The Kingdom of Norway is renowned for its breath-taking landscapes that include glaciers and mountains. This Scandinavian nation is a must-visit country on any adventurer's travel itinerary. It is also home to deep coastal fjords, lush vegetation, and a rich Nordic heritage.
If you are planning your next trip to this country then you should know what currency is used in Norway.
Here's more about the Norwegian Krone in detail.
If you asked someone what currency was used in Norway until the middle of the 19th century, they would have said Norwegian speciedaler.
However, it was replaced in 1875 by the Norwegian Krone, which is still in use today. Norway became a member of the Scandinavian Monetary Union in the same year.
The word "Krone" means "crown" in English, reflecting its significance in the nation. ISK is the currency code of this currency while 'kr' is the symbol by which it is represented.
Coins were first used for this currency, but the Norges Bank introduced the currency notes in 1877.
Norges Bank, the nation's central bank, regulates the Norwegian Krone's circulation. It has released eight distinct series of banknotes. One Norwegian Krone is now worth $0.11.
Additionally, it can be divided into 100 Øre, and coins come in denominations of 1, 5, 10, and 20 krone, whereas banknotes come in 50, 100, 200, 500, and 1,000 kroner.
It's interesting to note that the banknotes from Norway feature different Norwegian scientists and highlight their input in the society. Furthermore, Norwegian art is highlighted on various banknotes.
The Norwegian Krone is mostly used in Norway, Sweden, and Finland. Additionally, it is utilised in the well-known Norwegian ferry terminals of Frederikshavn and Hirtshals.
Notably, it rose to the position of thirteenth most traded currency by 2010.
You can buy Norwegian Krone from a bank or a bureau de change. But these organisations levy higher hefty exchange rates, and involve hidden costs.
However, an online substitute for purchasing Norwegian Krone can be quite beneficial. Various online currency exchange platforms like The Currency Club offer lower exchange rates as compared to other traditional institutions.
The entire process of buying travel money is online. You have to place the order, make the payments and then you can have it delivered to your address safely within the next day. You can also sell the excess travel money after you return from your trip and even take advantage of lower exchange rates to make international payments.
Norway is referred to as the "Land of the Midnight Sun" by tourists because this is the country that witnesses sunset and sunrise occuring simultaneously without a moment of darkness in between.
This nation receives a lot of visitors because of its beautiful landscape. It has also been rated as one of the world's happiest nations.
Furthermore, it provides a wide range of amenities for visitors, and average tourist costs are as follows:
Taxi: Adults generally spend around 40-70 NOK on a taxi. On the other hand, it will cost around 20-35 NOK for a child.
Meal for two: The price of hot dogs can vary from 45 NOK - 200 NOK. However, this is only applicable if you eat at an inexpensive restaurant. For instance, a hamburger or a pizza at a cafe will cost around 150-250 NOK\ € 15-25. However, the main course will be approximately 300 NOK\ € 30.
Hotel room: If you choose to stay in an Airbnb, your daily cost will be less than 1500 NOK. On the other hand, a hotel's starting rate for lodging is 200 NOK. In addition, you should keep aside a certain amount of money for entertainment activities such as going to the museum, attractions, day tours and sightseeing activities.
Yes, ATMs are available in Norway. You can find ATMs in every commercial space, markets and other public places. However, the local ATMs might levy a certain charge for making cash withdrawals. To save on those additional charges, it is best to buy travel money beforehand.
Summary
This blog has provided the necessary information you need about Norwegian Krone before you plan your next trip to this country. Make sure to carry a substantial amount of travel money to enjoy your trip without worrying about cash withdrawals.
Now that you know what currency is used in Norway, it is best to buy it from an excellent online service provider like The Currency Club.
You get the best exchange rates on Norwegian Krone against British Pounds!
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