About USD/NOK
USD/NOK is closely tied to crude oil prices - Norway is Western Europe's largest oil and gas producer, and the krone often trades as a petrocurrency. When Brent crude rises, NOK strengthens and USD/NOK falls; when oil declines, the pair rises. Norges Bank interest rate decisions and Norwegian CPI data are the domestic catalysts. Norway's substantial sovereign wealth fund (the Government Pension Fund Global) adds another dimension: changes in the fund's investment strategy or repatriation flows can move the krone. Daily ranges average 700-1,500 pips (0.07-0.15 NOK), with spreads of 15-35 pips. The pair is most liquid during the London session. USD/NOK tends to produce sustained trends on weekly charts driven by oil price cycles, making it suitable for position traders who follow energy markets.
Historical Rates - Last 7 Days
| Date | Close | Change |
|---|
| 2026-08-22 | 9.3299 | -0.81% |
| 2026-08-23 | 9.3438 | +0.15% |
| 2026-08-24 | 9.3041 | -0.42% |
| 2026-08-25 | 9.2976 | -0.07% |
| 2026-08-26 | 9.3148 | +0.18% |
| 2026-08-27 | 9.3459 | +0.33% |
| 2026-08-28 | 9.3117 | -0.37% |
See full price history on the historical rate lookup tool.
Frequently Asked Questions
What is the pip value for USD/NOK?
One standard lot (100,000 units) on USD/NOK has a pip value of approximately $10.00. The minimum price increment (tick) is 0.00001. A pip is typically the fourth decimal place for this pair, meaning 1 pip = 0.0001 for most pairs.
What time is USD/NOK most active?
USD/NOK sees its highest trading volume during the London session. As an exotic pair, liquidity can thin significantly outside of the primary sessions listed above. Spreads widen and slippage increases during off-hours.
What economic events affect USD/NOK most?
The most impactful events for USD/NOK come from the USD and NOK economies. US releases — non-farm payrolls, CPI, FOMC rate decisions, and GDP — are among the most market-moving events globally. A surprise in any of these can shift the pair 50–100 pips within minutes. The upcoming events section above lists the specific releases scheduled in the next two weeks.