🇳🇴 NOK vs 🇳🇿 NZD: Currency Strength Comparison
Data updated: September 23, 2026
As of September 23, 2026, the Norwegian Krone (NOK) is the stronger of the two: over the past 12 months NOK strengthened by 7.8% against NZD.
Adjusted for consumer-price inflation in both economies, NOK gained 10.6% in real terms against NZD over the same period.
NOK relative to NZD
Positive values mean NOK strengthened against NZD.
Performance against 15 major currencies
| Currency | 12-month change vs basket | Rank |
|---|---|---|
| 🇳🇴 Norwegian Krone (NOK) | +7.1% | #2 of 16 |
| 🇳🇿 New Zealand Dollar (NZD) | -1.1% | #8 of 16 |
Open the interactive NOK/NZD 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 NOK's index by NZD'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 NOK stronger than NZD right now?
Measured over the past 12 months, NOK is the stronger currency: NOK gained 7.8% against NZD.
How do NOK and NZD perform against other major currencies?
Against a basket of 15 major currencies over the past 12 months, NOK ranks #2 of 16 (+7.1%) while NZD ranks #8 (-1.1%).
What does the NOK vs NZD 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.