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Blur to Norwegian Krone Converter and calculator

Convert 1Blur (BLUR) to Norwegian Krone (NOK) equals kr 4.43 | Bitget
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Last updated 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter offers real-time exchange rates, allowing for easy conversion of Blur(BLUR) to Norwegian Krone(NOK). This is the real-time data. The current conversion shows 1 BLUR at a value of 1 BLUR for 4.43 NOK . Since crypto prices can change rapidly, we suggest checking back for the latest conversion result.

NOK information

About the Norwegian Krone (NOK)

What Is the Norwegian Krone (NOK)?

The Norwegian Krone (NOK), symbolized as "kr" and often abbreviated as NKr, is the official currency of Norway, including its overseas territories and dependencies of Svalbard, Bouvet Island, Queen Maud Land, and Peter I Island. The term "Krone" translates to "crown" in English. It is subdivided into 100 øre, although the øre ceased to exist in physical form in 2012 and now exists only electronically.

The Norwegian Krone (NOK) is issued by Norges Bank, which is the central bank of Norway. Norges Bank is responsible for the production and distribution of the country's currency and also plays a key role in determining and implementing monetary policy in Norway. This includes managing the country's foreign exchange reserves and ensuring financial stability. The bank's decisions and policies directly influence the value and stability of the Norwegian Krone.

What Is the History of NOK?

The Krone was introduced in 1875, replacing the Norwegian speciedaler at a rate of 4 Krone = 1 speciedaler, as Norway joined the Scandinavian Monetary Union. This union, which also included Denmark and Sweden, was based on a gold standard, with 2,480 Krone equaling 1 kilogram of pure gold. The union dissolved in 1914, but the Krone remained Norway's currency. During World War II, the Krone was pegged to the Reichsmark, and post-war, it was pegged to the British pound and later the U.S. dollar. In 1992, Norway shifted to a floating exchange rate due to heavy speculation against the Krone.

Notes and Coins of NOK

Norwegians use both coins and banknotes for transactions. Coins come in denominations of 1, 5, 10, and 20 kroner, while banknotes are available in 50, 100, 200, 500, and 1,000 kroner. The banknotes feature images of prominent Norwegians and are known for their unique and modern designs, celebrating Norway’s maritime history and culture.

Exchange Rate and Economic Influence

The value of the Krone is significantly influenced by changes in oil prices and interest rates, reflecting Norway's status as a major oil exporter. The Krone’s exchange rate against other currencies, like the USD and Euro, varies considerably, often correlating with global oil market trends. For instance, during the oil crisis of 2015, the Krone fell 20% against the dollar.

Norway is moving towards becoming a cashless society, with a high level of digitalization in financial transactions. Payment apps like Vipps are popular, and the use of cash is declining, although it is still accepted, especially among older generations and in smaller retail shops.

Why Doesn’t Norway Use the Euro?

Norway does not use the euro primarily because it is not a member of the European Union (EU). As a member of the European Economic Area (EEA), Norway enjoys access to the EU's single market without the obligations of EU membership, including adopting the euro. This arrangement allows Norway to maintain economic and monetary sovereignty, enabling it to tailor its monetary policy to its unique economic conditions, especially important given its significant oil and gas revenues. Additionally, there is considerable public and political support in Norway for maintaining the Norwegian Krone (NOK), as evidenced by the results of referendums in 1972 and 1994, where Norwegian voters opted against joining the EU. The stability and strength of Norway's economy and its currency further reinforce the decision to retain the Krone instead of adopting the euro.

Is NOK a Stable Currency?

The Norwegian Krone is generally considered a stable currency, largely due to Norway's robust economy, which is underpinned by significant revenues from its oil and gas industries. As a petroleum-based currency, the NOK's value can be influenced by fluctuations in oil prices, but Norway's prudent fiscal management, including the establishment of the Government Pension Fund Global (often referred to as the Oil Fund), helps mitigate these effects. This fund invests surplus revenues from the petroleum sector in international financial markets, providing a buffer against economic shocks. Additionally, Norway's low debt levels, strong sovereign credit ratings, and effective monetary policies by Norges Bank (the country's central bank) contribute to the Krone’s overall stability.

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Bitget crypto-to-fiat exchange data shows that the most popular Blur currency pair is the BLUR to NOK, with for Blur's currency code being BLUR. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for NOK.

BLUR to NOK conversion rate trend

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In the past 1D, Blur has changed -0.42% to NOK. Based on the trend and price charts, Blur(BLUR) has changed -0.42% to NOK while Norwegian Krone(NOK) has changed % to BLUR in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
kr4.43
0.0001% / 0.0004%vip-iconVIP
Binance
kr4.43
0.1000% / 0.1000%
Yes
OKX
kr4.43
0.080% / 0.100%
Yes
Huobi
kr4.43
0.1000% / 0.1000%
Yes
Gate.io
kr4.43
0.1000% / 0.1000%
Yes
Bybit
kr4.43
0.1000% / 0.1000%
Yes
KuCoin
kr4.43
0.1000% / 0.1000%
Yes
Bitfinex
kr4.38
0.1000% / 0.1000%
Yes
Last updated 2024/05/30 19:00:19(UTC+0)

How to buy Blur

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What factors influence the conversion rate of Blur to Norwegian Krone?

