An overseas holiday begins with finding the best forex rates and a reliable foreign currency exchange vendor. If you are looking for the current INR to NOK exchange rate or want to know more about Norway, then you have arrived at the right place.
Importance of the Norwegian Krone
The NOK is the abbreviation of the Norwegian Krone. It is the official currency of Norway. The work krone is derived from the word 'crown'. The Norwegian Krone is abbreviated as NOK while the symbol of this currency is 'KR'. The Norwegian Krone is considered one of the most stable currencies in the world.
Introduction of the Norwegian Krone
The Norwegian Krone was introduced in the year 1875. It replaced the 'specidaler' a currency used by Norway from 1816 to 1875. In the year 1875, Norway joined the SMU or Scandinavian Monetary Union. However, in the year 1914, the Scandinavian Monetary Union was dissolved but the three Scandinavian countries namely Norway, Sweden, and Denmark kept their respective Krone namely the Norwegian Krone, the Danish krone, and the Scandinavian Krone. The Bank of Norway called the Norges Bank is the legal authority to print and circulate the Norwegian Krone. The current denominations of banknotes and coins in circulation are as under:
1. Banknotes: 50 kr, 100 kr, 200 kr, 500 kr, and 1000 kr
2. Coins: 1 kroner, 5 kroner, 10 kroner, and 20 kroner
Factors that affect the exchange of the Norwegian Krone to INR
The currency exchange rate is volatile and is subject to change daily. The factors that affect the exchange rates of the Norwegian Krone to the Indian Rupee are listed below:
1. The inflation rate is one of the most important factors that affect the foreign exchange rate in the global forex market
2. The trade relations between both countries determine the currency exchange rates
3. The interest rates offered by banks play an important role to attract foreign investments. Thus, higher the interest rates higher will be foreign investment thereby appreciating the value of the exchange rate. However, if the interest rates are constantly kept high it is also an indicator of high inflation. So, understanding closely all the factors is very important
4. The commodity prices affect the currency exchange rate in the international forex market
Convert Norwegian Krone to INR Online as per Today's Conversion Rate
To convert the Norwegian Krone to the Indian Rupee you need to know the current currency exchange rate of these two currencies. Once you know the conversion rate of both the currencies then converting the Norwegian Krone to the Indian Rupee is very simple and quick. Let us convert 5000 NOK to INR.
Today's current exchange rate between NOK and INR is 1 NOK is equal to 7.57 INR. So, 5000 NOK is equivalent to 37, 838.57 INR.
Convert Norwegian Krone to INR
As stated above we have learned to convert NOK to INR. Let us understand the conversion of INR to NOK. For converting the Indian Rupee to the Norwegian Krone you need to know today's currency exchange rate. Today's INR to NOK currency exchange rate is 1 INR = 0.13 NOK. So, if you have 1,00,000 Rupees the value of it in the Norwegian Krone is 100000*0.13 = 13214.03 NOK
How are Norwegian Krone -INR Rates Determined?
The currency exchange rates are based on whether the currency is floating or fixed. A floating currency determines the exchange rate as per the performance and decisions of the government and banks of the country. While a fixed currency determines the exchange rate as per the performance of the currency it is pegged to. Another factor that determines the NOK - INR exchange rate is the demand and supply of these currencies.
Norwegian Krone and INR Overview
The Norwegian Krone and the Indian Rupee are traded closely. The below table showcases the statistics of the Indian Rupee to the Norwegian Krone.
| Details |
Last 30 days statistics |
Last 90 days' statistics |
| High |
0.13137 NOK |
0.13137 NOK |
| Low |
0.12514 NOK |
0.12100 NOK |
| Average |
0.12825 NOK |
0.12683 NOK |
Whether you visit your dream destination or not depends mainly on that country’s forex rate. The official currency of Norway is the Norwegian Krone. This translates as the crown in the English language. Knowing the value of INR to NOK can improve your travel planning and help you estimate the amount of foreign currency that will be required throughout your trip.
Do you know it’s relatively cost-effective to convert rupees to Norwegian Krone in India? The process is hassle-free and it protects you from converting your INR to NOK at an inflated exchange rate in Norway.
A penny saved is a penny earned, especially when it comes to international holidays. How about you converting INR to Norway currency at the most competitive prices and reduce your travel costs? At Thomas Cook, we understand your travel needs and strive to offer the most competitive exchange rates and best deals on flights and hotels. Thomas Cook introduces its 24x7 online INR to NOK converter that enables you to find the live INR to NOK exchange rate. This eliminates the complex calculations that you may do throughout your overseas vacation.
To convert Rupees to Norwegian Krone, all you need to do is simply log on to the Thomas Cook website, fill in your details and we will deliver your travel card within 24 hours. That’s not all. If you wish, you could also personally collect your forex card from the nearest Thomas Cook branch. Our years of expertise help us offer you the most competitive INR to NOK rate in the market.
Other benefits of partnering with Thomas Cook include blocking INR to NOK exchange rate, reconversion of excess forex and 4% advance payment option. People from across the globe rely on us for all their forex and travel requirements, and it’s time you do too. We take pride in being one of the world’s leading travel partners.
What are you waiting for? Head to our website and find the on-going INR to NOK exchange rate. Still, have concerns regarding forex conversion? Visit the nearest Thomas Cook or speak to our forex expert over a call.
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