NOK to MAD Exchange Rate Today
Norwegian Krone to Moroccan Dirham conversion for the Moroccan community in Norway. Our NOK/MAD calculator provides 30-minute rate updates for remittances from Oslo, Bergen, Trondheim to Casablanca, Rabat, Fes across Morocco.
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Sending 1,000.00 NOK → MAD
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Mid-Market Rate
After Fees
Exchange rate: Real-time mid-market rate from OpenExchangeRates API. Transfer fees: Based on typical provider fees.Note: Providers may offer different exchange rates than the mid-market rate shown. Always check the provider's website for their actual exchange rate and final pricing before sending.
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Frequently Asked Questions
What is today's Norwegian Krone to Moroccan Dirham rate?
The NOK to MAD exchange rate typically ranges between 0.92-1.02 MAD per 1 NOK. Since Norway is a major oil exporter and NOK is oil-linked, Brent crude prices heavily influence this rate. With a growing Moroccan community in Norway (working in healthcare, cleaning services, and construction), NOK to MAD is an active Nordic-North Africa remittance corridor. Check our live converter for today's exact rate from OpenExchangeRates.
Which is the cheapest way to send money from Norway to Morocco?
Moroccans in Oslo, Bergen, and Trondheim sending to Casablanca, Rabat, or Fes have several options: Wise (TransferWise) offers the best NOK to MAD rates with 0.5-1% margins, Remitly specializes in Norway-Morocco transfers with competitive pricing, Western Union and MoneyGram have extensive Morocco networks (branches in every city), Ria Money Transfer offers good rates for Nordic-Morocco corridor, and Norwegian banks like DNB, Nordea Norge, and SpareBank 1 charge higher fees (NOK 100-250 plus 2-3% margin). Money transfer operators save NOK 150-350 per transaction compared to banks.
Why does NOK to MAD rate fluctuate significantly?
NOK/MAD is volatile because NOK is an oil-linked currency. Key factors: Brent crude oil prices (Norway is Europe's largest oil producer), Norges Bank interest rate decisions, Norway's sovereign wealth fund movements (world's largest at $1.4 trillion), Morocco's economic performance and tourism sector, Bank Al-Maghrib policy, and Euro strength (Morocco trades with EU). When oil prices surge, NOK strengthens sharply. When MAD weakens due to low tourism or poor harvests, you get more dirhams per krone. This oil-tourism dynamic creates high volatility.
Do Norwegian banks give fair NOK to MAD exchange rates?
Norwegian banks (DNB, Nordea Norge, SpareBank 1) typically charge 2-4% margins on NOK to MAD conversions plus NOK 100-300 transfer fees. Online platforms and money transfer operators offer much better value: Wise charges 0.5-1% with transparent fees around NOK 50-100, Remitly provides competitive rates with fast delivery to Morocco, and Western Union offers transparent pricing. For a NOK 5,000 transfer, using Wise instead of DNB can save you NOK 200-450 in total costs. Vipps doesn't support international transfers.
Best time to send Krones to Morocco?
Monitor Brent crude oil prices (primary NOK driver), Norges Bank policy meetings (typically 8 times per year), OPEC+ production decisions, Morocco's tourism season (summer brings foreign currency), Bank Al-Maghrib announcements, and Euro/MAD movements. When NOK strengthens (oil boom, high petroleum revenues) or MAD weakens (low tourism, agricultural issues, inflation), you receive more dirhams per krone. Watch: Norwegian oil production reports, Equinor earnings, Morocco's tourism statistics, phosphate prices, and harvest forecasts. For monthly family support, regular transfers average out oil volatility. For large transfers like property or weddings, timing oil price peaks or post-summer tourism decline maximizes dirham value.