CurrencyCore Currency Intelligence Platform Start Building
NOK / USD · 56 years · 1971-2026

Norwegian Krone to US Dollar exchange rate history 1971 to 2026: energy and the krone

One Norwegian Krone bought 0.1425 USD in 1971 and 0.1049 USD in 2026. Energy and the krone. The series covers 56 years of annual data.

2026 avg
0.1049
year to date
Highest avg
0.2026
1980
Lowest avg
0.0930
2024
Traded range
0.0856 to 0.2147
low 2020, high 1978
See the year-by-year table Get the data free

Source: Federal Reserve H.10 (DEXNOUS). Latest daily observation 2026-10-30.

NOK/USD Norwegian Krone to US Dollar
Annual average
1 NOK = 0.1086 USD

Latest available rate · 2026 average 0.1049

kr
2026 1 NOK = 0.1049 USD
10.49 USD
High 0.1092 Low 0.0989 Change +9.4%

Annual averages of daily observations.

At a glance

NOK/USD in four numbers

Change since 1971
-32.3%
55 complete years
Change over 10 years
-22.3%
2015 to 2025
Average annual change
-0.2%
standard deviation 11 points
Largest drawdown
56.7%
1979 to 2024

NOK/USD annual average, 1971 to 2026

Annual average with the full trading range for each year. average high–low range

0.08 0.11 0.15 0.19 0.22 1971 1980 1990 2000 2010 2026 1971: 0.1425 1972: 0.1518 1973: 0.1745 1974: 0.1812 1975: 0.1918 1976: 0.1833 1977: 0.1879 1978: 0.1908 1979: 0.1975 1980: 0.2026 1981: 0.1746 1982: 0.1558 1983: 0.1371 1984: 0.1230 1985: 0.1170 1986: 0.1353 1987: 0.1485 1988: 0.1535 1989: 0.1448 1990: 0.1600 1991: 0.1546 1992: 0.1614 1993: 0.1410 1994: 0.1420 1995: 0.1579 1996: 0.1548 1997: 0.1414 1998: 0.1324 1999: 0.1281 2000: 0.1137 2001: 0.1112 2002: 0.1261 2003: 0.1414 2004: 0.1486 2005: 0.1554 2006: 0.1562 2007: 0.1713 2008: 0.1800 2009: 0.1598 2010: 0.1657 2011: 0.1787 2012: 0.1720 2013: 0.1703 2014: 0.1594 2015: 0.1242 2016: 0.1192 2017: 0.1211 2018: 0.1231 2019: 0.1137 2020: 0.1065 2021: 0.1164 2022: 0.1044 2023: 0.0947 2024: 0.0930 2025: 0.0965 2026: 0.1049

Source: Federal Reserve H.10 (DEXNOUS). Figures are annual averages of daily observations.

Largest moves

Five largest NOK/USD moves

The largest absolute year-end changes in the published series, using complete calendar years only.

  1. 2002 +29.3% 0.1115 to 0.1441

    Year-end rate moved from 0.1115 to 0.1441, a change of 29.3%.

  2. 2008 -22.1% 0.1841 to 0.1434

    Year-end rate moved from 0.1841 to 0.1434, a change of 22.1%.

  3. 2009 +20.5% 0.1434 to 0.1727

    Year-end rate moved from 0.1434 to 0.1727, a change of 20.5%.

  4. 1985 +19.9% 0.1100 to 0.1319

    Year-end rate moved from 0.1100 to 0.1319, a change of 19.9%.

  5. 2014 -18.9% 0.1649 to 0.1337

    Year-end rate moved from 0.1649 to 0.1337, a change of 18.9%.

Full dataset

NOK to USD exchange rate by year

Every year since 1971: annual average, the year high and low, the year-end rate, and the change on the previous year.

