Money and prices in Norway. Currency in Norway What currency to take to Norway
You can only pay in Norwegian kroner in Norway.
How much money to take to Norway
Prices in Norway are comparable to European ones. To calculate upcoming costs, we recommend planning your trip in advance, thinking about what kind of transport you will use on your trip, whether you plan to travel to several cities, how much you are willing to spend on food per day, etc.
Norway has luxury hotels and budget hostels. To calculate your travel budget, we suggest that you familiarize yourself with approximate prices in Norway.
Approximate prices in Norway
- Dinner with wine in a good restaurant: 800 CZK (100 €)
- Set lunch in a cafe: 300 CZK (35 €)
- Bottle of good wine: 250 CZK (30 €)
- Hot dog at a kiosk: 30 CZK (3.5 €)
- Bottle of water: 12 CZK (1.5 €)
- Glass of beer at the bar: 70 CZK (8 €)
- Double room in an inexpensive hotel: 800 CZK (100 €) /night
- Double room in an average hotel: 1500 CZK (180 €) /night
- Car rental: from 2800 CZK (350 €) / 7 days
- Bus ticket (adult): 40 CZK (5 €)
Currency exchange in Norway
You can exchange money in Norway at airports, ports, tourist centers, and banks.
Opening hours of exchange offices in Norway: 08:00-15:00, in tourist areas 08:00-19:00, at airports/ports around the clock.
On weekends, most exchange offices are closed.
Currency exchange in Norway is not a profitable procedure. Almost all exchange offices charge a commission of 2 to 10%. The most economical way to use a credit card in Norway. A small amount of cash is useful for paying for travel, in small shops, and some museums.
Credit cards in Norway
In Norway, credit cards are accepted almost everywhere, in hotels, restaurants, parking lots, etc. The most common plastic cards: Eurocard, Mastercard, Visa, American Express and Diners Club.
Tipping in Norway
Tipping in Norway is usually included in the bill and is not mandatory. You can leave a tip of 5-7% if you are very pleased with the service.
A tip of 10% of the amount spent is considered very generous in Norway.
In hotels, it is not customary to leave a tip for the maid and porter. In a taxi, the total fare is usually rounded up.
Banks in Norway
The central bank of Norway is Norwegian Bank (Norges Bank). There are also branches of many international banking companies in Norway.
Banking hours in Norway: Mon-Fri 09:00-15:30, Sat, Sun - days off.
How to save money in Norway
An informed tourist probably already knows how expensive the country of Norway is. This applies to transport, food, clothing and accommodation, as well as much more.
While for Norwegians their prices do not seem so high, since income levels in Norway are far from low (although we should not forget that many Norwegians often travel to neighboring Sweden for shopping), the cost of goods and services comes as an unpleasant shock for tourists.
Buying Norwegian currency also does not have a positive effect on a tourist’s budget. The Norwegian currency is one of the most expensive on the foreign exchange market, and to buy, for example, a thousand Norwegian kroner, which, in fact, is not that much money, you will have to pay a considerable amount.
However, even in such an expensive country as Norway, you can save money by knowing how the Norwegian service works.
Currency
In Norway, it is most profitable to pay with a credit card, because thanks to automatic currency conversion, you will not lose money due to exchange rate fluctuations. They are accepted at almost every turn, however, for example, at the fish market in Bergen, or when buying a basket of strawberries from street vendors, you will not be able to pay with a credit card. In this case, you can withdraw money from an ATM with a commission or pay with the cash you already have, which is more profitable to purchase in Russia. You can exchange rubles for kroner in Norway, but not everywhere, so tourists often lose money by first exchanging rubles for euros or dollars, and only then exchanging them for kroner.
