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Norwegian Krone (NOK)

Norway — Norges Bank

Norwegian krone — oil-linked Scandinavian currency with one of the world's most active sovereign wealth funds behind it.

FX Session:
London
USD/NOK
9.78143
USD/NOK Exchange Rate
NOK country and API coverage
Tracked indicators 30

Catalogue entries available for this market.

Published latest rows 8

Indicators with recent values loaded for this page.

Source groups 5

Publisher groups represented in coverage metadata.

Primary FX pair USD/NOK

Displayed with the chart and linked market workflows.

NOK currency market profile

Core identifiers, trading context, and product links for Norway coverage.

Currency code NOK

Norwegian Krone

Policy institution Norges Bank

Primary central-bank or monetary authority reference.

Primary USD pair USD/NOK

Fast path into the FX pair dashboard and market profile.

Trading session London

Approximate primary liquidity window used across FXMacroData pages.

Symbol kr

Display symbol used in product surfaces.

Also known as krone

Common market shorthand where available.

Norway macro brief

The highest-signal pages for Norway include Central Bank Policy Rate, Inflation Rate (CPI/HICP), Core Inflation, Gross Domestic Product (GDP) Growth, with each page linking back to the source metadata, release history, and API endpoint.

The Norwegian krone (NOK) is the official currency of Norway. It is one of the most oil-sensitive currencies in the world, given Norway's large petroleum sector and the role of the Government Pension Fund Global (the 'oil fund').

Norges Bank sets the policy rate eight times per year, with a 2% inflation target. Four of its meetings include a Monetary Policy Report with updated growth, inflation, and rate-path forecasts.

What to watch
  • Norges Bank monetary policy decision and Monetary Policy Report.
  • Norway CPI and core CPI.
  • Brent crude oil and gas prices.
  • Norges Bank's published daily FX purchases.
  • EUR/NOK as the dominant trading pair.
Economic Indicators
Indicator Latest Previous Change Date Data starts
Policy Rate 4.0 4.0 0.00 2025-09-19 2000-01-03
Inflation 3.0 3.3 -0.30 2025-06-30 2024-01-31
Core Inflation 3.1 3.09 +0.01 2025-06-30 2003-12-31
Gdp 4.0 4.0 0.00 2025-09-19 2019-01-02
Unemployment 4.8 4.7 +0.10 2025-06-30 2009-03-31
Trade Balance 46.875 53.745 -6.87 2025-06-30 2005-01-31
Retail Sales 0.96 0.96 0.00 2025-06-30 2000-01-03
Ppi -2.0 -0.7 -1.30 2025-06-30 2000-12-31
NOK API docs and available data

This replaces the separate currency API hub. Search the full NOK catalogue, then open detailed endpoint docs for any published indicator.

Economy 11 endpoints

Business Confidence

Survey-based measure of business executives' outlook on economic conditions, production, and investment plans.

Quarterly Index (0-100 normalized) Statistics Norway
Data starts 2000-03-31 Latest available 2026-03-31
/api/v1/announcements/nok/business_confidence
Endpoint docs Indicator overview

Core Inflation

CPI excluding volatile items like food and energy.

Monthly %YoY Statistics Norway
Data starts 2003-12-31 Latest available 2026-05-31
/api/v1/announcements/nok/core_inflation
Endpoint docs Indicator overview

Current Account Balance

Measures trade in goods and services and income flows.

Quarterly NOK bn Statistics Norway
Data starts 2025-03-31 Latest available 2026-03-31
/api/v1/announcements/nok/current_account_balance
Endpoint docs Indicator overview

Exports of Goods & Services

Total exports reported by ABS (AUD millions), quarterly based on national accounts.

Monthly NOK mn Statistics Norway
Data starts 2005-01-31 Latest available 2026-04-30
/api/v1/announcements/nok/exports
Endpoint docs Indicator overview

Gross Domestic Product (GDP) Growth

GDP growth: the quarterly change in the inflation-adjusted value of all goods and services produced in the economy.

Quarterly NOK bn Statistics Norway
Data starts 2019-01-02 Latest available 2026-05-08
/api/v1/announcements/nok/gdp
Endpoint docs Indicator overview

Imports of Goods & Services

Total imports reported by ABS (AUD millions), quarterly based on national accounts.

Monthly NOK mn Statistics Norway
Data starts 2005-01-31 Latest available 2026-04-30
/api/v1/announcements/nok/imports
Endpoint docs Indicator overview

Inflation Rate (CPI/HICP)

Headline inflation: the year-over-year percentage change in the Consumer Price Index (CPI), the standard measure central banks target.

