The Norwegian krone has been the currency of Norway since 1875. Its symbol is kr and its ISO 4217 code is NOK. A Norwegian krone is divided into 100 øre and in Norwegian is written “Norsk krone” (“kroner” in the plural).
The euro to Norwegian crown exchange rate (see below) is stable, between 9 or 10 crowns per euro. At the date of this post:
- the Norwegian krone euro exchange rate is 1 euro = 10.88 kroner.
- And 1 crown = 0.092 euros.
Origins of the Norwegian crown
The Scandinavian Monetary Union was a monetary union formed by Sweden and Denmark on May 5, 1873 by equalizing their currencies against the gold standard.
Norway, united with Sweden but with full internal autonomy, entered the Union two years later, in 1875, to set its currency at the same level as Denmark and Sweden.
The crown therefore dates from 1875, after the country joined this Scandinavian Monetary Union (1873-1914). The equivalence was set at 1 NOK = 403.226 milligrams of gold.
Norway took the opportunity to replace its currency, the Norwegian speciedaler, with the crown, at an exchange rate of 4 crowns per speciedaler.
The common Scandinavian currency was in force until the end of the First World War. Later, the three countries decided to keep the names of their respective “crown” currencies. But putting their territorial “surname” from that moment on (Danish krone DKK, Norwegian krone NOK and Swedish krone SEK).
The reference to gold was maintained between 1916 and 1920, and was updated again in 1928 but permanently discontinued in 1931. In 1939, Norway fixed the exchange rate of the crown against the US dollar at 4.40 NOK per dollar.
In December 1992, the Norwegian Central Bank (Norges Bank) abandoned the fixed exchange rate in favor of a floating exchange rate to curb speculation against the Norwegian currency of the 1990s.
At this time, its Central Bank lost more than 2 trillion crowns in purchases of crowns against its foreign exchange reserves.
Krona coins in circulation
Krona coins in circulation today are 1, 5, 10 and 20 kroner (NOK). The coins are minted by the Norwegian Mint (Samlerhuset Group B.V.).
Krona banknotes in circulation
The krona banknotes in circulation in Norway today are 50, 100, 200, 500 and 1,000 kroner (NOK). Here you have what it looks like but you can consult them on the website of the Bank of Norway (Norges Bank):
Norway is a nation anchored to the sea. Sailing, fishing and other activities associated with the sea have long been the basis of the country’s economic growth and prosperity.
In the last 50 years, oil and gas activity has become one of the pillars of the Norwegian economy. All these elements are part of the new series of banknotes of the country.
An Atlantic Puffin can be seen in the upper right corner of all new Norwegian series banknotes. The head of a puffin and the note’s value also appear in the watermark used on all denominations as an anti-counterfeiting security feature.
50 norwegian kroner banknote
This banknote was put into circulation on October 18, 2018. As of October 19, 2019, the banknote of the previous series will no longer be in circulation.
The main motif on the 50-kroner note is the Utvær lighthouse in Solund. This lighthouse was built in 1900 and is the westernmost point in Norway. As early as 1770, Utvær was a place of learning and sea pilotage.
This knowledge was transmitted from father to son for several generations, according to the long tradition, along the entire coast.
In the second half of the 19th century, many lighthouses were built along the Norwegian coast, serving as an artery for traffic and transportation. Today, along the entire Norwegian coast there is a network of more than 21,000 lighthouses and seamarks.
Together with safe harbors and other maritime infrastructure, they have facilitated and secured navigation along a highly weathered coastline, and have been crucial to the development of Norwegian communication, trade and culture.
An Atlantic Puffin can be seen in the upper right corner of the note.
The reverse of the 50 NOK note shows the gleam of a sea lighthouse. The wind is light, symbolized by the short rectangular shapes and the gentle waves in the organic pattern.
You can also see the constellation Ursa Major and the symbol on a nautical chart that shows the divisions between the light sectors of a lighthouse.
The equivalent in euros of this 50 NOK banknote would be around 4 to 5 euros depending on the exchange rate.
100 norwegian kroner banknote
This banknote was put into circulation on May 30, 2017. Since May 31, 2018, the banknote of the previous series is no longer in circulation.
The main motif on the 100-kroner note is the Gokstad ship, the largest surviving Viking ship in Norway. The ship was built around 900 AD and was found in a burial mound in 1880.
In the background you can vaguely see a Norwegian bow design, X-BOW®, belonging to Ulstein Design & Solutions AS.
In the Viking Age it was possible to sail along the entire Norwegian coast and abroad on trade missions, for piracy, naval warfare or colonization of new territories.
The reverse of the note shows a cargo ship on the horizon in a light breeze, symbolized by rectangular shapes that are slightly longer than those of the 50-kroner note.
Waves in the organic pattern begin to form. A globe and parts of the Orion constellation are also visible.
Shipping routes were long crucial for Norway, not just for those who lived along the coast. Via inland waterways, goods from all over the country were transported to the coast, and from there, to other parts of the country and abroad. From near and far, other goods came in return.
Today, the maritime and shipping industries are also important drivers of the Norwegian economy. Most of the imported products that Norwegians buy are still transported by ship.