Transport
Norwegian transport is very expensive, however, and here you can find ways to save money. Don’t forget that Norwegians widely use the system of benefits and discounts on different types of transport; you just have to take a closer look at the website of the transport organization before booking a ticket. For example, on the Norwegian Railways website (www.nsb.no) you can purchase tickets at a special price of only 199 or 299 kroner. A standard ticket from Oslo to Bergen will cost you 788 kroner. But if you buy a ticket as early as possible and are not sure that you will not have to return it, then you can take advantage of a special price (minipris). Yes, this price does not give you the opportunity to get your money back if you cancel your trip, but the opportunity to significantly save money is very attractive.
Don't forget to take advantage of discounts if you are a student, retiree or military personnel. Military personnel and students may need special international certificates confirming their status.
But if you are no longer a student, but have not reached 25-26 years old, do not despair. Many transport organizations provide discounts for youth (Youth category), which are almost as big as discounts for students.
A real find for tourists can be the transport company Lavprisexpressen, that is, the budget express (https://lavprisekspressen.no). Buses of this company can take you from Oslo to Trondheim or Stavanger for a reasonable price. Moreover, the comfort of the bus leaves no criticism. Free wi-fi, wide free seats on the first and second floors of the bus, tables and a clean toilet. Very often the bus is only a third full, which allows the tourist to take several seats at once and sleep.
Accommodation
Of course, first of all, it’s worth taking a closer look at more budget hotels in Norway. After all, their budget does not mean a worse quality of service compared to luxury hotels. There is no point in looking for especially luxurious hotels in Norway, because this country, like Sweden, values comfort more than luxury. That is why you should take advantage of tourist reviews and choose a hotel not by the number of stars, but by those parameters that are more convenient for you.
Don't be afraid to stay in hostels either. Although this type of accommodation is considered more youthful, however, as a rule, peace and order are maintained in Norwegian hostels, and people of different ages can stay in them.
If you want to stay in a hotel, with all the amenities in the room, we recommend that you monitor special promotions on hotel websites. Sometimes, taking advantage of a promotion, you can pay as much for a night’s stay in a hotel as you would pay for a bed in a hostel. It is also worth paying attention to the questionnaires that you can often fill out while staying at the hotel. If you have stayed at the same hotel several times, it is possible that you, as a regular customer, will be given the opportunity to stay there for free.
Nutrition
Food is another example of the high cost of living in the country of the fjords. It is easier for a tourist to buy a kebab for 50 crowns in one of the kebab cafes on Karl Johans Gate (the main street of Oslo - author's note) than some healthier dish in a cafe or restaurant, however, you cannot live long on such food.
And yet, if you are going to a cafe or restaurant, do not forget that in almost all catering places in Norway, water is free and publicly available. Therefore, when ordering a dish at a restaurant, you can at least save on drinks. The water in Norway is clean and tasty. You can and should drink it straight from the tap. In restaurants, you can get it in a jug (if it is not within sight, ask the waiter for the jug), or in a special machine, similar to coffee machines. Free water is your right and you should get it.
Don’t forget that cheaper restaurants are located a little further from the center, or somewhere around the corner, and are not so noticeable. Sometimes you can find dishes there at more affordable prices than in other restaurants, but no worse in quality. And portions, as a rule, are large everywhere in Norway.
Traditional Norwegian food is by no means cheap, but some Norwegian products can also be purchased in supermarkets. Look carefully at the prices; discounts are possible on many products. Try to buy food not in central stores, but in supermarkets like Kiwi. Food is bought there by ordinary Norwegians who know where they can buy it cheaper.
If you buy water or beer in plastic and aluminum containers, you can return them using a special machine, which, as a rule, is located at the entrance to the supermarket. Typically, the can or bottle has a special PANT symbol on it and the amount you can get when you return it. For example, 1kr. Thus, for each bottle or can you can get from one crown and more. Returning containers in Norway is not considered the province of alcoholics or the poor, so calmly take the bottles to the machine, receive a receipt with the amount you have accumulated, and present it to the cashier when paying for your purchases. If the check, for example, costs 10 kroons, then when buying food or drinks you will pay 10 kroons less.
