Convert 1 Norwegian Krone (NOK) to Canadian Dollar (CAD)
Exchange rates used for currency conversion updated on 21st July 2019 ( 21/07/2019 )
Below you will find the latest exchange rate for exchanging Norwegian Krone (NOK) to Canadian Dollar (CAD) , a table containing most common conversions and a chart with the pair's evolution.
The Norwegian Krone (NOK) to Canadian Dollar (CAD) rates are updated every minute using our advanced technology for live forex currency conversion. Check back in a few days for things to buy with this amount and information about where exactly you can exchange currencies om;ine and offline.
The official currency of Norway is the krone. The krone is divided into 100 ore and comes in denominations of 50 kroner, 100 kroner, 200 kroner, 500 kroner and 1,000 kroner. Currency exchange can be done easily and rather inexpensively at any bank and at some hotels and other establishments for a higher fee. Most ATMs accept all major credit cards as well as various bank cards.
About Canadian Dollar (CAD)
The Bank of Canada manges the circulation and monetary policy of the floating yet highly dependent currency. The Canadian dollar (CAD) is heavily intertwined with economic developments in the United States and the USD this is compounded with the high trade dependence Canada shares with the US and is only mitigated by the price of commodities such as oil in which Canada is a net exporter and therefore can leverage these exports to support the CAD independent of the USD. The Bank of Canada follows its mandate of promoting the economic well being of the nation in juxtaposition to the mandate of many central banks as price stability.