and foreign exchange market participants, updating rates in near real-time.
Q: Why do businesses care about this exchange rate?
A: Businesses use this rate to manage currency risk, price international products, plan cross-border investments, and make strategic financial decisions.
Q: How frequently is the EXNOUS data updated?
A: The exchange rate is typically updated continuously during market hours, with official recorded data points often reflecting daily or hourly averages.
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Citation
U.S. Federal Reserve, Norwegian Kroner to U.S. Dollar Spot Exchange Rate [EXNOUS], retrieved from FRED.
Last Checked: 8/1/2025