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Norwegian kroner to Nigerian naira Exchange Rate History - XTransfer

Norwegian kroner to Nigerian naira Historical Exchange Rates

Welcome to the NOK to NGN exchange rate history page. This page contains detailed daily historical exchange rates between NOK and NGN from 2025-3-8 to 2026-05-11, making it easy to look up and reference.

Amount
Result

1 NOK = 147.903 NGN

05:31 Exchange Rate

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1 Norwegian kroner to Nigerian naira Historical Exchange Rate Trends

1 NOK = -- NGN

05:31 Exchange Rate

NOK - NGN+0%
7D
1M
3M
Invalid DateInvalid Date

1 Norwegian kroner to Nigerian naira Data Statistics

This section organizes the historical exchange rate data of 1 NOK to NGN, including daily data over the past 1 day, 15 days, 30 days, and 90 days. It also marks the highest, lowest, and average rates during each period, helping you easily understand how the exchange rate has changed over time, which is useful for currency exchange, transfers, or investment decisions.

Time
Past 1 day
Past 15 day
Past 30 day
Past 90 day
High
147.903
148.012
148.012
150.175
Low
147.903
146.127
144.335
139.307
Average
147.903
147.382
146.659
144.553

Past 7 days historical exchange rates

Below are the daily average exchange rates of NOK to NGN for the past 7 days, helping you track the trend during this period. We also provide exchange rate changes of NGN to NOK, helping you understand fluctuations from different perspectives and better plan your currency exchange, transfers, or fund management.

NOK to NGN - Last 7 Days

NOKNOKNGNNGN
2026-05-11
147.903
NOKNOKNGNNGN
2026-05-10
148.012
NOKNOKNGNNGN
2026-05-09
148.012
NOKNOKNGNNGN
2026-05-08
146.127
NOKNOKNGNNGN
2026-05-07
147.158
NOKNOKNGNNGN
2026-05-06
146.665
NOKNOKNGNNGN
2026-05-05
146.762

NGN to NOK - Last 7 Days

NGNNGNNOKNOK
2026-05-11
0.007
NGNNGNNOKNOK
2026-05-10
0.007
NGNNGNNOKNOK
2026-05-09
0.007
NGNNGNNOKNOK
2026-05-08
0.007
NGNNGNNOKNOK
2026-05-07
0.007
NGNNGNNOKNOK
2026-05-06
0.007
NGNNGNNOKNOK
2026-05-05
0.007

NOKNOK - Norwegian Krone

The Norwegian krone has been issued since 1875 and is an important part of the Nordic economy. NOK benefits from its rich oil and gas resources and reflects the country's wealth and high welfare level.

  • Supporting unit:1 Krona = 100 Öre
  • Denomination of banknotes:50, 100, 200, 500, 1000 krone
  • Reserve currency:Yes, the Norwegian krone is regarded as a minor reserve currency in some countries.
  • Banknote material:High-quality paper, utilizing advanced anti-counterfeiting technology.
  • Metal composition:Nickel brass, copper-plated steel, stainless steel, and other alloys
  • Currency symbol:kr 或 NOK
  • Paper currency size:For example, 1000 kronor measures 160mm × 70mm (new series).
  • language:en
  • Main unit:1 krone (Krone)
  • ISO code:NOK
  • Currency name:Norwegian Krone
  • Exchange Rate System:Floating exchange rate system
  • Central Bank:Norges Bank
  • Safe-haven currency:It has certain hedging properties due to its economic stability and background of sovereign wealth funds.
  • Coin denomination:1, 5, 10, and 20 kronor (50 öre and smaller denominations have been gradually phased out)
  • Countries of Use:Norway (excluding the Faroe Islands and Greenland, which use the Danish krone)
  • Cross-border payment:NOK supports international payments through the SWIFT and SEPA systems (applicable to the European Economic Area), which enables high efficiency and is commonly used for trade settlements within the Nordic and EU regions.

NGNNGN - Nigerian Naira

The naira was introduced in 1973 as a replacement for the Nigerian pound. The NGN plays a central role in Africa's largest economy, supporting a diversified economy, particularly the oil and agriculture industries.

