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Speedy to Norwegian Krone Converter and calculator

Convert 1Speedy (SPEEDY) to Norwegian Krone (NOK) equals kr 0.{4}4186 | Bitget
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 Speedy(SPEEDY) to Norwegian Krone(NOK). This is the real-time data. The current conversion shows 1 SPEEDY at a value of 1 SPEEDY for 0.00 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 Speedy currency pair is the SPEEDY to NOK, with for Speedy's currency code being SPEEDY. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for NOK.

SPEEDY to NOK conversion rate trend

In the past 1D, Speedy has changed -8.83% to NOK. Based on the trend and price charts, Speedy(SPEEDY) has changed -8.83% to NOK while Norwegian Krone(NOK) has changed % to SPEEDY in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
0.0001% / 0.0004%vip-iconVIP
Last updated 2024/05/19 23:28:33(UTC+0)

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

Speedy to Norwegian Krone is rising this week.
Speedy's current market price is kr 0.{4}4186 per SPEEDY, with a total market cap of kr 0 NOK based on a circulating supply of -- SPEEDY. The trading volume of Speedy has changed by +7.35% (kr 144,257.19 NOK) in the last 24 hours. Last trading day, SPEEDY's trading volume was kr 1,962,255.71.
Market cap
24h volume
Circulating supply

Conversion tables

The exchange rate of Speedy is decreasing.
1 SPEEDY is currently valued at kr 0.{4}4186 NOK , which means buying 5 SPEEDY will cost kr 0.0002093 NOK . Similarly, kr1 NOK can be traded for 23,890.64 SPEEDY, and kr50 NOK can be converted to 1,194,531.99 SPEEDY, excluding any platform or gas fees.
The exchange rate of 1 SPEEDY to Norwegian Krone has changed by +28.06% in the last 7 days. In the last 24 hours, the rate has fluctuated by -8.83%, reaching a high of 0.{4}4598 NOK and a low of 0.{4}4052 NOK . One month ago, the value of 1 SPEEDY was kr 0.0001250 NOK , which represents a -66.51% change from its current value. Over the last year, Speedy has changed by
, resulting in a change of --% in its value.


23:28 today


Amount23:28 today
0.5NOK11,945.32  SPEEDY
1NOK23,890.64  SPEEDY
5NOK119,453.2  SPEEDY
10NOK238,906.4  SPEEDY
50NOK1,194,531.99  SPEEDY
100NOK2,389,063.98  SPEEDY
500NOK11,945,319.92  SPEEDY
1000NOK23,890,639.84  SPEEDY
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Today vs. 24 hours ago

Amount23:28 today24 hours ago24h change
0.5 SPEEDY$0.{5}1957$0.{5}2147
1 SPEEDY$0.{5}3914$0.{5}4293
5 SPEEDY$0.{4}1957$0.{4}2147
10 SPEEDY$0.{4}3914$0.{4}4293
50 SPEEDY$0.0001957$0.0002147
100 SPEEDY$0.0003914$0.0004293
500 SPEEDY$0.001957$0.002147
1000 SPEEDY$0.003914$0.004293

Today vs. 1 month ago

Amount23:28 today1 month ago1M change
0.5 SPEEDY$0.{5}1957$0.{5}5843
1 SPEEDY$0.{5}3914$0.{4}1169
5 SPEEDY$0.{4}1957$0.{4}5843
10 SPEEDY$0.{4}3914$0.0001169
50 SPEEDY$0.0001957$0.0005843
100 SPEEDY$0.0003914$0.001169
500 SPEEDY$0.001957$0.005843
1000 SPEEDY$0.003914$0.01169
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Today vs. 1 year ago

Amount23:28 today1 year ago1Y change
0.5 SPEEDY$0.{5}1957$0.00
1 SPEEDY$0.{5}3914$0.00
5 SPEEDY$0.{4}1957$0.00
10 SPEEDY$0.{4}3914$0.00
50 SPEEDY$0.0001957$0.00
100 SPEEDY$0.0003914$0.00
500 SPEEDY$0.001957$0.00
1000 SPEEDY$0.003914$0.00

Speedy price prediction

What will the price of SPEEDY be in 2025?

Based on SPEEDY's historical price performance prediction model, the price of SPEEDY is projected to reach -- in 2025.

What will the price of SPEEDY be in 2030?

In 2030, the SPEEDY price is expected to rise by -18.00%. By the end of 2030, the SPEEDY price is projected to reach --, with a cumulative ROI of 0.00%.
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Buy Speedy for 1 NOK
A welcome pack worth 1000 USDT for new Bitgetters!
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Buy Speedy for 1 NOK
A welcome pack worth 1000 USDT for new Bitgetters!
Buy Speedy now


Buy Speedy for 1 NOK

A welcome pack worth 1000 USDT for new Bitgetters!

Buy Speedy now
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