Euro to Norwegian Krone Exchange Rate History: 2000–2026
This page provides historical exchange rates for the Norwegian krone (NOK) against the euro (EUR) and for the euro against the Norwegian krone in Germany. It includes historical exchange rate charts, yearly trends, average rates, and historical highs and lows. You can see how the NOK/EUR and EUR/NOK exchange rates have changed over different periods and compare historical exchange rates by year.
Historical EUR/NOK Exchange Rates by Year, 2000–2026
Table 1 shows the historical development of the euro exchange rate against the Norwegian krone from 2000 to 2026. For every year, the annual average exchange rate is shown based on official Deutsche Bundesbank data 1. The table also includes the change from the previous year and the change compared with the first year of the period under review. The annual average exchange rate helps illustrate the broader trend of the EUR/NOK currency pair without placing too much emphasis on short-term fluctuations on specific dates. Because the data for 2026 is preliminary and updated daily, only completed years from 2000 through 2025 are included in the statistical indicators used to assess long-term exchange rate trends.
In 2025, the average euro exchange rate against the Norwegian krone was 11.71 NOK per 1 EUR, or 0.09 EUR per 1 NOK. Compared with 2000, the Norwegian krone depreciated by 30.7 % against the euro, corresponding to an average annual decline of about 1.46 % (CAGR). Over the same period, the euro exchange rate rose by 44.3 % against the Norwegian krone 2. The average EUR/NOK exchange rate over the entire period was 8.99 NOK per 1 EUR (while the average NOK/EUR exchange rate was 0.11 EUR per NOK), so the latest annual average euro exchange rate is 30.3 % above the long-term average.
During the period under review, the highest annual average NOK/EUR rate was 0.13 EUR per 1 NOK (equivalent to 7.47 NOK per 1 EUR) in 2012, while the lowest was 0.09 EUR per 1 NOK (equivalent to 11.71 NOK per 1 EUR) in 2025. Overall, the long-term trend indicates that the Norwegian krone has weakened against the euro.
Table 1: Annual changes 3 in the euro exchange rate against the Norwegian krone
| Year | Exchange rate 1 EUR = ... NOK | Change from previous year | Change since 2000 | Exchange rate 1 NOK = ... EUR | Trend EUR | Trend NOK |
|---|---|---|---|---|---|---|
| 2000 | 8.12 | — iIn 2000, the average euro exchange rate against the Norwegian krone was 8.12 NOK per 1 EUR, or 0.12 EUR per 1 NOK. As this is the first year in the period under review, no year-on-year change is available. There is also no change compared with the base year 2000, as the exchange rate of 1 EUR = 8.12 NOK is used as the starting point for comparison. | 0.0 % | 0.12 | ⚖ | ⚖ |
| 2001 | 8.04 | -0.9 % iIn 2001, the average EUR/NOK exchange rate was 8.04 NOK per 1 EUR, or 0.12 EUR per 1 NOK. Compared with the previous year, the euro depreciated by 0.9 % against the Norwegian krone, while NOK appreciated by 0.9 % against the euro 2. | -0.9 % | 0.12 | ▼ | ▲ |
| 2002 | 7.49 | -6.8 % iIn 2002, the average EUR/NOK exchange rate was 7.49 NOK per 1 EUR, or 0.13 EUR per 1 NOK. Compared with the previous year, the euro depreciated by 6.8 % against the Norwegian krone, while NOK appreciated by 7.3 % against the euro 2. Compared with 2000, the value of the euro against the Norwegian krone decreased by 7.7 %, while the value of the Norwegian krone against the euro increased by 8.3 %. | -7.7 % | 0.13 | ▼ | ▲ |
