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Shiba Inu to Norwegian Krone Converter and calculator

Convert 1Shiba Inu (SHIB) to Norwegian Krone (NOK) equals kr 0.0002351 | Bitget

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 Shiba Inu currency pair is the SHIB to NOK, with for Shiba Inu's currency code being SHIB. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for NOK.

SHIB to NOK conversion rate trend

In the past 1D, Shiba Inu has changed -5.40% to NOK. Based on the trend and price charts, Shiba Inu(SHIB) has changed -5.40% to NOK while Norwegian Krone(NOK) has changed % to SHIB in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
0.0001% / 0.0004%vip-iconVIP
0.1000% / 0.1000%
Coinbase Exchange
0.1000% / 0.1000%
0.1000% / 0.1000%
0.080% / 0.100%
0.1000% / 0.1000%
0.1000% / 0.1000%
0.1000% / 0.1000%
0.1000% / 0.1000%
0.1000% / 0.1000%
Last updated 2024/04/14 17:00:30(UTC+0)

What factors influence the conversion rate of Shiba Inu to Norwegian Krone?

Shiba Inu to Norwegian Krone is falling this week.
Shiba Inu's current market price is kr 0.0002351 per SHIB, with a total market cap of kr 138,537,642,745.26 NOK based on a circulating supply of 589,289,440,000,000 SHIB. The trading volume of Shiba Inu has changed by -15.74% (kr -3,727,579,012.44 NOK) in the last 24 hours. Last trading day, SHIB's trading volume was kr 23,683,408,384.4.
Market cap
24h volume
Circulating supply
589.29T SHIB

Conversion tables

The exchange rate of Shiba Inu is decreasing.
1 SHIB is currently valued at kr 0.0002351 NOK , which means buying 5 SHIB will cost kr 0.001175 NOK . Similarly, kr1 NOK can be traded for 4,253.64 SHIB, and kr50 NOK can be converted to 212,682.05 SHIB, excluding any platform or gas fees.
The exchange rate of 1 SHIB to Norwegian Krone has changed by -24.40% in the last 7 days. In the last 24 hours, the rate has fluctuated by -5.40%, reaching a high of 0.0002571 NOK and a low of 0.0002020 NOK . One month ago, the value of 1 SHIB was kr 0.0003155 NOK , which represents a -25.46% change from its current value. Over the last year, Shiba Inu has changed by
, resulting in a change of +90.32% in its value.


17:45 today
0.5 SHIB
100 SHIB
500 SHIB
1000 SHIB


Amount17:45 today
0.5NOK2,126.82  SHIB
1NOK4,253.64  SHIB
5NOK21,268.21  SHIB
10NOK42,536.41  SHIB
50NOK212,682.05  SHIB
100NOK425,364.1  SHIB
500NOK2,126,820.51  SHIB
1000NOK4,253,641.03  SHIB

Today vs. 24 hours ago

Amount17:45 today24 hours ago24h change
0.5 SHIB$0.{4}1078$0.{4}1140
1 SHIB$0.{4}2157$0.{4}2280
5 SHIB$0.0001078$0.0001140
10 SHIB$0.0002157$0.0002280
50 SHIB$0.001078$0.001140
100 SHIB$0.002157$0.002280
500 SHIB$0.01078$0.01140
1000 SHIB$0.02157$0.02280

Today vs. 1 month ago

Amount17:45 today1 month ago1M change
0.5 SHIB$0.{4}1078$0.{4}1447
1 SHIB$0.{4}2157$0.{4}2894
5 SHIB$0.0001078$0.0001447
10 SHIB$0.0002157$0.0002894
50 SHIB$0.001078$0.001447
100 SHIB$0.002157$0.002894
500 SHIB$0.01078$0.01447
1000 SHIB$0.02157$0.02894

Today vs. 1 year ago

Amount17:45 today1 year ago1Y change
0.5 SHIB$0.{4}1078$0.{5}5659
1 SHIB$0.{4}2157$0.{4}1132
5 SHIB$0.0001078$0.{4}5659
10 SHIB$0.0002157$0.0001132
50 SHIB$0.001078$0.0005659
100 SHIB$0.002157$0.001132
500 SHIB$0.01078$0.005659
1000 SHIB$0.02157$0.01132


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