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VELO to NOK Converter and calculator

VELO/NOK: 1 VELO = 0.5558 NOK. The price of converting 1 Velodrome Finance (VELO) to Norwegian Krone (NOK) is 0.5558 NOK today.
VELO
VELO
NOK
Last updated as of 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter provides VELO to NOK real-time exchange rates, making it easy to convert Velodrome Finance (VELO) to Norwegian Krone (NOK). The conversion result is based on real-time data. The conversion result shows that 1 VELO is currently valued at 0.56 NOK. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 VELO is currently valued at 0.56 NOK, which means buying 5 VELO would cost 2.78 NOK. Similarly, kr1 NOK can be converted to 1.8 VELO, and kr50 NOK can be converted to 9 VELO, excluding any platform or gas fees.

Convert VELO to NOK

Convert NOK to VELO

Velodrome Finance
Norwegian Krone
5000 VELO
2,779.02  NOK
10000 VELO
5,558.03  NOK
In the table above, you'll find a comprehensive VELO to NOK converter that shows the value of Velodrome Finance in Norwegian Krone across commonly used conversion amounts. The list covers conversions from 1 VELO to NOK, all the way up to 10000 VELO, providing a clear view of their respective values.
Norwegian Krone
Velodrome Finance
10000 NOK
17,991.98 VELO
50000 NOK
89,959.9 VELO
100000 NOK
179,919.81 VELO
In the table above, you'll find a comprehensive NOK to VELO converter that shows the value of Norwegian Krone in Velodrome Finance across commonly used conversion amounts. The list covers conversions from 1 NOK to VELO, all the way up to 100000 NOK, providing a clear view of their respective values.

VELO to NOK chart

VELO/NOK: 1 VELO = 0.5558 NOK; 2025/04/27 09:28:51
In the past 1D, Velodrome Finance has changed -2.66% to NOK. Based on the trend and price charts, Velodrome Finance(VELO) has changed -2.66% to NOK while Norwegian Krone(NOK) has changed % to VELO in the last 24 hours.
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VELO to NOK conversion data: Volatility and price changes of Velodrome Finance in NOK

The highest Velodrome Finance price in NOK over the past 7 days was 0.5850 NOK while the lowest Velodrome Finance price in NOK over the past 7 days was 0.4581 NOK. The relative change between the highs and lows in Velodrome Finance price in NOK over the last 7 days indicates a volatility of %. You can view additional volatility data and VELO to NOK prices for the past 24 hours, 30 days, and 90 days in the table above.
Last 24 hoursLast 7 daysLast 30 daysLast 90 days
High
0.5800 NOK
0.5850 NOK
0.6053 NOK
1.09 NOK
Low
0.5514 NOK
0.4581 NOK
0.3729 NOK
0.3729 NOK
Average
0 NOK
0 NOK
0 NOK
0 NOK
Volatility
%
%
%
%
Change
-2.66%
+18.65%
-1.18%
-41.32%

Velodrome Finance information

VELO to NOK market statistics

VELO/NOK:
kr0.5558
VELO 24h volume:
kr59,451,270.11
VELO market cap:
kr508,672,469.96
VELO circulating supply:
915.20M VELO

Current VELO to NOK exchange rate

Velodrome Finance to Norwegian Krone is rising this week.
Velodrome Finance's current market price is kr0.5558 per VELO, with a total market cap of kr508,672,469.96 NOK based on a circulating supply of 915,202,500 VELO. The trading volume of Velodrome Finance has changed by -34.30% (kr-31,044,199.29 NOK) in the last 24 hours. Last trading day, VELO's trading volume was kr90,495,469.4.

More info about Velodrome Finance on Bitget

Norwegian Krone information

About the Norwegian Krone (NOK)

What Is the Norwegian Krone (NOK)?

The Norwegian Krone (NOK), symbolized as "kr" and often abbreviated as NKr, is the official currency of Norway, including its overseas territories and dependencies of Svalbard, Bouvet Island, Queen Maud Land, and Peter I Island. The term "Krone" translates to "crown" in English. It is subdivided into 100 øre, although the øre ceased to exist in physical form in 2012 and now exists only electronically.