  • Supporting unit:1 Naira = 100 Kobo
  • Denomination of banknotes:5, 10, 20, 50, 100, 200, 500, 1000 Naira
  • Reserve currency:No, the primary reserves consist of foreign currencies such as USD, EUR, and RMB.
  • Banknote material:Most are paper-based, while some small denominations are made of polymer.
  • Metal composition:Nickel-plated steel core, copper alloy, aluminum alloy, etc.
  • Currency symbol:₦
  • Paper currency size:For example, 1000 Naira is approximately 151mm × 78mm.
  • language:en
  • Main unit:Naira
  • ISO code:NGN
  • Currency name:Nigerian Naira
  • Exchange Rate System:Regulated floating exchange rate system
  • Central Bank:Central Bank of Nigeria
  • Safe-haven currency:No, there are significant fluctuations in exchange rates and strong capital controls.
  • Coin denomination:50 Cobos, 1, 2 Naira (seldom used).
  • Countries of Use:Nigeria is the only country where it is used officially.
  • Cross-border payment:Naira is not freely convertible in the international market and is primarily settled through the SWIFT network and banking intermediaries. Cross-border payments often use the US dollar or euro as intermediary currencies, which limits efficiency.

Major Currency Pairs of NOK

NOKNOK
RUBRUB
NOKNOK
HKDHKD
NOKNOK
BDTBDT
NOKNOK
NZDNZD
NOKNOK
GTQGTQ
NOKNOK
COPCOP
NOKNOK
KHRKHR
NOKNOK
IQDIQD
NOKNOK
FJDFJD
NOKNOK
GGPGGP
NOKNOK
PENPEN
NOKNOK
BOBBOB
NOKNOK
CRCCRC
NOKNOK
XPFXPF
NOKNOK
KWDKWD

FAQ

Based on the historical patterns of Norwegian kroner to Nigerian naira, is now a good time to exchange?

To judge the timing for exchanging Norwegian kroner to Nigerian naira, one must compare current rates with the average over the past year or even five years. If the current Norwegian kroner rate is well above the historical average, it usually means NOK is in a strong period, making it a good window for settlement into NGN. Conversely, if Norwegian kroner is at a historical low, it is recommended for exporters to hold NOK in batches and avoid the troughs to minimize losses when converting to NGN.

What are the main reasons affecting the historical volatility of NOK to NGN recently?

The core factor affecting the historical volatility of Norwegian kroner to Nigerian naira recently is the divergence in monetary policies between the two countries. When interest rate hikes are implemented, the attractiveness of NOK tends to increase, leading to a significant rise in its historical exchange rate against NGN. Additionally, fluctuations in global trade data and inflation levels trigger safe-haven demand for NOK, thereby intensifying the frequency of two-way volatility between Norwegian kroner and Nigerian naira.

Has NOK experienced a sharp plunge against NGN before? How can I protect myself?

Historically, Norwegian kroner against Nigerian naira has indeed experienced violent fluctuations or even plunges due to policy shocks or economic crises. The best way to hedge against Norwegian kroner exchange rate risk is to analyze its historical volatility cycles and avoid betting on a one-sided market at a single high point. It is recommended to use batch settlement or forward locking tools to keep the volatility risk of NOK to NGN within an acceptable trade cost range.

Is the current exchange rate of Norwegian kroner to Nigerian naira considered a historical high or low?

To evaluate the current level of NOK to NGN, one must examine the currency pair's long-term trend chart. By comparing the peaks and troughs of the past five years, you can clearly see if Norwegian kroner is approaching a historical resistance level. If the current NOK price has broken through highs from years ago, it indicates that NOK is at an extreme high; exchanging Norwegian kroner to Nigerian naira now can often lock in more substantial trade profits than in previous years.

How accurate are the AI-predicted exchange rates for Norwegian kroner to Nigerian naira?

AI predictions for NOK to NGN are trend references derived from historical big data and market sentiment models. While AI can capture the operational patterns of NOK through algorithms, it is difficult to 100% predict sudden international political events or unexpected policy adjustments. Therefore, the predicted values for Norwegian kroner to Nigerian naira should serve as supplementary advice for settlement timing, rather than an absolute execution guarantee.

How to stabilize exchange rates through convenient payment methods?

To stabilize profit fluctuations caused by exchange rates, the key is to shorten the decision-making link for settlement. By opening a global collection account online through XTransfer, foreign trade enterprises can move away from traditional banks' cumbersome offline declaration processes and lock in ideal rates for real-time settlement on their phones anytime, anywhere. This digital and convenient payment method from XTransfer frees you from bank hours and complex document reviews, allowing you to more autonomously capture market highs and ensure every payment is secured, effectively hedging against exchange loss risks.
Disclaimer: The exchange rate data on this page is collected from public sources for reference only. Due to frequent fluctuations, XTransfer cannot guarantee accuracy or timeliness. Please refer to the real-time quotes from banks, related institutions, or trading systems.