🇬🇧 GBP vs 🇳🇴 NOK: Currency Strength Comparison
Data updated: November 6, 2026
On November 6, 2026, one British Pound bought 12.62 NOK at the official reference rate, so per unit the British Pound is worth more. A higher unit value only reflects how each currency is denominated, not which one is gaining: over the past 12 months GBP weakened by 5.2% against NOK, so on momentum the Norwegian Krone (NOK) is the stronger of the two.
Adjusted for consumer-price inflation in both economies, GBP lost 5.3% in real terms against NOK over the same period.
GBP relative to NOK
Positive values mean GBP strengthened against NOK.
GBP vs NOK over the last three years
GBP against NOK, index 100 on November 6, 2023. A rising line means GBP gained on NOK. Dashed: the same, adjusted for consumer-price inflation in both economies. Green dot: 3-year high, red: 3-year low.
- 3-year high: 105.1 on July 25, 2024, when GBP was at its strongest against NOK in the period.
- 3-year low: 90.5 on October 28, 2026.
- Now: 92.5, 12% below the high and 2.2% above the low.
- Sharpest one-month move: GBP rose 6.9% against NOK between June 25, 2024 and July 25, 2024, around the time of “BoE starts cutting” (🇬🇧 August 1, 2024).
What moved GBP and NOK
- · 🇳🇴 Oil tops $108 as Iran targets Hormuz shipping — Escalation in the Strait of Hormuz extends the energy windfall for oil-exporting Norway
- · 🇳🇴 US-Israel strikes trigger Iran war — Coordinated strikes on Iran spark a new Middle East conflict, sending oil prices sharply higher
- · 🇬🇧 Reeves delivers Autumn Budget — Chancellor Rachel Reeves raises taxes and extends threshold freezes, easing gilt-market fears
- · 🇳🇴 Norges Bank cuts to 4.25% — Norges Bank delivers its first cut of the cycle, lowering the rate to 4.25%
- · 🇬🇧 BoE starts cutting — Bank of England cuts rates for first time since 2020
- · 🇳🇴 Norges Bank peak rate — Norges Bank raises to 4.50%, highest since 2008
Major central-bank decisions, elections and shocks for the two currencies since November 6, 2023. The interactive chart marks them on the line.
Performance against 15 major currencies
| Currency | 12-month change vs basket | Rank |
|---|---|---|
| 🇬🇧 British Pound (GBP) | +3.5% | #4 of 16 |
| 🇳🇴 Norwegian Krone (NOK) | +9.6% | #1 of 16 |
Open the interactive GBP/NOK chart →
How this comparison works
Each currency's strength index starts at 100 and accumulates its daily change against 15 other major currencies (a geometric mean of pairwise exchange-rate moves), using European Central Bank reference rates and other official sources. The relative figures above divide GBP's index by NOK's, so they reflect the two currencies' performance against each other while accounting for the whole basket. The real variant additionally adjusts each currency for its domestic CPI inflation.
Read the full methodology →Frequently asked questions
Is GBP stronger than NOK right now?
It depends on the question. Per unit, 1 GBP = 12.62 NOK (reference rate, November 6, 2026), so the British Pound is worth more. As for which one is gaining, over the past 12 months GBP weakened by 5.2% against NOK, so on momentum the Norwegian Krone (NOK) is the stronger of the two.
How do GBP and NOK perform against other major currencies?
Against a basket of 15 major currencies over the past 12 months, GBP ranks #4 of 16 (+3.5%) while NOK ranks #1 (+9.6%).
What does the GBP vs NOK strength comparison show?
Rather than a single exchange rate, this page compares how each currency performed against a basket of 15 major currencies, then derives their relative strength. It filters out moves caused by the other currency alone and shows who is truly stronger.
How often is the data updated?
Every trading day (Monday to Friday), after the European Central Bank publishes its reference rates, usually around 16:00 CET.