Canadian Dollar to Norwegian Krone

The Canadian dollar (symbol: CA$, code: CAD, number 124) is Canada's monetary unit since 1858. It is subdivided into 100 cents. The Canadian currency is among the most traded on the world currency market.

The CAD exchange rate largely depends on the state of the economy of the neighboring United States and the changing position of the US dollar. Although several generations of dollars have already been produced in the country, old issues are still accepted. All banknotes printed after 1935 remain legal tender.

The Norwegian krone (symbol: kr, code: NOK, number 578) is the national currency of Norway, valid in the country since 1874 to have replaced the Norwegian daler. Although nominally the krone is subdivided into 100 ore, coins denominations of less than 1 crone have been discontinued, and ore has existed only electronically since 2012. The banknotes design bears traditional Scandinavian decorations depicting ships, lighthouses, sea waves, cod.

The exchange rate varies depending on oil prices and other economic factors. The average inflation index is low,e.g. in autumn 2019 it was only 1.8%. During 2017 - 2019, all old banknotes were replaced in the country. They can be exchanged in banks until 2028.