Blur to Norwegian Krone is rising this week.
Blur's current market price is kr 4.43 per BLUR, with a total market cap of kr 7,253,549,015.55 NOK based on a circulating supply of 1,638,632,800 BLUR. The trading volume of Blur has changed by -11.90% (kr -69,209,744.03 NOK) in the last 24 hours. Last trading day, BLUR's trading volume was kr 581,799,828.76.
Market cap
$688.56M
24h volume
$48.66M
Circulating supply
1.64B BLUR

Conversion tables

The exchange rate of Blur is increasing.
1 BLUR is currently valued at kr 4.43 NOK , which means buying 5 BLUR will cost kr 22.13 NOK . Similarly, kr1 NOK can be traded for 0.2259 BLUR, and kr50 NOK can be converted to 11.3 BLUR, excluding any platform or gas fees.
The exchange rate of 1 BLUR to Norwegian Krone has changed by +1.88% in the last 7 days. In the last 24 hours, the rate has fluctuated by -0.42%, reaching a high of 4.47 NOK and a low of 4.27 NOK . One month ago, the value of 1 BLUR was kr 3.85 NOK , which represents a +14.99% change from its current value. Over the last year, Blur has changed by
-kr
0.5774NOK
, resulting in a change of -11.54% in its value.

BLUR to NOK

Amount
19:04 today
0.5 BLUR
kr2.21
1 BLUR
kr4.43
5 BLUR
kr22.13
10 BLUR
kr44.27
50 BLUR
kr221.33
100 BLUR
kr442.66
500 BLUR
kr2,213.29
1000 BLUR
kr4,426.59

NOK to BLUR

Amount19:04 today
0.5NOK0.1130  BLUR
1NOK0.2259  BLUR
5NOK1.13  BLUR
10NOK2.26  BLUR
50NOK11.3  BLUR
100NOK22.59  BLUR
500NOK112.95  BLUR
1000NOK225.91  BLUR
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Today vs. 24 hours ago

Amount19:04 today24 hours ago24h change
0.5 BLUR$0.2101$0.2110
-0.42%
1 BLUR$0.4202$0.4220
-0.42%
5 BLUR$2.1$2.11
-0.42%
10 BLUR$4.2$4.22
-0.42%
50 BLUR$21.01$21.1
-0.42%
100 BLUR$42.02$42.2
-0.42%
500 BLUR$210.1$210.99
-0.42%
1000 BLUR$420.21$421.98
-0.42%

Today vs. 1 month ago

Amount19:04 today1 month ago1M change
0.5 BLUR$0.2101$0.1827
+14.99%
1 BLUR$0.4202$0.3654
+14.99%
5 BLUR$2.1$1.83
+14.99%
10 BLUR$4.2$3.65
+14.99%
50 BLUR$21.01$18.27
+14.99%
100 BLUR$42.02$36.54
+14.99%
500 BLUR$210.1$182.72
+14.99%
1000 BLUR$420.21$365.43
+14.99%
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Today vs. 1 year ago

Amount19:04 today1 year ago1Y change
0.5 BLUR$0.2101$0.2375
-11.54%
1 BLUR$0.4202$0.4750
-11.54%
5 BLUR$2.1$2.38
-11.54%
10 BLUR$4.2$4.75
-11.54%
50 BLUR$21.01$23.75
-11.54%
100 BLUR$42.02$47.5
-11.54%
500 BLUR$210.1$237.51
-11.54%
1000 BLUR$420.21$475.02
-11.54%

Blur price prediction

What will the price of BLUR be in 2025?

Based on BLUR's historical price performance prediction model, the price of BLUR is projected to reach $0.5333 in 2025.

What will the price of BLUR be in 2030?

In 2030, the BLUR price is expected to rise by -7.00%. By the end of 2030, the BLUR price is projected to reach $1.05, with a cumulative ROI of +148.96%.
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Buy Blur for 1 NOK
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FAQ

What is a cryptocurrency calculator?
A cryptocurrency calculator enables users to convert various digital currencies into different world currencies according to the current exchange rate.
How does a cryptocurrency calculator work?
A cryptocurrency calculator fetches real-time values from digital currency exchange markets to convert between Blur and NOK.
How accurate is a cryptocurrency calculator?
Cryptocurrency calculators are generally highly accurate as they track real-time data from cryptocurrency markets, such as Blur and NOK. However, due to the high volatility of the cryptocurrency market, rates can fluctuate rapidly.
Can I trust the results of a cryptocurrency calculator?
While cryptocurrency calculators can provide a good starting point, remember that there might be slight differences in real-time trading due to factors such as time delay and trading platform discrepancies.
Can I use a cryptocurrency calculator for tax purposes?
Cryptocurrency calculators are useful for tax information, like coin values at given times. However, it's better to use tax-specific software or a professional for accurate reporting. Bitget Academy is a useful guide for cryptocurrency taxes, covering tax procedures, crypto transactions, effective planning, and different tax tools. Bitget prioritizes user experience, especially in optimizing tax management. With Advanced API and collaborations like Koinly, Bitget provides a smart, accessible platform for cryptocurrency trade and tax responsibilities.
Can a cryptocurrency calculator be used to convert one type of cryptocurrency to another?
If you want to know the value of Blur in NOK, cryptocurrency calculators can help you. But if you want to compare the worth of two different cryptocurrencies, you can use Bitget Convert. This tool simplifies the process of cryptocurrency conversion by allowing you to avoid multiple transactions or frequent transfers between wallets and exchanges. With Bitget Convert, you can seamlessly convert your cryptocurrencies in a user-friendly way.

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This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Bitget to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Bitget exchange as well as other cryptocurrency exchanges and market data platforms. Bitget may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Bitget is not liable for any errors or delays in content or for any actions taken in reliance on any content.