NOK/EUR Exchange Rate Today, Forecast & News

NOK/EUR
Norwegian Krone - Euro
Closed
0.08783+0.00035 (+0.40%)
As of: May 31, 2024 22:00 UTC
Open
0.08748
High
0.08795
Low
0.08736

Stats

Prev. Close

0.08748

Open

0.08748

Day's Range

0.08736 - 0.08795

52 Week Range

0.08323 - 0.09123

YTD Change

-1.36%

1 Year Change

3.95%

Economic CalendarAll Events

Time zone: GMT

Friday, May 31st 2024
Time	Currency	Event	Impact	Actual	Consensus	Previous
09:00	EUR	Inflation Rate YoY PrelMay	High	0.8%	0.8%	0.8%
09:00	EUR	Core Inflation Rate YoY FlashMay	Medium	2.9%	2.8%	2.7%
09:00	EUR	Inflation Rate MoM PrelMay	Medium	0.2%	0.2%	0.1%
09:00	EUR	Inflation Rate YoY FlashMay	High	2.6%	2.5%	2.4%

Monday, June 3rd 2024
Time	Currency	Event	Impact	Actual	Consensus	Previous
07:15	EUR	HCOB Manufacturing PMIMay	Medium		52.5	52.2
07:45	EUR	HCOB Manufacturing PMIMay	Medium		48	47.3
07:50	EUR	HCOB Manufacturing PMI FinalMay	Medium		46.7	45.3

NOK/EUR

The NOK/EUR, a pairing of the Norwegian Krone and the Euro, delves into the intricate financial landscapes of Northern and Continental Europe. While the Euro stands as a testament to the collective economic might of 19 diverse European nations, the Norwegian Krone resonates with Norway's energy-rich foundation, particularly its dominance in oil and gas. This pairing reveals the complex economic dynamics between Norway, a nation not part of the EU but deeply connected through various agreements, and the Eurozone. Key influencers of this pair include oil prices, European Central Bank policies, and energy trade agreements. Though the NOK/EUR might not frequently headline the forex market, it offers traders an understanding of the economic balance between an oil-rich European powerhouse and the broader Euro bloc.

	Norway		Euro Area
Interest Rate	4.5% May 24		4.5% Apr 24
Inflation Rate	3.6% Apr 24		2.6% May 24
Credit Ratings	Moody's	S&P	Moody's	S&P
Credit Ratings	AaaStable	AAAStable	N/A	N/A

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Currencies

NOK/EUR

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