The equivalent in euros of this 100 NOK banknote would be around 8 to 10 euros depending on the exchange rate. In July 2022, they will give you around 9.17 euros for this ticket, in Portugal.
200 norwegian kroner banknote
This banknote was put into circulation on May 30, 2017. Since May 31, 2018, the NOK 200 banknote of the previous series is no longer in circulation.
The obverse of the 200 kroon note shows a cod. A herring and a fishing net are shown in the background. For centuries, fishing has been a key source of income and an important part of the culture along the Norwegian coast.
Norwegian dried cod was an important food in the diet of Europeans. Herring, roe, and cod liver oil were other foods exported to Europe.
That is why cod and herring are present in literature, sculpture, municipal coats of arms, and now also on the new Norwegian banknotes.
The reverse shows a fishing boat blurred on the horizon under a cool breeze, and a moderate swell represented by rectangular shapes that are longer than those of the 100-krona note. You can also see the lines of a fishing net and a sea mark.
The equivalent in euros of this 200 NOK banknote would be around 18 to 20 euros depending on the euro-krona exchange rate. In July 2022, they would give you about 18.34 euros in currency suppliers in Portugal.
500 norwegian kroner banknote
This banknote was put into circulation on October 18, 2018. As of October 19, 2019, the banknote of the previous series is no longer in circulation.
The obverse of the 500-kroner note shows the rescue ship RS 14 “Stavanger”, designed by Norway’s most famous shipbuilder, Colin Archer.
The ship was built at Archer’s shipyard in Larvik and launched in 1901. The ship served for more than 37 years in the service of the Redningsselskapet (Norwegian Sea Rescue Society).
On the reverse appears an oil platform vaguely on the horizon subject to strong winds represented by elongated rectangular shapes. You can also see the North Sea gas pipeline network and a fossil.
The equivalent in euros of this 500 NOK note in July 2022 would be around 45.85 euros.
1000 norwegian kroner banknote
This purple banknote was put into circulation in autumn 2019, replacing the current series VII 1,000 NOK banknote (entered into circulation in June 2001).
The obverse of the 1,000-krona note is dedicated to the sea, in the form of a wave in the open sea. The wave suggests the driving force that drives the Norwegians forward.
For more than a millennium, the sea has been the basis of Norwegian wealth. As with the other banknotes in this series, an Atlantic Puffin can be seen in the upper right corner of the banknote.
The reverse shows the open sea on the horizon. There is a strong gale and the rectangular shapes are longer than on the 500-kroner banknote. Two representations of a water molecule in liquid and solid state also appear.
The euro equivalent of this NOK 1,000 note would be around €91.70 in July 2022.
Euro to Norwegian krone exchange rate
The exchange rate of the euro with respect to the crown fluctuates at all times, although they are two very stable currencies, so there are no large fluctuations in exchange prices.
If you search Google for “euro to norwegian krone exchange” you will find dozens of websites (“currency converters”) that offer a “price” of the day. Even with Google Finance prices. Something like this (14th Feb 2023):
As you can see, the euro to crown exchange rate today is 10,87 crowns per euro.
But keep in mind that this graph represents the value of the crown “currency” against the euro, and not that of the coin-banknote, which is lower.
In fact, in currency suppliers in Portugal you can buy crowns at an exchange rate of between 7 crowns per euro that they would give you at the airport. And the 10.01 kroner for each euro that Cambiator would give you, a great change, but below the Norwegian krone euro exchange rate.
So, when you see these values in Google and other currency converters with your mobile, keep this in mind:
- This is an unreliable price. That is, if you click on the “Disclaimer” link, you get this warning from XE: “Nous utilisons le taux de marché moyen pour notre convertisseur. Le taux est donné à titre d’information seulement. Vous ne bénéficierez pas de ce taux lors d’un envoi d’argent. ”
- These rates that you see are usually wholesale prices of the krona currency against the euro currency (currency and paper money are not the same).
- This price can only be obtained by banks among themselves, that is, it is impossible to obtain it as an individual.
If you need crowns in banknotes you will have to go through the retail ticket market (bank or currency supplier). This market means that Norwegian kroner have had to be “carried” by someone for you to enjoy (or previously purchased from travelers from Norway passing through Portugal).
In other words, moving banknotes from one place to another has logistical costs that will make its sale price more expensive (the exchange rate that whoever sells it will apply to you).
The crown is a coin/currency that is not very common or abundant in Portugal, so it is not so easy to find it available for sale. Therefore, it is good to anticipate the purchase and order it online to obtain a better rate.
Where to exchange Norwegian kroner in Portugal
The 3 most popular places to exchange NOK in Portugal are banks, high street currency suppliers, and currency suppliers at the airport.
Of these, the least recommended place to buy are the airports and any business that charges you a commission in addition to an “exchange margin” (difference between the price for which the currency was paid and the price for which it is sold to you).
Euro to Norwegian krone exchange rate today
To find out the euro to Norwegian krone exchange rate, the best thing you can do is use our currency comparator:
- Buy Norwegian kroner with euros (EUR-NOK)
- Sell your Norwegian kroner for euros (NOK-EUR)