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Currency.Wiki
Updated 2 minutes ago
 CAD =
    NOK
 Canadian Dollar =  Norwegian Kroner
Trending: CA$ exchange rates for the last 24 hours
  • CAD/USD 0.695707 -0.02410599
  • CAD/EUR 0.667620 0.00116378
  • CAD/JPY 108.595203 -1.02149538
  • CAD/GBP 0.562988 0.00762025
  • CAD/CHF 0.631039 0.00708273
  • CAD/MXN 14.171986 -0.21268160
  • CAD/INR 60.169364 -0.36851588
  • CAD/BRL 4.121437 0.01310519
  • CAD/CNY 5.069477 -0.05638251

CAD/NOK exchange rate analysis over the past 90 days

Canadian Dollar to Norwegian Krone exchange rate: Over the last 90 days, the Canadian Dollar weakened by -0.70% against the Norwegian Krone, declining from Nkr7.8987 to Nkr7.8434 per Canadian Dollar. This trend reflects the evolving economic dynamics between the Canada and the Norway, Svalbard and Jan Mayen, Bouvet Island. Factors contributing to this weakening may include:

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

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

CA$

Canadian Dollar Currency

Country: Canada

Symbol: CA$

ISO Code: CAD

Bank: Bank of Canada

Interesting fact about Canadian Dollar

The Canadian Dollar (CAD), Canada's official currency, is administered by the Bank of Canada. Established in 1858, the CAD supplanted numerous colonial currencies. Renowned for its stability and reliability, it is a cornerstone of Canada's economic framework, facilitating international trade and investments.

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.

Quick Conversion Guide

Frequently Asked Questions

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The Canadian Dollar to Norwegian Krone 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 CAD to NOK is Nkr7.84.
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Yes, our site provides historical charts that show the trends and fluctuations in the Canadian Dollar to Norwegian Krone 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.