Norwegian Krone / Turkish Lira

NOK/TRY is the cross rate tracking how many lira one Norwegian krone is worth. The Norwegian krone is managed by Norway's central bank, Norges Bank. Norway is not a member of the European Union and conducts its monetary policy independently.

Oil and natural gas exports hold a decisive place in the Norwegian economy, so the krone is regarded as a currency linked to energy prices. The state's petroleum income is transferred to a sovereign wealth fund that invests in foreign assets and is managed by an investment unit within Norges Bank. Currency transactions related to this fund and fluctuations in energy prices play a role in the krone's path.

In NOK/TRY, the Turkish lira's general trend combines with the krone's moves against the euro and the dollar. Norges Bank interest rate decisions, the Brent oil price and global risk appetite are the main variables watched. The NOK/TRY value on Lzzo.com is an informational cross rate based on market exchange rates, not a bank buy/sell price; institutions' prices for physical currency trades may differ.