Taiwan New Dollar to Norwegian Krone

The new Taiwanese dollar (sign NT$, code TWD) is the national currency of Taiwan, issued by the bank of this Asian state. The currency is called yuan or kuai within the country. It is not used outside Taiwan.

One new Taiwanese dollar can be exchanged for 100 dimes. The new Taiwanese dollar took the place of the old one. The name is only used in the full form when it comes to legal documents and bank operations. It is necessary in order to avoid confusion.

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.