| 2003 | 8.03 | +7.1 % iIn 2003, the average EUR/NOK exchange rate was 8.03 NOK per 1 EUR, or 0.12 EUR per 1 NOK. Compared with the previous year, the euro appreciated by 7.1 % against the Norwegian krone, while NOK depreciated by 6.6 % against the euro 2. Compared with 2000, the value of the euro against the Norwegian krone decreased by 1.1 %, while the value of the Norwegian krone against the euro increased by 1.1 %. | -1.1 % | 0.12 | ▲ | ▼ |
| 2004 | 8.37 | +4.2 % iIn 2004, the average EUR/NOK exchange rate was 8.37 NOK per 1 EUR, or 0.12 EUR per 1 NOK. Compared with the previous year, the euro appreciated by 4.2 % against the Norwegian krone, while NOK depreciated by 4.1 % against the euro 2. Compared with 2000, the value of the euro against the Norwegian krone increased by 3.1 %, while the value of the Norwegian krone against the euro decreased by 3.0 %. | +3.1 % | 0.12 | ▲ | ▼ |
| 2005 | 8.02 | -4.2 % iIn 2005, the average EUR/NOK exchange rate was 8.02 NOK per 1 EUR, or 0.12 EUR per 1 NOK. Compared with the previous year, the euro depreciated by 4.2 % against the Norwegian krone, while NOK appreciated by 4.4 % against the euro 2. Compared with 2000, the value of the euro against the Norwegian krone decreased by 1.2 %, while the value of the Norwegian krone against the euro increased by 1.2 %. | -1.2 % | 0.12 | ▼ | ▲ |
| 2006 | 8.06 | +0.5 % iIn 2006, the average EUR/NOK exchange rate was 8.06 NOK per 1 EUR, or 0.12 EUR per 1 NOK. Compared with the previous year, the euro appreciated by 0.5 % against the Norwegian krone, while NOK depreciated by 0.5 % against the euro 2. Compared with 2000, the value of the euro against the Norwegian krone decreased by 0.7 %, while the value of the Norwegian krone against the euro increased by 0.7 %. | -0.7 % | 0.12 | ▲ | ▼ |
| 2007 | 8.01 | -0.5 % iIn 2007, the average EUR/NOK exchange rate was 8.01 NOK per 1 EUR, or 0.12 EUR per 1 NOK. Compared with the previous year, the euro depreciated by 0.5 % against the Norwegian krone, while NOK appreciated by 0.5 % against the euro 2. Compared with 2000, the value of the euro against the Norwegian krone decreased by 1.3 %, while the value of the Norwegian krone against the euro increased by 1.3 %. | -1.3 % | 0.12 | ▼ | ▲ |
| 2008 | 8.25 | +3.0 % iIn 2008, the average EUR/NOK exchange rate was 8.25 NOK per 1 EUR, or 0.12 EUR per 1 NOK. Compared with the previous year, the euro appreciated by 3.0 % against the Norwegian krone, while NOK depreciated by 2.9 % against the euro 2. Compared with 2000, the value of the euro against the Norwegian krone increased by 1.7 %, while the value of the Norwegian krone against the euro decreased by 1.6 %. | +1.7 % | 0.12 | ▲ | ▼ |
| 2009 | 8.73 | +5.9 % iIn 2009, the average EUR/NOK exchange rate was 8.73 NOK per 1 EUR, or 0.11 EUR per 1 NOK. Compared with the previous year, the euro appreciated by 5.9 % against the Norwegian krone, while NOK depreciated by 5.6 % against the euro 2. Compared with 2000, the value of the euro against the Norwegian krone increased by 7.6 %, while the value of the Norwegian krone against the euro decreased by 7.1 %. | +7.6 % | 0.11 | ▲ | ▼ |
| 2010 | 7.99 | -8.5 % iIn 2010, the average EUR/NOK exchange rate was 7.99 NOK per 1 EUR, or 0.13 EUR per 1 NOK. Compared with the previous year, the euro depreciated by 8.5 % against the Norwegian krone, while NOK appreciated by 9.3 % against the euro 2. Compared with 2000, the value of the euro against the Norwegian krone decreased by 1.6 %, while the value of the Norwegian krone against the euro increased by 1.6 %. | -1.6 % | 0.13 | ▼ | ▲ |
| 2011 | 7.81 | -2.3 % iIn 2011, the average EUR/NOK exchange rate was 7.81 NOK per 1 EUR, or 0.13 EUR per 1 NOK. Compared with the previous year, the euro depreciated by 2.3 % against the Norwegian krone, while NOK appreciated by 2.3 % against the euro 2. Compared with 2000, the value of the euro against the Norwegian krone decreased by 3.8 %, while the value of the Norwegian krone against the euro increased by 3.9 %. | -3.8 % | 0.13 | ▼ | ▲ |
