🇳🇴 NOK vs 🇵🇱 PLN: Currency Strength Comparison
Data updated: November 6, 2026
On November 6, 2026, one Polish Zloty bought 2.3964 NOK at the official reference rate, so per unit the Polish Zloty is worth more. A higher unit value only reflects how each currency is denominated, not which one is gaining: over the past 12 months NOK strengthened by 15.1% against PLN, so on momentum the Norwegian Krone (NOK) is the stronger of the two.
Adjusted for consumer-price inflation in both economies, NOK gained 15.5% in real terms against PLN over the same period.
NOK relative to PLN
Positive values mean NOK strengthened against PLN.
NOK vs PLN over the last three years
NOK against PLN, index 100 on November 6, 2023. A rising line means NOK gained on PLN. Dashed: the same, adjusted for consumer-price inflation in both economies. Green dot: 3-year high, red: 3-year low.
- 3-year high: 113.4 on November 3, 2026, when NOK was at its strongest against PLN in the period.
- 3-year low: 92.9 on March 5, 2025.
- Now: 110.5, 2.6% below the high and 18.9% above the low.
- Sharpest one-month move: NOK rose 6.6% against PLN between September 30, 2026 and October 30, 2026.
What moved NOK and PLN
- · 🇳🇴 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
- · 🇵🇱 Russian drones breach Polish airspace — NATO aircraft shoot down Russian drones over Poland, triggering NATO's 'Eastern Sentry' operation
- · 🇳🇴 Norges Bank cuts to 4.25% — Norges Bank delivers its first cut of the cycle, lowering the rate to 4.25%
- · 🇳🇴 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 |
|---|---|---|
| 🇳🇴 Norwegian Krone (NOK) | +9.6% | #1 of 16 |
| 🇵🇱 Polish Zloty (PLN) | -5.7% | #15 of 16 |
Open the interactive NOK/PLN 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 PLN'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 PLN right now?
It depends on the question. Per unit, 1 PLN = 2.3964 NOK (reference rate, November 6, 2026), so the Polish Zloty is worth more. As for which one is gaining, over the past 12 months NOK strengthened by 15.1% against PLN, so on momentum the Norwegian Krone (NOK) is the stronger of the two.
How do NOK and PLN perform against other major currencies?
Against a basket of 15 major currencies over the past 12 months, NOK ranks #1 of 16 (+9.6%) while PLN ranks #15 (-5.7%).
What does the NOK vs PLN 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.