Records and extremes
56 years
NOK/USD annual exchange rate history, 1971 to 2026
Year Average High Low Year end Change
1971 0.1425 0.1492 0.1399 0.1491 n/a
1972 0.1518 0.1542 0.1487 0.1506 +1.0%
1973 0.1745 0.1950 0.1508 0.1745 +15.9%
1974 0.1812 0.1931 0.1639 0.1917 +9.9%
1975 0.1918 0.2051 0.1745 0.1791 -6.6%
1976 0.1833 0.1936 0.1784 0.1936 +8.1%
1977 0.1879 0.1950 0.1812 0.1950 +0.7%
1978 0.1908 0.2147 0.1822 0.1998 +2.5%
1979 0.1975 0.2063 0.1914 0.2030 +1.6%
1980 0.2026 0.2086 0.1904 0.1930 -4.9%
1981 0.1746 0.1954 0.1594 0.1735 -10.1%
1982 0.1558 0.1728 0.1363 0.1416 -18.3%
1983 0.1371 0.1439 0.1280 0.1297 -8.4%
1984 0.1230 0.1351 0.1099 0.1100 -15.2%
1985 0.1170 0.1319 0.1017 0.1319 +19.9%
1986 0.1353 0.1448 0.1276 0.1356 +2.8%
1987 0.1485 0.1608 0.1355 0.1608 +18.6%
1988 0.1535 0.1628 0.1426 0.1523 -5.3%
1989 0.1448 0.1537 0.1365 0.1515 -0.6%
1990 0.1600 0.1737 0.1502 0.1704 +12.5%
1991 0.1546 0.1766 0.1399 0.1671 -1.9%
1992 0.1614 0.1815 0.1439 0.1439 -13.9%
1993 0.1410 0.1508 0.1328 0.1328 -7.8%
1994 0.1420 0.1540 0.1320 0.1478 +11.3%
1995 0.1579 0.1635 0.1468 0.1582 +7.0%
1996 0.1548 0.1587 0.1511 0.1569 -0.8%
1997 0.1414 0.1577 0.1289 0.1356 -13.6%
1998 0.1324 0.1367 0.1202 0.1319 -2.7%
1999 0.1281 0.1352 0.1235 0.1248 -5.4%
2000 0.1137 0.1260 0.1043 0.1136 -9.0%
2001 0.1112 0.1171 0.1058 0.1115 -1.9%
2002 0.1261 0.1441 0.1098 0.1441 +29.3%
2003 0.1414 0.1505 0.1306 0.1500 +4.1%
2004 0.1486 0.1652 0.1400 0.1645 +9.7%
2005 0.1554 0.1648 0.1470 0.1483 -9.9%
2006 0.1562 0.1670 0.1460 0.1605 +8.3%
2007 0.1713 0.1900 0.1545 0.1841 +14.7%
2008 0.1800 0.2022 0.1373 0.1434 -22.1%
2009 0.1598 0.1806 0.1374 0.1727 +20.5%
2010 0.1657 0.1781 0.1499 0.1698 -1.7%
2011 0.1787 0.1914 0.1659 0.1676 -1.3%
2012 0.1720 0.1799 0.1631 0.1798 +7.3%
2013 0.1703 0.1841 0.1597 0.1649 -8.3%
2014 0.1594 0.1700 0.1337 0.1337 -18.9%
2015 0.1242 0.1368 0.1129 0.1129 -15.5%
2016 0.1192 0.1254 0.1115 0.1161 +2.8%
2017 0.1211 0.1295 0.1152 0.1222 +5.2%
2018 0.1231 0.1304 0.1138 0.1156 -5.4%
2019 0.1137 0.1186 0.1083 0.1139 -1.5%
2020 0.1065 0.1169 0.0856 0.1166 +2.4%
2021 0.1164 0.1218 0.1089 0.1135 -2.6%
2022 0.1044 0.1166 0.0920 0.1016 -10.5%
2023 0.0947 0.1019 0.0890 0.0988 -2.8%
2024 0.0930 0.0973 0.0873 0.0880 -11.0%
2025 0.0965 0.1024 0.0872 0.0992 +12.8%
2026 YTD 0.1049 0.1092 0.0989 0.1086 +9.4%

1971–2026 · 55 complete calendar years. Annual figures are averages of available daily observations. 2026 is year to date: the average is based on 209 published trading days through 2026-10-30.

Data through 2026-10-30 · Federal Reserve H.10 (DEXNOUS) · Methodology Download CSV
Long view

NOK/USD by decade

Annual averages grouped into decade buckets. The first and last buckets may cover fewer than ten years.

NOK/USD decadal average exchange rate
Period Average High Low vs previous
1971–1979 0.1779 0.2147 0.1399 n/a
1980–1989 0.1492 0.2086 0.1017 -16.1%
1990–1999 0.1474 0.1815 0.1202 -1.2%
2000–2009 0.1464 0.2022 0.1043 -0.7%
2010–2019 0.1447 0.1914 0.1083 -1.1%
2020–2026 0.1023 0.1218 0.0856 -29.3%

Average of the annual averages in each period. The first and last rows cover partial decades.

NOK/USD since 1971

Norwegian Krone to US Dollar averaged 0.1425 USD in 1971 and 0.0965 USD in 2025, 32.3% lower across 55 complete years.

The annual average has ranged from 0.0930 in 2024 to 0.2026 in 1980. On individual trading days the series reached 0.0856 and 0.2147, a ratio of 2.5 to 1.