Monthly %YoY Statistics Norway
Data starts 2024-01-31 Latest available 2025-12-31
/api/v1/announcements/nok/inflation
Endpoint docs Indicator overview

Producer Price Index (PPI)

Measures the average change over time in the selling prices received by domestic producers for their output.

Monthly %YoY Statistics Norway
Data starts 2000-12-31 Latest available 2026-04-30
/api/v1/announcements/nok/ppi
Endpoint docs Indicator overview

Retail Sales

Measures change in the total value of sales at the retail level.

Monthly %YoY Statistics Norway
Data starts 2000-01-03 Latest available 2026-05-08
/api/v1/announcements/nok/retail_sales
Endpoint docs Indicator overview

Trade Balance

The difference between the value of a country's exports and imports.

Monthly NOK bn Statistics Norway
Data starts 2005-01-31 Latest available 2026-04-30
/api/v1/announcements/nok/trade_balance
Endpoint docs Indicator overview

Trade-Weighted Index (NEER)

Nominal Effective Exchange Rate (NEER) measuring the value of a currency relative to a basket of trading partners' currencies, weighted by trade volumes. Published monthly by the BIS.

Monthly Index (2020=100) Norges Bank
Data starts 2025-01-31 Latest available 2026-04-30
/api/v1/announcements/nok/trade_weighted_index
Endpoint docs Indicator overview
Labor Market 5 endpoints

Employment Level

Total number of employed persons.

Quarterly Persons Statistics Norway
Data starts 2009-03-31 Latest available 2026-03-31
/api/v1/announcements/nok/employment
Endpoint docs Indicator overview

Full-Time Employment

Number of persons employed full-time.

Quarterly Persons Statistics Norway
Data starts 2006-03-31 Latest available 2026-03-31
/api/v1/announcements/nok/full_time_employment
Endpoint docs Indicator overview

Part-Time Employment

Number of persons employed part-time.

Quarterly Persons Statistics Norway
Data starts 2006-03-31 Latest available 2026-03-31
/api/v1/announcements/nok/part_time_employment
Endpoint docs Indicator overview

Labor Force Participation Rate

Ratio of the labor force to the working-age population.

Quarterly % Statistics Norway
Data starts 2009-03-31 Latest available 2026-03-31
/api/v1/announcements/nok/participation_rate
Endpoint docs Indicator overview

Unemployment Rate

Percentage of the labor force that is unemployed.

Quarterly % Statistics Norway
Data starts 2009-03-31 Latest available 2026-03-31
/api/v1/announcements/nok/unemployment
Endpoint docs Indicator overview
Money & Credit 3 endpoints

Narrow Money (M1)

Currency in circulation + transaction deposits. RBNZ column A.

Monthly NOK mn Norges Bank
Data starts 2008-01-31 Latest available 2026-04-30
/api/v1/announcements/nok/m1
Endpoint docs Indicator overview

M2 Money Supply

M1 + savings deposits (on-call). RBNZ derived: column A + B1.

Monthly NOK mn Norges Bank
Data starts 2008-01-31 Latest available 2026-04-30
/api/v1/announcements/nok/m2
Endpoint docs Indicator overview

Broad Money (M3)

M1 + savings + term deposits. RBNZ column A+B (broadest aggregate).

Monthly NOK mn Norges Bank
Data starts 2008-01-31 Latest available 2026-04-30
/api/v1/announcements/nok/m3
Endpoint docs Indicator overview
Monetary Policy 2 endpoints

Central Bank Policy Rate

Primary interest rate set by the Central Bank.

~8x/year % Norges Bank
Data starts 2000-01-03 Latest available 2026-06-18
/api/v1/announcements/nok/policy_rate
Endpoint docs Indicator overview

Risk Free Rate

Overnight lending rate between banks.

Daily % Norges Bank
Data starts 2011-09-30 Latest available 2026-06-17
/api/v1/announcements/nok/risk_free_rate
Endpoint docs Indicator overview
Government Bond Yields 5 endpoints

10-Year Government Bond Yield

Reference information for 10-Year Government Bond Yield.

Daily % Norges Bank
Data starts 2019-01-02 Latest available 2026-06-04
/api/v1/announcements/nok/gov_bond_10y
Endpoint docs Indicator overview

2-Year Government Bond Yield

Reference information for 2-Year Government Bond Yield.