| 2012 | 7.47 | -4.3 % iIn 2012, the average EUR/NOK exchange rate was 7.47 NOK per 1 EUR, or 0.13 EUR per 1 NOK. Compared with the previous year, the euro depreciated by 4.3 % against the Norwegian krone, while NOK appreciated by 4.5 % against the euro 2. Compared with 2000, the value of the euro against the Norwegian krone decreased by 7.9 %, while the value of the Norwegian krone against the euro increased by 8.6 %. | -7.9 % | 0.13 | ▼ | ▲ |
| 2013 | 7.86 | +5.2 % iIn 2013, the average EUR/NOK exchange rate was 7.86 NOK per 1 EUR, or 0.13 EUR per 1 NOK. Compared with the previous year, the euro appreciated by 5.2 % against the Norwegian krone, while NOK depreciated by 4.9 % against the euro 2. Compared with 2000, the value of the euro against the Norwegian krone decreased by 3.2 %, while the value of the Norwegian krone against the euro increased by 3.3 %. | -3.2 % | 0.13 | ▲ | ▼ |
| 2014 | 8.38 | +6.7 % iIn 2014, the average EUR/NOK exchange rate was 8.38 NOK per 1 EUR, or 0.12 EUR per 1 NOK. Compared with the previous year, the euro appreciated by 6.7 % against the Norwegian krone, while NOK depreciated by 6.3 % against the euro 2. Compared with 2000, the value of the euro against the Norwegian krone increased by 3.3 %, while the value of the Norwegian krone against the euro decreased by 3.2 %. | +3.3 % | 0.12 | ▲ | ▼ |
| 2015 | 8.99 | +7.2 % iIn 2015, the average EUR/NOK exchange rate was 8.99 NOK per 1 EUR, or 0.11 EUR per 1 NOK. Compared with the previous year, the euro appreciated by 7.2 % against the Norwegian krone, while NOK depreciated by 6.7 % against the euro 2. Compared with 2000, the value of the euro against the Norwegian krone increased by 10.8 %, while the value of the Norwegian krone against the euro decreased by 9.7 %. | +10.8 % | 0.11 | ▲ | ▼ |
| 2016 | 9.27 | +3.1 % iIn 2016, the average EUR/NOK exchange rate was 9.27 NOK per 1 EUR, or 0.11 EUR per 1 NOK. Compared with the previous year, the euro appreciated by 3.1 % against the Norwegian krone, while NOK depreciated by 3.0 % against the euro 2. Compared with 2000, the value of the euro against the Norwegian krone increased by 14.2 %, while the value of the Norwegian krone against the euro decreased by 12.5 %. | +14.2 % | 0.11 | ▲ | ▼ |
| 2017 | 9.37 | +1.0 % iIn 2017, the average EUR/NOK exchange rate was 9.37 NOK per 1 EUR, or 0.11 EUR per 1 NOK. Compared with the previous year, the euro appreciated by 1.0 % against the Norwegian krone, while NOK depreciated by 1.0 % against the euro 2. Compared with 2000, the value of the euro against the Norwegian krone increased by 15.4 %, while the value of the Norwegian krone against the euro decreased by 13.4 %. | +15.4 % | 0.11 | ▲ | ▼ |
| 2018 | 9.62 | +2.7 % iIn 2018, the average EUR/NOK exchange rate was 9.62 NOK per 1 EUR, or 0.10 EUR per 1 NOK. Compared with the previous year, the euro appreciated by 2.7 % against the Norwegian krone, while NOK depreciated by 2.7 % against the euro 2. Compared with 2000, the value of the euro against the Norwegian krone increased by 18.6 %, while the value of the Norwegian krone against the euro decreased by 15.7 %. | +18.6 % | 0.10 | ▲ | ▼ |
| 2019 | 9.85 | +2.4 % iIn 2019, the average EUR/NOK exchange rate was 9.85 NOK per 1 EUR, or 0.10 EUR per 1 NOK. Compared with the previous year, the euro appreciated by 2.4 % against the Norwegian krone, while NOK depreciated by 2.3 % against the euro 2. Compared with 2000, the value of the euro against the Norwegian krone increased by 21.4 %, while the value of the Norwegian krone against the euro decreased by 17.6 %. | +21.4 % | 0.10 | ▲ | ▼ |