The five largest NOK/USD moves

Ranked by absolute year-end change, the five largest moves were 2002 (+29.3%), 2008 (-22.1%), 2009 (+20.5%), 1985 (+19.9%), 2014 (-18.9%). The biggest was 2002, when the rate moved from 0.1115 to 0.1441, a change of 29.3%.

Across 55 complete years the pair rose in 24 and fell in 30. The average annual change was -0.2% with a standard deviation of 11 percentage points, which is one way to compare its volatility with other pairs.

How wide is the NOK/USD range?

The highest single observation in the series was 0.2147 in 1978, and the lowest was 0.0856 in 2020. That is a ratio of 2.5 to 1 between the two extremes.

Annual averages are narrower than single-day levels because they smooth the intra-year swings. Even so, the average has ranged from 0.0930 to 0.2026, a spread that matters for anyone converting at different points in the cycle.

NOK/USD by decade

Grouped by decade, the annual average was 0.1779 in 1971-1979 and 0.1023 in 2020-2026. The widest decade-to-decade change was -29.3% between 2010-2019 and 2020-2026, when the average moved from 0.1447 to 0.1023.

The final bucket, 2020-2026, is a partial decade and includes the year-to-date 2026 average. The table below shows every bucket with its high and low, so the short-run moves and the long-run level can be read together.

Oil, gas and the Norwegian krone

NOK/USD includes a commodity currency. The Norwegian krone is a free-floating currency tied to Norway's offshore oil and gas sector.

Norway is a large offshore oil and gas exporter, so the krone is closely linked to energy prices. The link runs through the terms of trade: a higher export price raises national income and usually supports the exporter's currency, while a fall does the opposite. Norges Bank manages the currency's exposure to the petroleum fund, but it does not fix the krone.

The data shows that sensitivity but not a mechanical rule. The average moved -32.3% over 55 complete years, and the traded range ran from 0.0856 in 2020 to 0.2147 in 1978.

How to read the NOK/USD data

The annual figures are averages of the daily observations in Federal Reserve H.10 (DEXNOUS). Highs and lows are the most extreme single observations in each calendar year, not intraday highs. No figure on this page is estimated or interpolated.

Key years

NOK/USD history: the years that moved the rate

Each event below is dated and tied to one of the currencies in this pair.

  1. 2008 2008-09-15

    Lehman Brothers files for bankruptcy

    The collapse of Lehman Brothers triggered a global financial crisis, a flight into the US dollar and extreme volatility across currency markets.

  2. 2020 2020-03-15

    Pandemic triggers a global dash for cash

    The COVID-19 shock caused a worldwide sell-off and a surge in demand for US dollars, followed by large central bank intervention and emergency rate cuts.

  3. 2022 2022-03-16

    Federal Reserve begins a rapid tightening cycle

    The Federal Reserve raised rates for the first time since 2018 and continued with unusually large increases, driving a broad dollar rally during 2022.

FAQ

NOK/USD history: common questions

What was the NOK/USD rate in 1971?

One NOK averaged 0.1425 USD in 1971, with a range of 0.1399 to 0.1492 and a year-end rate of 0.1491.

What is the highest NOK/USD rate on record?

The highest annual average was 0.2026 in 1980. The highest single observation was 0.2147 in 1978.

What is the lowest NOK/USD rate on record?

The lowest annual average was 0.0930 in 2024. The lowest single observation was 0.0856 in 2020.

What was the biggest single-year move in NOK/USD?

2002 was the largest, at +29.3%. The year-end rate moved from 0.1115 to 0.1441.

How volatile has NOK/USD been?

Across 55 complete years the average annual change was -0.2% with a standard deviation of 11 percentage points. The largest drawdown was 56.7%, from 1979 to 2024.

What is the NOK/USD rate in 2026?

The 2026 average is 0.1049 USD per NOK, based on the year to date. The latest complete year, 2025, averaged 0.0965.

Programmatic access

Query any NOK/USD rate since 1971

Point-in-time rates, full time series and period analysis over the same dataset that powers this page. 1,000 requests per month free, no credit card required.

  • Exact rate for any date, with weekend and holiday carry-forward
  • Daily, weekly, monthly and yearly aggregation
  • Change, volatility, highs and lows for any window
Get a free API key Currency API Historical FX API 
curl https://api.currency-core.com/v1/convert \
  -H 'Authorization: Bearer YOUR_KEY' \
  -G --data-urlencode 'from=NOK&to=USD'

56 years of NOK/USD.
One API call away.

Historical rates on Starter and above. Free tier includes the last 30 days. No credit card required.

Get your free API key Currency API View Historical FX API