Cloth
Don't expect to find fancy clothes in Norway. Like everything else in this country, clothing is primarily distinguished by practicality and comfort. If you decide to buy a traditional Norwegian sweater, consider whether you'll actually be wearing it for many years before shelling out an arm and a leg for it, and these hand-knitted sweaters are indeed very expensive.
If you look for similar sweaters in other stores, you can find a cheaper sweater made in the same pattern, but knitted from a more artificial yarn.
Overall, even in this expensive country you can find ways to save money. The main thing is not to forget that even in Norway they are interested in attracting more tourists, which means there are many discounts, benefits and special offers.
Material prepared by: Nina Dyachenko (BNIC)
Norway is far from the most popular country among Russians and residents of other CIS countries. However, it is in stable demand. In our opinion, Norway has not become so popular among Russians for the reason that prices are high here. The vacation will cost a pretty penny. After all, this northern European country is one of the most expensive in the world. What are the prices in Norway in 2016-2017? How much does a vacation cost? Let's draw up an approximate budget for a week's vacation. Prices here are more expensive than even in expensive Western European countries, for example, Germany, Spain, Italy, etc.
No. 1. What is the currency in Norway?
Where can I exchange money? What currency is best to take with you? The national currency is the Norwegian krone (symbol Kr). The best option would be to exchange Russian rubles for Norwegian kroner back home in Russia. The thing is that local exchange offices and banks charge a large commission, which usually ranges from 2% to 5%.
Norwegian currency information:
- The following banknotes are in circulation: 50, 100, 200, 500 and 1000 kroner.
- The following coins are in circulation: 1, 5, 10 and 20 crowns.
Where can you exchange dollars or euros in Norway?
- Exchange offices
- Stations
- Airports
- Hotels
- Banks
- Post offices
You will pay the lowest commission for exchange transactions at exchange offices and banks.
Currency value at the time of writing (July 2016)
- 1 Norwegian krone – 7.58 Russian rubles.
- 1 euro – 9.4 Norwegian krone
- 1 dollar – 8.57 Norwegian krone
No. 2. How much does it cost to vacation in Norway?
It all depends on how you are going to visit Norway - on a tourist package or on your own.
A week-long tour with accommodation in a three-star hotel in Oslo will cost from 107,000 rubles. The tour price includes flights, accommodation, transfer and breakfast.
Information for independent travel
- Flights on the Oslo-Moscow-Oslo route for two people will cost from 40,000 rubles.
- The cost of renting a one-bedroom apartment will cost from 7,000 to 12,000 Kr per month.
No. 3. How much does a visa to Norway cost?
To visit this country you will need to obtain a Schengen visa. Its cost for Russian citizens is 35 euros. In rubles (at the exchange rate on July 26, 2016) it will be 2556 rubles.
If you need to urgently apply for a visa, then in this case it will cost 70 euros.
No. 4. What are the prices for food in Norway in supermarkets and stores?
Considering that prices in cafes and restaurants are rather high, it is cheaper to eat on your own. In this case, you can purchase products in stores and supermarkets. For Russians, food prices may seem very high. The fact is that in Norway, wages are high (about 3,000 euros per month) and costs are equally high. Read information about other countries in the section.
Price statistics:
- 1 liter of milk – from 15 to 20 kr
- Loaf of bread – 26 kr
- 12 eggs – 32 kr
- Chicken fillet (boneless) for 1 kg – 106 kr
- 1 kg of cheese – 90 kr
- Kilo of beef from 180 kr
- Apples for 1 kg – 20.83 kr
- Bananas for 1 kg – 18.01 kr
- Oranges for 1 kg – 21.82 kr
- Tomatoes for 1 kg – 25.20 kr
- Potatoes for 1 kg – 16.79 kr
- Bottle of water 1.5 liters – 20.71 kr
- Bottle of beer 0.5 liter -27.56 kr
- A pack of imported cigarettes – 105 kr
- 1 kg of fresh fish – 60-80 kr.
For the local population with such high wages, which are almost 5-8 times higher than Russian ones, prices seem quite normal. For Russian tourists they seem catastrophically high.