| 2020 | 10.82 | +9.8 % iIn 2020, the average EUR/NOK exchange rate was 10.82 NOK per 1 EUR, or 0.09 EUR per 1 NOK. Compared with the previous year, the euro appreciated by 9.8 % against the Norwegian krone, while NOK depreciated by 8.9 % against the euro 2. Compared with 2000, the value of the euro against the Norwegian krone increased by 33.3 %, while the value of the Norwegian krone against the euro decreased by 25.0 %. | +33.3 % | 0.09 | ▲ | ▼ |
| 2021 | 10.17 | -6.0 % iIn 2021, the average EUR/NOK exchange rate was 10.17 NOK per 1 EUR, or 0.10 EUR per 1 NOK. Compared with the previous year, the euro depreciated by 6.0 % against the Norwegian krone, while NOK appreciated by 6.3 % against the euro 2. Compared with 2000, the value of the euro against the Norwegian krone increased by 25.4 %, while the value of the Norwegian krone against the euro decreased by 20.2 %. | +25.4 % | 0.10 | ▼ | ▲ |
| 2022 | 10.13 | -0.5 % iIn 2022, the average EUR/NOK exchange rate was 10.13 NOK per 1 EUR, or 0.10 EUR per 1 NOK. Compared with the previous year, the euro depreciated by 0.5 % against the Norwegian krone, while NOK appreciated by 0.5 % against the euro 2. Compared with 2000, the value of the euro against the Norwegian krone increased by 24.8 %, while the value of the Norwegian krone against the euro decreased by 19.9 %. | +24.8 % | 0.10 | ▼ | ▲ |
| 2023 | 11.47 | +13.2 % iIn 2023, the average EUR/NOK exchange rate was 11.47 NOK per 1 EUR, or 0.09 EUR per 1 NOK. Compared with the previous year, the euro appreciated by 13.2 % against the Norwegian krone, while NOK depreciated by 11.7 % against the euro 2. Compared with 2000, the value of the euro against the Norwegian krone increased by 41.3 %, while the value of the Norwegian krone against the euro decreased by 29.2 %. | +41.3 % | 0.09 | ▲ | ▼ |
| 2024 | 11.64 | +1.5 % iIn 2024, the average EUR/NOK exchange rate was 11.64 NOK per 1 EUR, or 0.09 EUR per 1 NOK. Compared with the previous year, the euro appreciated by 1.5 % against the Norwegian krone, while NOK depreciated by 1.5 % against the euro 2. Compared with 2000, the value of the euro against the Norwegian krone increased by 43.4 %, while the value of the Norwegian krone against the euro decreased by 30.3 %. | +43.4 % | 0.09 | ▲ | ▼ |
| 2025 | 11.71 | +0.6 % iIn 2025, the average EUR/NOK exchange rate was 11.71 NOK per 1 EUR, or 0.09 EUR per 1 NOK. Compared with the previous year, the euro appreciated by 0.6 % against the Norwegian krone, while NOK depreciated by 0.6 % against the euro 2. Compared with 2000, the value of the euro against the Norwegian krone increased by 44.3 %, while the value of the Norwegian krone against the euro decreased by 30.7 %. | +44.3 % | 0.09 | ▲ | ▼ |
| 2026 | 11.07 | -5.5 % iThe average exchange rate for 2026 is based on data available since the beginning of the year and is therefore preliminary. It may change as new daily exchange rates for the Norwegian krone are published and is not directly comparable with the final annual average exchange rates of previous years. | +36.5 % | 0.09 | ▼ | ▲ |
Euro to Norwegian Krone Exchange Rate Trends by Year
The following chart shows the yearly development of the euro exchange rate against the Norwegian krone (1 EUR = ... NOK). When the bars show an upward trend and are displayed in green, this indicates that the euro is strengthening while the Norwegian krone is weakening against the euro. When the bars show a downward trend and are displayed in red, the Norwegian krone is strengthening against the euro while the euro is weakening.
