exotic pair · USD/NOK
US Dollar to Norwegian Krone: the daily ECB reference rate, a historical chart, pair specification and what drives each currency.
9.22780
-0.00250 (-0.03%)
1 USD = 9.22780 NOK · 1 NOK = 0.10837 USD · previous 9.23030 on 3 Nov 2026
USD/NOK ECB reference rate, 4 Nov 2025 to 4 Nov 2026: from 10.20490 to 9.22780 (down 9.57%). High 10.25710 on 25 Nov 2025, low 9.16900 on 13 May 2026.
256 daily observations · 4 Nov 2025 – 4 Nov 2026
Latest rate within the 12-month range
The latest rate sits at 5% of the 12-month low-to-high range.
Calculated from daily ECB reference rates — closing-type snapshots, not intraday highs and lows.
Understanding the pair
In USD/NOK the US Dollar is the base currency and the Norwegian Krone is the quote currency. The rate tells you how many NOK one USD buys, so a rising USD/NOK means the US Dollar is strengthening against the Norwegian Krone.
USD/NOK is an exotic pair: it combines a major currency with that of a smaller or emerging economy, so spreads, swap costs and the size of sudden moves are typically larger than for the majors.
Prices are quoted to 5 decimal places here. One pip is 0.0001, so on a standard lot of 100,000 USD a one-pip move is worth 10 NOK — use the pip calculator to convert that into your account currency.
Liquidity in USD/NOK is usually deepest when both home markets are open — the New York (08:00–17:00 New York time) and London (08:00–17:00 London time) sessions. See live session times on the market hours clock.
The world's main reserve and invoicing currency. The BIS 2022 Triennial Survey found the dollar on one side of about 88% of all FX trades, so US interest-rate expectations and risk sentiment ripple through almost every pair.
Central bank: Federal Reserve
Norway is a significant oil and gas exporter, so the krone often responds to energy prices. Liquidity is thinner than in the majors, which can mean wider spreads.
Central bank: Norges Bank
USD/NOK shows how many Norwegian Krone (NOK) one US Dollar (USD) buys. USD is the base currency and NOK is the quote currency. If the rate rises, the US Dollar has strengthened against the Norwegian Krone.
No. It is derived from the euro foreign exchange reference rates published by the European Central Bank once per working day around 16:00 CET. It is useful for reference, budgeting and calculator inputs, but it is not an executable trading quote — a broker's bid and ask will differ.
By convention one pip in USD/NOK is 0.0001 because the pair is quoted in NOK. On a standard lot of 100,000 USD, a one-pip move is worth 10 NOK. Brokers may quote an extra decimal (a pipette).
Liquidity is typically deepest when both home markets are open: the New York (08:00–17:00 New York time) and London (08:00–17:00 London time) sessions, and especially where they overlap.
Educational information only, not investment advice. Trading leveraged currency products carries a high risk of losing money.