Norwegian krone exchange rate

The official currency of Norway, known for its stability and is one of the most important currencies in the Scandinavian region, banknotes are issued by Norges Bank - Bank of Norway. The exchange rate of the Norwegian krone on the currency market and exchange offices is variable and depends on many factors, such as the economic and political situation and other market factors. Norway, as a country rich in natural resources, especially oil, often experiences fluctuations in the NOK exchange rate in response to changes in commodity prices. The currency was introduced in 1875 and in the same year Norway joined the Scandinavian Monetary Union, which unfortunately collapsed in 1914, since then Norway has kept the krone as its currency.