No. 5. Where to eat in Norway? Cafes, restaurants and fast food establishments
The high standard of living and developed infrastructure influenced the development of public catering. There are various establishments operating throughout the country: from fast food to expensive restaurants with exorbitant prices.
- Fast food establishments. These establishments include McDonald's and local fast food restaurants. You can have a hearty meal in such places for 100 CZK per person. For approximately the same amount you can have a snack at street shopping kiosks and tents. They mainly sell hot dogs, French fries, pizza and other similar foods at relatively reasonable prices.
- Cafes and bars. In these establishments you can taste delicious and healthy food for relatively little money. The average bill for 1 person is 160 CZK (about 18-20 euros). Therefore, a delicious lunch for two will cost an average of 320 CZK.
- Restaurants. As in any other country, they are considered the most expensive establishments. Dinner or lunch for two people will cost 800 CZK.
How much do drinks cost in cafes and restaurants?
- A cup of cappuccino – 37 kr.
- A glass of water (0.33 l) – 24 kr.
- Glass of soda (0.33 l) – 28 kr.
- Beer (0.5 l) – 80 kr.
No. 6. Cost of public transport, taxis and gasoline
- 1 ticket for public transport – 30-32 kr.
- Taxi for 1 km – 14.00 kr.
- 1 liter of 95 gasoline will cost 14.12 CZK.
Read other publications:
Independent holiday in Montenegro. What are the prices? How much money is needed?
The monetary unit of Norway is the Norwegian krone, which is divided into 100 øre. In cash circulation there are banknotes in denominations of 50, 100, 200, 500 and 1000 Norwegian kroner. International designation - NOK. The Norwegian krone was introduced by law on April 17, 1875 in connection with Norway's entry into the Scandinavian Monetary Union. Prior to this, the country's currency was the specidaler, circulated in the form of a silver coin. Until 1917, in addition to national money, there were banknotes and coins of Sweden and Denmark in circulation.
From March 18, 1973 to December 11, 1978, Norway participated in a system of narrowed limits for deviations of mutual exchange rates of countries that were members of the Common Market (although it was not part of the EEC). On December 12, 1978, in connection with the upcoming creation of the European Monetary System, Norway left the system of limited exchange rate fluctuations and, from January 1979, switched to establishing the kroner exchange rate based on a basket of currencies.
The obverse side of the 50 Norwegian kroner contains an image of a portrait of the poet and journalist Osmunn Vinje, the reverse side is decorated with a bas-relief depicting a warrior fighting a mythical creature. The predominant color is green. On the front side of the 100 Norwegian kroner note is a portrait of the 19th century Norwegian writer, Camilla Collet, and the back contains an image of a rosette. The dominant color is burgundy.
The front side of the 500 Norwegian kroner banknote features a portrait of the famous composer Edvard Grieg, and the reverse is decorated with a floral design. The predominant colors are blue and cyan. The obverse side of 1000 Norwegian kroner contains a portrait of the poet S.M. Falsen; on the reverse side of the banknote there is a bas-relief depicting a lion. The main color is purple.
You can freely bring currency into Norway in an amount not exceeding NOK 25,000. If the amount exceeds the specified limit, then it is necessary to fill out a special customs declaration. There are no restrictions when using traveler's checks.
|
Norwegian krone. 50 NOK banknote, obverse (front side) |
|
Norwegian krone. 50 NOK banknote, reverse (back side) |
|
|
|
Norwegian krone. 100 NOK banknote, obverse (front side) |
|
|
|
Norwegian krone. 100 NOK banknote, reverse (back side) |
|
|
|
Norwegian krone. 200 NOK banknote, obverse (front side) |
|
|
|
Norwegian krone. 200 NOK banknote, reverse (back side) |
|
|
|
Norwegian krone. 500 NOK banknote, obverse (front side). |
|
|
|
Norwegian krone. 500 NOK banknote, reverse (back side). |
|
|
|
Norwegian krone. 1000 NOK banknote, obverse (front side). |
|
|
|
Norwegian krone. 1000 NOK banknote, reverse (back side). |
|
|
.jpg)
Metal crowns and øre - modern coins of Norway
In circulation there are coins in denominations of 50 ore and 1, 5, 10, 20 crowns.
