Currency Rates for Norwegian Krone
Currency Exchange Rates for Norwegian Krone. Currency Information on NOK for Norway – Kr. The foreign exchange currency code for NOK represents the Norwegian Krone exchange rate.
The currency of Norway subdivides into 100 ore, however the ore only exist electronically. The krone replaced the Norwegian specidaler at a 4kr:1s ratio in 1875, when Norway became part of the Scandinavian Monetary Union.
Over time, the krone has been pegged to the British pound, the US dollar, the Reichsmark and finally, to the pound again. Now the exchange rate is floated.
Send Money Transfer to Norway. Coins in denominations of 1, 5, 10 and 20 krone are available, as well as banknotes in denominations of 50, 100, 200, 500 and 1000 kr, though the 1000 kr notes is not used regularly.
GBP to NOK
The Norwegian krone is the official currency used in Norway and it was introduced in the year 1875.It hence replaced the Norwegian speciedaler. The oldest coins struck in Norway were in the year 1000.The Norwegian krone is divided into 100 Are.it was introduced as a result of Norway joining the Scandinavian Monetary Union. Coins with various denominations of ten and fifty Are, and one and ten kroner were introduced in 1875 and were made using gold bronze and silver. However, this situation changed later as the coins are now made using zinc copper and tin. The last gold coins were issued in the year 1910.Zinc was used during the second world war.In 1877, banknotes for five, ten, fifty, one hundred and five hundred kroner were introduced. The production of one and two Ã¸re kroner coins was halted in 1972 but the production of the five kroner coin which had been introduced in 1963 was still active. However, there were changes done to the five kroner coin in 1973 as its size was reduced. Its production was then totally abandoned in 1982, together with the production of the twenty-five Ãre. The one krone notes were introduced in 1917 and two krone notes were later introduced between 1918 and 1922.However, there was a shortage between 1940-1950 and one and two kroner banknotes were printed are arbitration coins banknotes. This edition was rightly valued until the year 1999.The fifty kroner note introduced in 1997 was the first Norwegian note featuring the Nynorsk name of Norway. A hundred kroner, which was also introduced in 1997 was upgraded in 2003 with a holographic metal stripe. The Norwegian two hundred kroner was issued in 1994 due to the considerable inflation experienced during the 1970s and 1980s which provided the need for a denomination between a hundred and a thousand kroner. The five hundred kroner was printed in 1999 and its use has increased over the years.A thousand kroner note was introduced in 2001 and has since been the most valuable banknote although its value has been decimated over the years.However, there is a new design which was introduced in May 2017 and will be fully implemented in 2019.
Bank Exchange Rates for Norwegian Krone. The foreign exchange rates for Norway also known as the ISO code NOK. Send money transfer online with us with the cheapest options.