Chart 1. Yearly changes in the euro exchange rate against the Norwegian krone
Norwegian Krone to Euro Exchange Rate Trends by Year
The following chart shows the yearly development of the Norwegian krone exchange rate against the euro (1 NOK = ... EUR). When the bars show an upward trend and are displayed in green, this indicates that the Norwegian krone is strengthening while the euro is weakening. When the bars show a downward trend and are displayed in red, this indicates that the Norwegian krone is weakening while the euro is strengthening.
Chart 2. Yearly changes in the Norwegian krone exchange rate against the euro
Historical Exchange Rate Analysis: Euro to Norwegian Krone and Norwegian Krone to Euro
This section provides the main statistical indicators for the annual average exchange rate of the euro against the Norwegian krone and the Norwegian krone against the euro from 2000 to 2025 (direct quotation and inverse quotation). The statistics provide a quick overview of the long-term exchange rate trend, trend strength, historical range and the position of the latest annual average rate relative to previous values. The “latest annual average exchange rate” refers to the average exchange rate for the most recent completed year in the period under review, which is 2025.
- Euro to Norwegian krone
- Norwegian krone to euro
Key statistics for the euro exchange rate against the Norwegian krone
Key indicators | |
| Average exchange rate for the entire period | 1 EUR = 8.99 NOK |
|---|---|
| Latest annual average exchange rate (2025) | 1 EUR = 11.71 NOK |
| Deviation of the latest annual average from the long-term average | 30.3 % |
| Exchange rate change since 2000 | 44.3 % |
| Compound annual rate of change (CAGR) | 1.48 % |
| Change factor since 2000 | 1.4 |
Historical highs and lows | |
| Lowest annual average exchange rate | 1 EUR = 7.47 NOK in 2012 |
| Highest annual average exchange rate | 1 EUR = 11.71 NOK in 2025 |
| Percentage range between the historical low and high | 56.7 % |
| How far the latest annual average is below the historical high | 0.0 % |
| How far the latest annual average is above the historical low | 56.7 % |
Trend and annual changes | |
| Number of years in which the euro exchange rate increased | 16 |
| Number of years in which the euro exchange rate decreased | 9 |
| Number of years with no change | 0 |
| Largest annual appreciation of the euro | 13.2 % in 2023 |
| Largest annual depreciation of the euro | -8.5 % in 2010 |
| Most recent of the longest streaks of increases | 8 years from 2012 to 2020 |
| Most recent of the longest streaks of decreases | 3 years from 2009 to 2012 |
| Average absolute annual change | 4.3 % |
From 2000 to 2025, the average annual euro exchange rate against the Norwegian krone changed from 8.12 NOK per EUR to 11.71 NOK per EUR. Over the entire period, the EUR/NOK exchange rate increased by 44.3 %, corresponding to a change by a factor of 1.4. The compound annual rate of change (CAGR) was 1.48 %. The average exchange rate for the entire period was 8.99 NOK per EUR. The latest annual average rate is 30.3 % above the average for the entire period under review.