Norway's last gold coins were issued in 1910. During the German occupation in World War II, zinc was used instead of copper-nickel in the 10, 25 and 50 öre coins, and production of the 1 crown coin was suspended.
In 1963, the 5 crown coin was introduced, and in 1972, production of 1 and 2 öre coins was discontinued. In 1973, the size of the 5 öre coin was reduced, with their production ceasing in 1982, along with the 25 öre coins. The 10 crown coin was issued in 1983. Between 1994 and 1998, new coins were introduced into circulation, consisting of 50 öre, 1, 5, 10 and 20 crowns.
The 10 and 20 kroner coins feature a portrait of the monarch of Norway. Previously, the portrait of the monarch was also present on the 1 and 5 crown coins, but now these denominations are designed only using stylistic royal national symbols. The monarch's royal motto (King Harald's motto is "Alt for Norge" - All for Norway) is also minted on the 10 kroner coin.
According to the Central Bank of the Russian Federation as of August 30, 2019, the price for 10 Norwegian krone(NOK) is 7.3717 Russian ruble(RUB). Compared to the previous working day, the change was +0,0060 Russian ruble. To view the archive of the Norwegian krone exchange rate, click on the “Today” link and select the desired date using the calendar.
This chart will help you quickly receive information about quotes of the Norwegian krone against the ruble on the Forex market in real time. The user is given the opportunity to customize the terminal according to his preferences, choosing the style of bars and customizing indicators. Updated online, NOK/RUB currency quotes reflect real-time Forex trading.
| date | Central Bank rate | Change | Percent |
|---|---|---|---|
| Tomorrow, Sat | 10 NOK = 73.09 RUB | -0,63 RUB | -0,85 % |
| Today, Fri | 10 NOK = 73.72 RUB | +0,06 RUB | +0,08 % |
| Yesterday, Thu | 10 NOK = 73.66 RUB | +0,09 RUB | +0,12 % |
| August 28, Wed | 10 NOK = 73.57 RUB | +0,10 RUB | +0,13 % |
| August 27, Tue | 10 NOK = 73.47 RUB | +0,38 RUB | +0,52 % |
| August 24, Sat | 10 NOK = 73.1 RUB | -0,12 RUB | -0,16 % |
| August 23, Fri | 10 NOK = 73.22 RUB | -0,73 RUB | -0,99 % |
| August 22, Thu | 10 NOK = 73.95 RUB | -0,37 RUB | -0,50 % |
| August 21, Wed | 10 NOK = 74.32 RUB | +0,33 RUB | +0,45 % |
| August 20, Tue | 10 NOK = 73.98 RUB | +0,92 RUB | +1,26 % |
| August 17, Sat | 10 NOK = 73.06 RUB | -0,45 RUB | -0,61 % |
| August 16, Fri | 10 NOK = 73.51 RUB | +0,17 RUB | +0,23 % |
| 15 August, Thu | 10 NOK = 73.35 RUB | -0,15 RUB | -0,20 % |
| August 14, Wed | 10 NOK = 73.49 RUB | +0,23 RUB | +0,31 % |
Dynamics of the official exchange rate of the Norwegian krone to the ruble according to the Central Bank of Russia
The graph shows the dynamics of changes in the value of 10 Norwegian krone (NOK) against the ruble (RUB). Using quick links or the horizontal ruler under the graph, you can select any time period that interests you.
For the period you selected, the minimum price is 10 Norwegian krone was ($ min|number:4 $) Russian ruble. It was ($min|date:"d MMMM yyyy"$) years. Maximum price for 10 Norwegian krone was fixed ($max|date:"d MMMM yyyy"$) year and was equal to ($max|number:4$) Russian ruble.
