Exotic pair
EUR/NOK: volatility, trading hours and correlation
The euro against the Norwegian krone. EUR/NOK has averaged 792 pips a day over the last 90 days, with recent volatility close to its one-year norm. It tends to move most between 07:00 and 10:00 UTC.
- Last close
- 10.59107 16 October 2026
- Avg daily range
- 792 pips 90 days · 0.75% of price
- 1-year change
- -9.97% EUR weaker vs NOK
- 52-week range
- 10.56476 – 12.01230 Low to high
EUR/NOK over the last 12 months
Daily closes
When EUR/NOK moves most
Average high-to-low range for each hour of the day over the last year, in pips (UTC). The busiest three-hour window is highlighted. 21:00–23:00 UTC includes the daily rollover, when spreads widen and bid prices dip, so those hours are left out of it.
Want these hours in your own time zone? Open forex market hours. To compare EUR/NOK with other pairs, read the most volatile hours in forex.
Average range by weekday
Pips, last 12 months. Friday is typically busiest and Wednesday quietest.
Calendar-year performance
% change in EUR/NOK each year, latest year to date
EUR/NOK seasonality
Average % change by calendar month across the last 9 years. April has been the strongest month on average and July the weakest. Seasonality is a tendency, not a forecast.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Avg change | -0.02% | +0.42% | +1.08% | +1.20% | -0.44% | +0.47% | -0.67% | +0.26% | +0.71% | +0.66% | +0.32% | -0.67% |
| Years up | 33% | 67% | 56% | 78% | 56% | 67% | 44% | 44% | 44% | 67% | 44% | 44% |
EUR/NOK correlation
Correlation of daily returns with other pairs. +1 means they move together, −1 means they move in opposite directions. How to use correlation.
Biggest daily moves in the last year
The five widest high-to-low days for EUR/NOK.
| Date | Range | Open to close | × normal day |
|---|---|---|---|
| 23 March 2026 | 3065 pips | +2.37% | 3.6× |
| 21 November 2025 | 1902 pips | +0.77% | 2.2× |
| 26 June 2026 | 1758 pips | +1.30% | 2.1× |
| 5 February 2026 | 1749 pips | +1.38% | 2.0× |
| 27 July 2026 | 1698 pips | +1.08% | 2.0× |
EUR/NOK pip value
Value of a one-pip move (0.0001) at the latest price.
| Account currency | Standard lot (1.00) | Mini lot (0.10) | Micro lot (0.01) |
|---|---|---|---|
 USD | 1.06 USD | 0.11 USD | 0.011 USD |
 EUR | 0.95 EUR | 0.09 EUR | 0.009 EUR |
 GBP | 0.80 GBP | 0.08 GBP | 0.008 GBP |
 NOK | 10.00 NOK | 1.00 NOK | 0.100 NOK |
About EUR/NOK
EUR/NOK shows how many Norwegian krones (NOK) it takes to buy one euro (EUR). When the price rises, the euro is strengthening against the Norwegian krone.
EUR is issued by the European Central Bank. It tends to respond to European Central Bank policy, eurozone inflation and growth data, and the spread between German and US bond yields.
NOK is issued by the Norges Bank. It tends to respond to Norges Bank policy and oil prices, since Norway is a major energy exporter.
With an average range of about 792 pips a day, a stop loss of 238–475 pips is roughly a third to two-thirds of a normal day for EUR/NOK. Always size your position from the stop distance with the lot size calculator.
EUR/NOK FAQ
What is the average daily range of EUR/NOK?
Over the last 90 days EUR/NOK moved an average of 792 pips from high to low each day, about 0.75% of its price. Over the past year the average was 853 pips, and over the last 20 trading days it was 784 pips.
What is the best time to trade EUR/NOK?
In the past year EUR/NOK was most active between 07:00 and 10:00 UTC, and the London session produced the largest average range (626 pips). The quietest hour was 04:00 UTC. Friday was its busiest weekday on average.
What is EUR/NOK most correlated with?
Based on daily returns over the last year, EUR/NOK moved most closely with USD/NOK (correlation 0.75) and most inversely with AUD/USD (-0.29).
How much is one pip worth on EUR/NOK?
One pip on EUR/NOK is 0.0001 of the price. For one standard lot (100,000 EUR) that is 10 NOK, or about $1.06 at the latest price. A mini lot is a tenth of that and a micro lot a hundredth.
Statistics are calculated by ForexSignals.io from Dukascopy hourly bid prices up to the 16 October 2026 close. Trading days run from 17:00 to 17:00 New York time, the same daily candles most MT4 and MT5 brokers show. Hourly figures cover the last 12 months, seasonality the last 9 full years. Data may contain errors and is not a trading recommendation.
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