Currency.Wiki

1 Norwegian Krone to Ethiopian Birr

Updated 59 seconds ago
Convert 1 NOK:ETB
 NOK =
    ETB
 Norwegian Krone =  Ethiopian Birrs
Trending: Nkr exchange rates for the last 24 hours
  • NOK/USD 0.093146 -0.00259949
  • NOK/EUR 0.086513 -0.00108111
  • NOK/JPY 14.608951 0.55941929
  • NOK/GBP 0.073212 -0.00148268
  • NOK/CHF 0.083577 -0.00042624
  • NOK/MXN 1.703751 0.09505778
  • NOK/INR 7.780148 -0.14554967
  • NOK/BRL 0.496204 0.01947580
  • NOK/CNY 0.661991 -0.02590448

NOK/ETB exchange rate analysis over the past 90 days

Norwegian Krone to Ethiopian Birr exchange rate: Over the last 90 days, the Norwegian Krone weakened by -1.01% against the Ethiopian Birr, declining from Br5.4373 to Br5.3828 per Norwegian Krone. This trend reflects the evolving economic dynamics between the Norway, Svalbard and Jan Mayen, Bouvet Island and the Ethiopia. Factors contributing to this weakening may include:

  • Trade Imbalances: Disparities in trade and investment between Norway, Svalbard and Jan Mayen, Bouvet Island and Ethiopia.
  • Regulatory Decisions: Policies or regulations affecting currency exchange or trade balance between Norway, Svalbard and Jan Mayen, Bouvet Island and Ethiopia.
  • Economic Challenges: Factors such as GDP contraction, rising unemployment, or increased inflation in the Norway, Svalbard and Jan Mayen, Bouvet Island or Ethiopia.
  • Global Pressures: External economic or geopolitical events that may unfavorably impact the Norway, Svalbard and Jan Mayen, Bouvet Island relative to the Ethiopia.

The foreign exchange market operates continuously, with currency values being influenced by a myriad of global economic, political, and financial occurrences.

nok/etb Historical Chart

Nkr
Norwegian Krone Currency

Country: Norway, Svalbard and Jan Mayen, Bouvet Island

Symbol: Nkr

ISO Code: NOK

Bank: Bank Norwegian AS

Interesting fact about Norwegian Krone

The Norwegian Krone (NOK) is the official currency of Norway, Svalbard, and Jan Mayen, and is also accepted in Bouvet Island. It was introduced in 1875, replacing the former Norwegian speciedaler. The Krone is symbolized by "kr" and is regulated by the Central Bank of Norway. It holds a significant role in the economy of Norway, providing stability and facilitating financial transactions in these regions.

Br
Ethiopian Birr Currency

Country: Ethiopia

Symbol: Br

ISO Code: ETB

Bank: National Bank of Ethiopia

Interesting fact about Ethiopian Birr

The Ethiopian Birr (ETB) is the official currency of Ethiopia. It has a long history, dating back to the early 20th century. The Birr has been significant in Ethiopia as it reflects the country's economic stability and independence. It plays a crucial role in everyday transactions, commerce, and the overall economy of Ethiopia.

Quick Conversion Guide

Frequently Asked Questions

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The Norwegian Krone to Ethiopian Birr exchange rate is influenced by a variety of factors including economic data, political events, central bank decisions, market sentiment, and global financial news.
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Today conversion rate from 1 NOK to ETB is Br5.38.
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Yes, our site provides historical charts that show the trends and fluctuations in the Norwegian Krone to Ethiopian Birr exchange rate over different time periods.
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While it's impossible to predict rates with certainty, staying informed about market trends and economic forecasts can help you make educated guesses.
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The exchange rate can fluctuate frequently due to the forex market's high volatility. It can change multiple times within a single day.