Pure FX Logo arrow Reviews On Feefo Pure FX Logo Exemplary Service In-Depth Knowledge We're Jargon Free Same-Day Transfers Better Exchange Rates No Commission 0 Personal Transfers Business Transfers FCA Authorized Personal Service Trusted Brokers Get A Quote Register With Us Make A Transfer Seller Transfers Contract Definitions Read Our Top Tips What Influences Exchange Rates Glossary Frequently Asked Questions Contact Us

GBP Nears 18-Month High Versus NOK, as Norges Bank Unlikely to Hike

Image credit: Stephen Davies

by Peter Lavelle

Welcome to Pure FX's latest update of the pound to Norwegian krone interbank exchange rate.

This tells you when the pound to Norwegian krone interbank exchange rate rises, for your money transfer!

Sterling stays strong versus the krone! The pound to krone interbank exchange rate has reached 11.21 today, just -0.88% below its highest since June 28th 2016, or almost 18 months.

The pound is flexing its muscles against the krone, because Norway's inflation fell to just 1.1% in November, said Statistics Norway last week, the 2nd consecutive monthly fall in price pressures.

This has weakened the Norwegian krone, in particular as Norway's inflation now stands well below Norway’s central bank Norges Bank's official target of 2.5%, pointing to subdued prices in the Scandinavian nation.

What's more, this has also dragged down the krone, because with Norway's inflation falling, Norges Bank may feel less pressure to lift interest rates, above their current all-time low of 0.5%.

'Below-target inflation suggests that [Norway's central bank] is in no hurry to start hiking rates,' according to SEB analyst Erica Blomgren, thereby weighing on the Norwegian krone recently.

'We will have very low interest rates still internationally, and also in Norway,' said Norges Bank governor Oystein Olsen recently too, thus lifting the pound to Norwegian krone interbank rate!

Get a free pound to Norwegian krone exchange rate quote

Get a free pound to Norwegian krone exchange rate quote to get our best exchange rate, and find out how much you could save with Pure FX.

You’ll get an outstanding pound to Norwegian krone exchange rate for your money transfer!

Please bear in mind, this article is Pure FX’s opinion only and does not constitute advice. Moreover, the exchange rates referred to in this article are the interbank rates, which are the rates at which banks and financial institutions buy and sell currency to each other. Therefore these exchange rates cannot be accessed by individuals or SMEs, and are not the same rates that Pure FX can offer. To get a free exchange rate quote, call us on +44 (0) 1494 671800, or email peter.lavelle@purefx.co.uk.

Get A Free Quote
I’d like to exchange...
GBP
EUR
Because I want to...
And I would like it...
Pure FX awarded Feefo Gold Trusted Merchant 2016PureFX's Product Rating on Feefo

What Our Clients Say

Read all the reviews at Feefo.com

Why Us

FCA Authorised

Directly authorised by the UK's Financial Conduct Authority, so your money is highly secure.

No Hidden Fees & 0% Commission

So you get our biggest possible saving when you exchange currencies.

Same Day Transfers

Receive your money in your destination bank account the same day you send it, for most mainstream currencies.

Outstanding Exchange Rates

Get bigger savings, with Pure FX's best exchange rate guaranteed!

Dedicated Personal Service

To guide you through the transfer process, and keep you up-to-date with the changing exchange rates.

Trusted Foreign Exchange Broker

Since we were established in 2006, we've transferred money for thousands of satisfied clients.

How It Works

  • Quote

    Use our form to get a free exchange rate quote, and find out how much you could save with Pure FX.
  • Register

    We'll be in touch to give you your exchange rate quote, ask you any further questions and tell you how the transfer process works.
  • Transfer

    From buying a property abroad, to making business transfers, or online selling - we have you covered.