Currency.Wiki
Updated 9 minutes ago
 ETB =
    NOK
 Ethiopian Birr =  Norwegian Kroner
Trending: Br exchange rates for the last 24 hours
  • ETB/USD 0.007885 -0.00063791
  • ETB/EUR 0.007508 -0.00017888
  • ETB/JPY 1.212218 0.01177039
  • ETB/GBP 0.006246 -0.00024226
  • ETB/CHF 0.007037 -0.00019142
  • ETB/MXN 0.158731 -0.00456730
  • ETB/INR 0.668790 -0.04616427
  • ETB/BRL 0.047645 0.00005690
  • ETB/CNY 0.057373 -0.00308691

ETB/NOK exchange rate analysis over the past 90 days

Ethiopian Birr to Norwegian Krone exchange rate: Over the last 90 days, the Ethiopian Birr weakened by -3.04% against the Norwegian Krone, declining from Nkr0.0905 to Nkr0.0879 per Ethiopian Birr. This trend reflects the evolving economic dynamics between the Ethiopia and the Norway, Svalbard and Jan Mayen, Bouvet Island. Factors contributing to this weakening may include:

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

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.

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 Ethiopian Birr 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 ETB to NOK is Nkr0.09.
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Yes, our site provides historical charts that show the trends and fluctuations in the Ethiopian Birr 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.