Cross-currency rates from the Central Bank of the Russian Federation
Cross exchange rates are prepared based on the official exchange rate of the Russian ruble to foreign currencies, established by the Central Bank of the Russian Federation as of August 30, 2019.
| Currency | Cross course |
|---|---|
| Ruble to Norwegian krone | 1 RUB = 0.1357 NOK |
| Norwegian krone to Australian dollar | 10 NOK = 1.6389 AUD |
| Norwegian krone to Azerbaijani manat | 10 NOK = 1.8737 AZN |
| Norwegian krone to Armenian dram | 10 NOK = 526.2568 AMD |
| Norwegian krone to Belarusian ruble | 10 NOK = 2.3106 BYN |
| Norwegian krone to Bulgarian lev | 10 NOK = 1.9499 BGN |
| Norwegian krone to Brazilian real | 10 NOK = 4.6044 BRL |
| Norwegian Krone to Hungarian Forint | 10 NOK = 329.0629 HUF |
| Norwegian Krone to Korean Won | 10 NOK = 1,339.1671 KRW |
| Norwegian krone to Hong Kong dollar | 10 NOK = 8.6639 HKD |
| Norwegian Krone to Danish Krone | 10 NOK = 7.4343 DKK |
| Norwegian krone to dollar | 10 NOK = 1.1044 USD |
| Norwegian krone to euro | 10 NOK = 0.9968 EUR |
| Norwegian krone to Indian rupee | 10 NOK = 79.233 INR |
| Norwegian krone to Kazakh tenge | 10 NOK = 427.8261 KZT |
| Norwegian krone to Canadian dollar | 10 NOK = 1.4672 CAD |
| Norwegian krone to Kyrgyzstani som | 10 NOK = 76.9783 KGS |
| Norwegian krone to Chinese yuan | 10 NOK = 7.8983 CNY |
| Norwegian krone to Moldovan leu | 10 NOK = 19.6698 MDL |
| Norwegian krone to Turkmen manat | 10 NOK = 3.86 TMT |
| Norwegian krone to Polish zloty | 10 NOK = 4.3724 PLN |
| Norwegian krone to Romanian leu | 10 NOK = 4.7157 RON |
| Norwegian Krone to SDR (Special Drawing Rights) | 10 NOK = 0.8056 XDR |
| Norwegian krone to Singapore dollar | 10 NOK = 1.533 SGD |
| Norwegian krone to Tajikistani somoni | 10 NOK = 10.6963 TJS |
| Norwegian krone to Turkish lira | 10 NOK = 6.4272 TRY |
| Norwegian krone to Uzbek sum | 10 NOK = 10,381.5648 UZS |
| Norwegian krone to hryvnia | 10 NOK = 27.8492 UAH |
| Norwegian krone to pound sterling | 10 NOK = 0.9055 GBP |
| Norwegian Krone to Czech Koruna | 10 NOK = 25.7695 CZK |
| Norwegian Krone to Swedish Krona | 10 NOK = 10.7416 SEK |
| Norwegian krone to Swiss franc | 10 NOK = 1.0847 CHF |
| Norwegian Krone to South African Rand | 10 NOK = 16.9464 ZAR |
| Norwegian krone to Japanese yen | 10 NOK = 117.2842 JPY |
Norwegian krone information
The Norwegian krone is the currency of the Kingdom of Norway. Bank code - NOK. There are 100 öre in 1 crown, but now money less than 1 crown has been withdrawn from circulation. Current banknotes: 50, 100, 500 and 1,000 kroner. Coins of 1, 5, 10 and 20 crowns. Norwegian banknotes feature images of writers, scientists, artists and painters. But in 2017, the design of the banknotes will change - the competition for the best sketch of the new banknotes has already ended.
History of the Norwegian currency
It is believed that coins first appeared in Norway at the end of the 10th century during the reign of King Olaf I. Since the 17th century. the coins were minted from silver, which was mined in Kronsberg in southern Norway. The first banknotes went into circulation in 1695, and they were issued not by the king or the state, but by the entrepreneur Thor Molenn, who had a contract for this operation. But the enterprise failed because the Norwegians were not ready to give up silver coins in favor of a piece of paper with a military seal.
