Norway Currency – This is the Currency of Norway Explained

Norway - Norwegian money, Norway currency
Norway - Norwegian money, Norway currency

Norway currency – What currency does Norway use

Q: what is the currency of norway (norway currency)?
A: The currency of Norway is krone (plural: kroner).

Norway Currency

The unit of currency in Norway is the krone (plural: kroner), which translates as “crown,” written officially as NOK. Price tags are seldom marked this way, but instead read “Kr” followed by the amount, such as Kr 10 or 10 Kr. Here, Norwegian krone is abbreviated NOK. One krone is divided into 100 ore, and coins of 1, 5, 10, and 20 kroner are in circulation.

Norwegian bills are issued in denominations of 50, 100, 200, 500, and 1.000 kroner.

EURO-cards and EURO-cheques are not accepted in Norway, so now you know…

Please note that the banknotes in the picture are old and taken out of circulation, new banknotes are in circulation now.

Norway Currency – Euro in Norway

Euro will not take the place of Norwegian Kroner. Most shops and restaurants in Norway do not accept Euro. Many souvenir shops do accept Euro, but there is no general rule on who is accepting Euro.

Norway Currency – USD American Dollars in Norway

Most shops and restaurants in Norway do not accept dollars. Many souvenir shops do accept american dollars. There is no general rule on who is accepting dollars. Acceptance of American Express is very limited in Norway. Cheques is not accepted in shops in Norway. A few banks may accept cheques, but there is a few weeks waiting time for confirmation and payout.

Norway Currency – Exchange Rates for kroner, pounds, euros and dollars

The exchange rates vary form hour to hour.
But, as a general rule, in Norway we use this for small amounts:
1 british pound = NOK 12
1 USD = NOK 9
1 euro = NOK 10

This is for smaller amounts, like buying mineral water and snacks. For larger amounts we use online tools for exchange calculations.

Norway Currency to USD

How to calculate the norway currency to USD:

In this example we use the exchange rate of 1 usd = NOK 8 (not the current rate today)

Example 1) NOK 100 = 100 / 8 = 12.5 USD
Example 2) NOK 500 = 500 / 8 = 62.5 USD

The exchange rate for 1 USD varies normally in the range of NOK 5 to 9.

Norwegian name: Valuta i Norge.