🇳🇴 NOK vs 🇷🇺 RUB: Currency Strength Comparison
Data updated: November 6, 2026
On November 6, 2026, one Norwegian Krone bought 8.7553 RUB at the official reference rate, so per unit the Norwegian Krone 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 8.2% against RUB, so on momentum the Norwegian Krone (NOK) is the stronger of the two.
Adjusted for consumer-price inflation in both economies, NOK gained 10.4% in real terms against RUB over the same period.
NOK relative to RUB
Positive values mean NOK strengthened against RUB.
NOK vs RUB over the last three years
NOK against RUB, index 100 on November 6, 2023. A rising line means NOK gained on RUB. Dashed: the same, adjusted for consumer-price inflation in both economies. Green dot: 3-year high, red: 3-year low.
- 3-year high: 119.0 on December 2, 2024, when NOK was at its strongest against RUB in the period.
- 3-year low: 90.4 on July 17, 2025.
- Now: 103.1, 13.4% below the high and 14% above the low.
- Sharpest one-month move: NOK rose 14.4% against RUB between August 5, 2024 and August 29, 2024.
What moved NOK and RUB
- · 🇳🇴 Oil tops $108 as Iran targets Hormuz shipping — Escalation in the Strait of Hormuz extends the energy windfall for oil-exporting Norway
- · 🇷🇺 Trump envoys shuttle Moscow-Kyiv — US negotiators hold talks in Moscow before heading to Kyiv in a renewed push to end the war
- · 🇷🇺 CBR surprise cut to 14.00% — Bank of Russia defies expectations of a hold, trimming the key rate by 25bp
- · 🇷🇺 EU adopts 20th Russia sanctions package — The EU's largest sanctions round in two years targets Russian energy revenue and banks
- · 🇳🇴 US-Israel strikes trigger Iran war — Coordinated strikes on Iran spark a new Middle East conflict, sending oil prices sharply higher
- · 🇷🇺 US presents 28-point peace plan — A US peace proposal seen as favorable to Moscow raises hopes of eventual sanctions relief
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 |
| 🇷🇺 Russian Ruble (RUB) | +0.8% | #7 of 16 |
Open the interactive NOK/RUB 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 RUB'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 RUB right now?
It depends on the question. Per unit, 1 NOK = 8.7553 RUB (reference rate, November 6, 2026), so the Norwegian Krone is worth more. As for which one is gaining, over the past 12 months NOK strengthened by 8.2% against RUB, so on momentum the Norwegian Krone (NOK) is the stronger of the two.
How do NOK and RUB 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 RUB ranks #7 (+0.8%).
What does the NOK vs RUB 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.