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The value of the Norwegian krone compared to other currencies varies considerably from one year to another, mainly based on changes in oil prices and interest rates. In 2002 the Norwegian krone grew to record high levels against the United States dollar and the euro. On 2 January 2002, 100 kroner were worth US$11.14 ($1 = 8.98 kroner).
Danish krone: 1873–present Replaced Danish rigsdaler Faroe Islands: Faroese króna: 1949–present Form of Danish krone. Iceland: Icelandic króna: 1922–present Replaced Danish krone. Norway: Norwegian krone: 1875–present Replaced Norwegian speciedaler. [1] Sweden: Swedish krona: 1873–present Replaced Swedish riksdaler [1]
The G10 currencies are: [1] [2] [3] Australian dollar (AUD) Canadian dollar (CAD) Euro (EUR) Japanese yen (JPY) New Zealand dollar (NZD) Norwegian krone (NOK) Pound sterling (GBP) Swedish krona (SEK) Swiss franc (CHF) United States dollar (USD) In some banking circles, reference is made to the G11 currencies, which are the G10 currencies plus ...
Norwegian krone Svalbard kr øre [29] Saint Helena pound Saint Helena £ Penny [30] United Kingdom pound South Georgia and the South Sandwich Islands (United Kingdom) £ Pence [31] United States dollar Bonaire (Netherlands) $ Cent [32] [33] [34] British Virgin Islands (United Kingdom) [32] Guam (United States) [32]
The latter's conversion to 4.50 German gold marks (hence, 1 krone = 1.125 marks) established the gold parity of the krone: one gram of fine gold worth 2.79 marks was equivalent to 2.48 krone (or 0.4032 g gold per krone). [2]
The first 200 kroner banknote was first published in 1994. The others have been in use since 1877. Banknotes of 5 and 10 kroner were in use until 1963 and 1983 when they were replaced by coins. From 1917 to 1925 and 1940-1950 there was a shortage of small change, and 1 and 2 kroner banknotes were printed as "arbitration coins banknotes."
Most Norwegians don’t mind spending 2 minutes sending an sms to bid for an apartment 300.000 NOK (about 35.000 USD) over the tagged price, but they will drive several hundred kilometers in a day ...
Its value in terms of other currencies has historically been swift to change, for example against the US and Canadian dollars, and the other Nordic currencies (Swedish krona, Norwegian krone, Danish krone), and the euro. For example, during the first half of 2006, the Icelandic krona ranged between 50 and 80 per US dollar.