Coin denominations:
The history of Norwegian banknotes and coins reflects the evolution of Norwegian currency over centuries. Older series once included smaller coin units such as the øre, which have since been discontinued, while today’s NOK notes and coins in circulation showcase Norway’s culture, heritage, and modern design.
| Series I (1877-1901) | Series II (1901-1945) | Series III (1945-1955) |
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| Series IV (1948-1976) | Series V (1962-1985) | Series VI (1979-2001) |
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As a licensed and registered online foreign currency exchange platform, US First Exchange is here to ensure you buy or sell Norwegian Krone quickly, securely, and at competitive currency exchange rates.
Norway uses the Norwegian Krone (NOK, kr) as its official currency. The NOK currency is issued and managed by Norges Bank, the country’s central bank, and comes in both coins and banknotes. Historically, Norway was part of the Scandinavian Monetary Union (1873–1914), which linked the currencies of Norway, Denmark, and Sweden under a gold standard. Although the union dissolved during World War I, the krone remained as Norway’s national currency and is still in use today.
The official currency used in Norway is the Norwegian Krone (NOK, kr). All payments in shops, restaurants, and services are made in kroner, and both coins and Norwegian banknotes are widely accepted. While some tourist areas may accept US dollars, euros, or multi-currency cards, using local Norwegian currency ensures you avoid any issues when paying in cash as well as unfavorable conversion fees and hidden markups.
The strength of the Norwegian krone is influenced by several factors, including global markets, interest rate policies, and the strength of Norway's economy. Because the krone is closely tied to energy exports, it often strengthens when oil markets perform well.
Currency markets constantly fluctuate, so it’s impossible to guarantee whether the krone will rise or fall. To stay informed, you can sign up for our exchange rate alerts to track the Norwegian currency trends, which will notify you when the krone moves in your favor, helping you lock in the best exchange rates.
Whether now is a good time to buy Norwegian krone depends on global markets, interest rates, and the current geopolitical situation, all of which can impact the krone’s value. Because much of the money in Norway is tied to energy exports, fluctuations in gas and oil prices often influence its strength.
Before you decide, use our online currency converter to compare the Norwegian currency to the USD exchange rate in real time. This lets you see how far your dollars (or another currency) will go and ensures you buy kroner at the most favorable rate available. If you're traveling, it's always best to convert your USD to NOK beforehand to avoid high transaction fees when you spend abroad.
The Norwegian currency has experienced periods of weakness due to lower oil prices, global economic uncertainty, and interest rate differences compared to those of larger economies. How long it stays weak depends on shifts in Norway’s economy, energy markets, and the broader geopolitical and financial climate.
While analysts expect the krone to recover, currency markets are unpredictable and can change quickly. To stay ahead, travelers, collectors, and investors can track live rates and set up our exchange rate alerts to know when the krone strengthens.
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