Norway at that time was part of Denmark. In 1736, the Danish-Norwegian Bill of Exchange Bank made a second attempt to issue banknotes. In 1791, this bank received the right to issue issues, and in 1813, the Riksbank. In 1814, Norway became part of Sweden, but parliament in 1816 decided to create a National Bank. Norway's new money was called speciedaler. Since 1874, the Norwegian krone switched to the gold standard, and the country joined the Scandinavian Monetary Union. The gold standard was abolished only in 1931. Until 1917, in addition to the Norwegian krone, the money of Denmark and Sweden was in circulation.
In 1940, the Norwegian Bank emigrated to London, and gold reserves were placed in the UK, USA and Canada. Banks in Norway were controlled by the occupation authorities. Reichsmarks were not issued for circulation during the war, but the Bank of Norway had to exchange military Reichsmarks for kroner, crediting the equivalent amount in Reichsmarks at the rate of 1 to 1.67 kroner to an account in the Reichsbank. As a result, the money supply increased 5 times. In 1945, banknotes were exchanged for new ones in a 1:1 ratio, and 1 and 2 crown notes were withdrawn from circulation.
After the war, the crown was pegged to the pound sterling at a ratio of 20.1, and in 1949 - to the American dollar - 7.142. 1. In 1992, there was a transition to a floating exchange rate, quotes began to be determined by the market, supply and demand. In the early nineties, Sweden was experiencing an economic crisis, and the Norwegian krone came under significant pressure, but survived.
Norway's main export is oil, and at the beginning of the new century the national currency strengthened significantly due to high hydrocarbon prices. The maximum quotation was noted in 2002, the price of the crown was more than $0.11. However, later Norway was affected by the global financial crisis, the kroner dropped to $0.05. In the fall of 2014, the Norwegian currency is worth $0.15. You can buy a crown for 6.88 Russian rubles.
The Norwegian krone is freely convertible, transactions with it are carried out on Forex. The exchange rate of this currency depends on world energy prices and high domestic interest rates.
Economy of Norway
The economy of this country is highly developed, as in all Scandinavian countries. The state constantly monitors the development and implementation of new and long-term development strategies for both individual key companies and the economy as a whole. State programs are always perfectly balanced and diversified. In addition to oil, gas and gas condensate, Norway has iron ore, coal, titanium, copper, nickel, and pyrites. The presence of mineral resources, as well as long sea coasts, contribute to the diversification of Norwegian industry.
The country has developed ferrous and non-ferrous metallurgy, mechanical engineering, and shipbuilding. Norway produces radio electronics, turbines, electric locomotives, cars, and equipment. Electrical instrument making, electrochemistry, woodworking and pulp and paper industries are actively developing. Also well known in the world are goods produced by the textile, footwear, fish processing and food industries.
A small country with a small population deservedly occupies a worthy place in the economy of the European Union, corresponding to the rank of developed countries in the world in all indicators without exception.
How much will
For convenience, a quick “calculator” is provided to help you understand which banknote costs how much. The information is current as of August 30, 2019 according to the Central Bank.
| Currency | Conversion |
|---|---|
| 5 NOK | RUB 368,585 |
| 10 NOK | RUB 737.17 |
| 25 NOK | RUB 1,842,925 |
| 50 NOK | RUB 3,685.85 |
| 100 NOK | RUB 7,371.7 |
| 250 NOK | RUB 18,429.25 |
| 500 NOK | RUB 36,858.5 |
| 1,000 NOK | RUB 73,717.0 |
| 2 500 NOK | RUB 184,292.5 |
| 5,000 NOK | RUB 368,585.0 |
| 10,000 NOK | RUB 737,170.0 |
| 25,000 NOK | RUB 1,842,925.0 |
| 50,000 NOK | RUB 3,685,850.0 |
| 100,000 NOK | RUB 7,371,700.0 |
