Convert United States Dollar to Norwegian Krone
Please provide values below to convert United States Dollar [USD] to Norwegian Krone [NOK], or Convert Norwegian Krone to United States Dollar.
How to Convert United States Dollar to Norwegian Krone
1 USD = 0.0988943610435333 NOK
Example: convert 15 USD to NOK:
15 USD = 15 × 0.0988943610435333 NOK = 1.483415415653 NOK
United States Dollar to Norwegian Krone Conversion Table
| United States Dollar | Norwegian Krone |
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United States Dollar
The United States Dollar (USD) is the official currency of the United States of America, used as a standard unit of monetary value and exchange.
History/Origin
The USD was established in 1792 with the Coinage Act, replacing the Continental Congress's Continental Currency. It has since become one of the world's dominant reserve currencies, influenced by the economic growth of the U.S. and global financial markets.
Current Use
The USD is widely used domestically and internationally for trade, investment, and as a reserve currency. It is the most traded currency in the foreign exchange market and is used as the standard currency in many international transactions.
Norwegian Krone
The Norwegian Krone (NOK) is the official currency of Norway, used for everyday transactions and monetary exchanges within the country.
History/Origin
The Norwegian Krone was introduced in 1875, replacing the Norwegian Speciedaler, and has undergone various reforms, including decimalization in 1875 and decimal standardization in 1963. It has been Norway's official currency since then.
Current Use
The NOK is actively used in Norway for all financial transactions, including banking, commerce, and international trade. It is also traded on the foreign exchange market and is considered a stable currency within the region.