Daily % Norges Bank
Data starts 2024-01-02 Latest available 2026-06-22
/api/v1/announcements/nok/gov_bond_2y
Endpoint docs Indicator overview

3-Year Government Bond Yield

Reference information for 3-Year Government Bond Yield.

Daily % RBA
Data starts Pending
/api/v1/announcements/nok/gov_bond_3y
Endpoint docs Indicator overview

5-Year Government Bond Yield

Reference information for 5-Year Government Bond Yield.

Daily % Norges Bank
Data starts 2019-01-02 Latest available 2026-06-04
/api/v1/announcements/nok/gov_bond_5y
Endpoint docs Indicator overview

Inflation-Linked Bond Yield

Reference information for Inflation-Linked Bond Yield.

Daily % RBA
Data starts Pending
/api/v1/announcements/nok/inflation_linked_bond
Endpoint docs Indicator overview
Additional Indicators 4 endpoints

Central Bank Reserves - Domestic Currency

Reference information for Central Bank Reserves - Domestic Currency.

Monthly Local Currency mn Central Bank
Data starts Pending
/api/v1/announcements/nok/cb_reserves_domestic_currency
Endpoint docs Indicator overview

Central Bank Reserves - Foreign Currency

Reference information for Central Bank Reserves - Foreign Currency.

Monthly USD mn Central Bank
Data starts Pending
/api/v1/announcements/nok/cb_reserves_foreign_currency
Endpoint docs Indicator overview

Central Bank Reserves - Gold

Reference information for Central Bank Reserves - Gold.

Monthly USD mn Central Bank
Data starts Pending
/api/v1/announcements/nok/cb_reserves_gold
Endpoint docs Indicator overview

House Prices

Indicator validated by integration tests.

Quarterly %YoY National Statistics Office
Data starts 2025-03-31 Latest available 2026-03-31
/api/v1/announcements/nok/house_prices
Endpoint docs Indicator overview
Norges Bank Press Releases

About the Norwegian Krone (NOK)

The Norwegian krone (NOK) is the official currency of Norway. It is one of the most oil-sensitive currencies in the world, given Norway's large petroleum sector and the role of the Government Pension Fund Global (the 'oil fund').

Norges Bank: monetary policy framework

Norges Bank sets the policy rate eight times per year, with a 2% inflation target. Four of its meetings include a Monetary Policy Report with updated growth, inflation, and rate-path forecasts.

What moves the NOK?

  • Norges Bank policy rate and rate-path projections.
  • Brent crude oil price.
  • Norway CPI-ATE (core CPI excluding energy and tax changes).
  • Norges Bank daily NOK FX purchases on behalf of the government.
  • Eurozone growth and EUR/NOK direction.
  • Risk sentiment and broad USD moves.

Key data and events to watch

  • Norges Bank monetary policy decision and Monetary Policy Report.
  • Norway CPI and core CPI.
  • Brent crude oil and gas prices.
  • Norges Bank's published daily FX purchases.
  • EUR/NOK as the dominant trading pair.

Frequently asked questions about the Norwegian Krone

How does oil affect the Norwegian krone?
Petroleum exports remain a meaningful share of Norway's economy and fiscal revenue. Higher oil prices typically improve the current-account position and support NOK, although Norges Bank's daily FX purchases on behalf of the government partially mute the relationship.
What is the Government Pension Fund Global?
The Government Pension Fund Global, often called the 'oil fund', is Norway's sovereign wealth fund. It receives surplus petroleum revenue and invests internationally, making it one of the largest single investors in global equities and bonds.
How often does Norges Bank meet?
Norges Bank's Monetary Policy and Financial Stability Committee makes eight policy-rate decisions per year. Four of those are 'large' meetings with a Monetary Policy Report and a rate-path projection.
All Currencies
🇺🇸 USD — US Dollar 🇪🇺 EUR — Euro 🇬🇧 GBP — British Pound 🇯🇵 JPY — Japanese Yen 🇦🇺 AUD — Australian Dollar 🇨🇦 CAD — Canadian Dollar 🇨🇭 CHF — Swiss Franc 🇳🇿 NZD — New Zealand Dollar 🇨🇳 CNY — Chinese Yuan 🇳🇴 NOK — Norwegian Krone 🇸🇪 SEK — Swedish Krona 🇩🇰 DKK — Danish Krone 🇧🇷 BRL — Brazilian Real 🇹🇭 THB — Thai Baht 🇮🇩 IDR — Indonesian Rupiah 🇵🇪 PEN — Peruvian Sol 🇳🇬 NGN — Nigerian Naira 🇮🇱 ILS — Israeli New Shekel