During the period under review, the lowest annual average exchange rate was 7.47 NOK per EUR in 2012, while the highest was 11.71 NOK per EUR in 2025. The range between the minimum and maximum reached 56.7 %. The latest annual average rate is 0.0 % below the historical maximum. The average absolute year-on-year change was 4.3 %, indicating the average magnitude of annual exchange-rate fluctuations over the entire observation period. The most recent of the longest streaks of consecutive increases lasted 8 years (2012–2020). The most recent of the longest streaks of consecutive decreases lasted 3 years. Over the period under review, years with a rising EUR/NOK exchange rate were more frequent.
Key statistics for the Norwegian krone exchange rate against the euro
Key indicators | |
| Average exchange rate for the entire period | 1 NOK = 0.11 EUR |
|---|---|
| Latest annual average exchange rate (2025) | 1 NOK = 0.09 EUR |
| Deviation of the latest annual average from the long-term average | -24.7 % |
| Exchange rate change since 2000 | -30.7 % |
| Compound annual rate of change (CAGR) | -1.46 % |
| Change factor since 2000 | 1.4 |
Historical highs and lows | |
| Lowest annual average exchange rate | 1 NOK = 0.09 EUR in 2025 |
| Highest annual average exchange rate | 1 NOK = 0.13 EUR in 2012 |
| Percentage range between the historical low and high | 36.2 % |
| How far the latest annual average is below the historical high | 36.2 % |
| How far the latest annual average is above the historical low | 0.0 % |
Trend and annual changes | |
| Number of years in which the Norwegian krone exchange rate increased | 9 |
| Number of years in which the Norwegian krone exchange rate decreased | 16 |
| Number of years with no change | 0 |
| Largest annual appreciation of the Norwegian krone | 9.3 % in 2010 |
| Largest annual depreciation of the Norwegian krone | -11.7 % in 2023 |
| Most recent of the longest streaks of increases | 3 years from 2009 to 2012 |
| Most recent of the longest streaks of decreases | 8 years from 2012 to 2020 |
| Average absolute annual change | 4.2 % |
From 2000 to 2025, the average annual exchange rate of the Norwegian krone against the euro changed from 0.12 to 0.09 EUR per NOK. Over the entire period, the NOK/EUR exchange rate decreased by 30.7 %, corresponding to a change by a factor of 1.4. The compound annual rate of change (CAGR) over the period was -1.46 %. The average exchange rate for the entire period was 0.11 EUR per NOK. The latest annual average rate is 24.7 % below the average for the entire period under review.
During the period under review, the lowest annual average exchange rate was 0.09 EUR per NOK in 2025, while the highest was 0.13 EUR per NOK in 2012. The range between the minimum and maximum reached 36.2 %. The latest annual average rate is 36.2 % below the historical maximum. The average absolute year-on-year change was 4.2 %, indicating the average magnitude of annual exchange-rate fluctuations over the entire observation period. The most recent of the longest streaks of consecutive increases lasted 3 years (2009–2012). The most recent of the longest streaks of consecutive decreases lasted 8 years. Over the period under review, years with a falling NOK/EUR exchange rate were more frequent.
Notes on the exchange rate data
- The historical annual average euro exchange rates against the Norwegian krone are based on data from the Deutsche Bundesbank. The average Norwegian krone exchange rate for 2026 is calculated using mid-market rates available from German banks since the beginning of the year. For more information, see the page “The current Norwegian krone to euro exchange rate”.
- The percentage change differs between the direct and inverse exchange rate quotations, even though both describe the same currency pair. For example, if the exchange rate changes from 1 EUR = 7.47 NOK to 1 EUR = 11.71 NOK, the percentage change is 56.7 %. In the inverse quotation, however, the rate changes from 1 NOK = 0.13 EUR to 1 NOK = 0.09 EUR, which corresponds to a change of 36.2 %, not 56.7 %. This is because percentage change is always calculated relative to the starting value, and the starting values are different for the direct and inverse exchange rate quotations.
- The exchange rates shown in the table are rounded to two or three decimal places, while all statistical indicators are calculated from the underlying data to four decimal places. As a result, manual calculations based on the displayed values may produce small differences due to rounding.
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