𝐍𝐎𝐊 𝐭𝐨 𝐈𝐍𝐑: Norwegian Kroner To Indian Rupee Online

Before you absorb yourself entirely into the conversion process of NOK to INR, you must first understand the notion behind these currencies. NOK is an official currency of Norway and its dependent territories, while INR is the currency of India. 

INR, India Rupee, has a vibrant history and the NOK. To know what they are, how they started, how different they are, related to each other, and more. 

Overview of NOK(Norwegian Krone)

NOK is the abbreviation of Norwegian Krone and is the official currency of Norway and its territories. It is also known as Krone, which usually means “the crown” in English. NOK is the currency code for Norwegian Krone and is represented by the symbol “kr.” 

100 øre forms one NOK. Krones are issued in the form of coins and banknotes. While coins have denominations of 1, 5, 10, and 20 Krones, banknotes are categorised into 50, 100, 200, 500, and 1,000 denominations. 

In April 2010, the Krone was the thirteenth most traded currency globally by value. It went down three positions from 2007. 

History of NOK(Norwegian Krone)

Norwegian Krone started circulating in the country for the first time in 1875. It replaced the speciedaler. Earlier, four Kroner used to form one speciedaler. Following the switch, Norway shook hands with Scandinavian Monetary Union and formed an alliance that continued until the outburst of World War I. 

At the time, the Norwegian Krone served as the gold standard. One kilogram of gold would amount to 2,480 Kroner. However, in 1931, the use of the NOK as a gold standard ended. 

In 1939, NOK was pegged to the USD (U.S. Dollar). Nevertheless, the currency was pegged to Reichsmark during the German occupation of Norway at the time of World War II. Nonetheless, the currency was pegged to GBP (the British Pound) at the war’s end.

Overview of INR(Indian Rupee)

INR is the currency code for Indian Rupee and is an official currency of India. 100 paise (singular paise) forms 1 Rupee. The symbol “₹ usually represents Indian Rupee”. Until 2019, the paisa used to be the lowest denomination of a Rupee, but as of 2019, coins of ₹1 became the lowest value in use. Paisa lost its value and isn’t in use anymore. 

Indian Rupees are issued in the form of coins and banknotes. While coins are issued in the denominations of ₹ 1, 2, 5, and 10, banknotes are denominations of ₹ 5, 10, 20, 50, 100, 200, 500, and 2,000. 

INR coins and banknotes are issued and managed by the Reserve Bank of India (RBI) and governed by the Reserve Bank of India Act, 1934. Before ₹, Rs. used to be the symbol of Indian Rupees. However, in 2010, the country adopted this new symbol which is a mixture of a Devanagari consonant “र” (ra) and the Latin capital letter “R”, without its vertical bar. 

History of INR(Indian Rupee)

Indian Rupee has a rich history and dates back to ancient times, circa 6th Century BCE. Primitive, right? India used to be one of the earliest coin issuers globally, along with the Chinese Wen and Lydian Staters. 

Chanakya (Prime Minister to Chandragupta Maurya, the first Maurya Emperor) defined the silver coin as rūpyarūpa in Arthashashtra. Later, Sultan Sher Shah Suri, during his five-year reign from 1540 to 1545, issued the silver coin of weight 178 grains (or 11.53 grams). This coin was called the Rupiya. 

The new symbol of Rupee “₹” was officially adopted in 2010. 

NOK to INR Forecast

As of 24th February 2022, the value of 1 NOK is equivalent to 8.40 INR. However, tomorrow and over the years, this value will change. The chart below showcases the NOK to INR forecast until February 2027. 

Convert NOK to INR

Converting NOK to INR is fairly easy. Simply multiply the value of NOK by 8.40 (as 1 NOK = 8.40, as of 24 February 2022). Solve the equation, and you will get the value of INR.

Mathematically, the formula for Norwegian Krone to Indian Rupee conversion can be expressed as follows:

INR = value of NOK x 8.40

Now all you need to do is put your calculation skills into play. To understand this better, let us solve a few examples:

Example 1: Convert 51 Krone to INR

Sol: Putting the value of Krone in the above formula, we will get-

INR = 51 x 8.40 = 428.4

Hence, 51 NOK is equivalent to 428.4 Norwegian Krone

Example 2: Convert 200 Norwegian Krone to INR

Sol: Following the same process as above, we will get-

INR = 200 x 8.40 = 1680

Therefore, 200 NOK is equivalent to 1680 Indian Rupees

Example 3: Convert 500 NOK to Rupee

Sol: Following the conversion process of Norway currency in Indian Rupees, we will get-

INR = 500 x 8.40 = 4200

Thus, 500 NOK is equivalent to 4200 Indian Rupee

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NOK vs INR

NOK and INR are currencies of different countries, but they have distinctions in various other contexts. To know what they, glance through the table below:

NOK to INR Conversion Chart

This conversion chart is based on the value of 1 NOK equivalent to 8.40 INR, as of 24th February 2022. 

FAQ’s about Convert NOK to INR