USD/NOK : US Dollar / Norwegian Krone

USD/NOK rose by 0.25% on Friday October 24, trading at 9.9992 with a weekly loss of 0.59% and monthly gain of 0.64%. Norges Bank's decision to cut its policy rate to 4.25% in June with expectations of further reductions due to lower inflation, weakened the Norwegian Krone against the US Dollar. The Krone's sensitivity to global economic conditions and investor risk appetite means that periods of heightened uncertainty led to its depreciation versus the US Dollar. Fluctuations in global oil prices, a key driver for the Norwegian economy, also impacted the Krone's strength relative to the US Dollar. Its 52-week high was 11.5305, while its 52-week low was 9.73681.

5 Days 1 Month 3 Months 6 Months YTD 1 Year 3 Years 5 Years 10 Years
-0.59% 0.64% -1.17% -3.95% -12.17% -8.57% 1.64% 12.59% 15%