The Norwegian Krone (NOK) is issued by Norges Bank, which is the central bank of Norway. Norges Bank is responsible for the production and distribution of the country's currency and also plays a key role in determining and implementing monetary policy in Norway. This includes managing the country's foreign exchange reserves and ensuring financial stability. The bank's decisions and policies directly influence the value and stability of the Norwegian Krone.

What Is the History of NOK?

The Krone was introduced in 1875, replacing the Norwegian speciedaler at a rate of 4 Krone = 1 speciedaler, as Norway joined the Scandinavian Monetary Union. This union, which also included Denmark and Sweden, was based on a gold standard, with 2,480 Krone equaling 1 kilogram of pure gold. The union dissolved in 1914, but the Krone remained Norway's currency. During World War II, the Krone was pegged to the Reichsmark, and post-war, it was pegged to the British pound and later the U.S. dollar. In 1992, Norway shifted to a floating exchange rate due to heavy speculation against the Krone.

Notes and Coins of NOK

Norwegians use both coins and banknotes for transactions. Coins come in denominations of 1, 5, 10, and 20 kroner, while banknotes are available in 50, 100, 200, 500, and 1,000 kroner. The banknotes feature images of prominent Norwegians and are known for their unique and modern designs, celebrating Norway’s maritime history and culture.

Exchange Rate and Economic Influence

The value of the Krone is significantly influenced by changes in oil prices and interest rates, reflecting Norway's status as a major oil exporter. The Krone’s exchange rate against other currencies, like the USD and Euro, varies considerably, often correlating with global oil market trends. For instance, during the oil crisis of 2015, the Krone fell 20% against the dollar.

Norway is moving towards becoming a cashless society, with a high level of digitalization in financial transactions. Payment apps like Vipps are popular, and the use of cash is declining, although it is still accepted, especially among older generations and in smaller retail shops.

Why Doesn’t Norway Use the Euro?

Norway does not use the euro primarily because it is not a member of the European Union (EU). As a member of the European Economic Area (EEA), Norway enjoys access to the EU's single market without the obligations of EU membership, including adopting the euro. This arrangement allows Norway to maintain economic and monetary sovereignty, enabling it to tailor its monetary policy to its unique economic conditions, especially important given its significant oil and gas revenues. Additionally, there is considerable public and political support in Norway for maintaining the Norwegian Krone (NOK), as evidenced by the results of referendums in 1972 and 1994, where Norwegian voters opted against joining the EU. The stability and strength of Norway's economy and its currency further reinforce the decision to retain the Krone instead of adopting the euro.

Is NOK a Stable Currency?

The Norwegian Krone is generally considered a stable currency, largely due to Norway's robust economy, which is underpinned by significant revenues from its oil and gas industries. As a petroleum-based currency, the NOK's value can be influenced by fluctuations in oil prices, but Norway's prudent fiscal management, including the establishment of the Government Pension Fund Global (often referred to as the Oil Fund), helps mitigate these effects. This fund invests surplus revenues from the petroleum sector in international financial markets, providing a buffer against economic shocks. Additionally, Norway's low debt levels, strong sovereign credit ratings, and effective monetary policies by Norges Bank (the country's central bank) contribute to the Krone’s overall stability.

Bitget crypto-to-fiat exchange data shows that the most popular Velodrome Finance currency pair is the VELO to NOK, with for Velodrome Finance's currency code being VELO. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for NOK.

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How to convert VELO to NOK

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VELO to NOK Conversion tables

The exchange rate of Velodrome Finance is decreasing.
The exchange rate of 1 VELO to Norwegian Krone has changed by +18.65% in the last 7 days. In the last 24 hours, the rate has fluctuated by -2.66%, reaching a high of 0.5800 NOK and a low of 0.5514 NOK . One month ago, the value of 1 VELO was kr0.5624 NOK , which represents a -1.18% change from its current value. Over the last year, Velodrome Finance has changed by
-kr
1.13NOK
, resulting in a change of -66.91% in its value.
24 hours ago1 month ago1 year ago
Amount09:28 am today24 hours ago24h change
0.5 VELOkr0.2779kr0.2855
-2.66%
1 VELOkr0.5558kr0.5711
-2.66%
5 VELOkr2.78kr2.86
-2.66%
10 VELOkr5.56kr5.71
-2.66%
50 VELOkr27.79kr28.55
-2.66%
100 VELOkr55.58kr57.11
-2.66%
500 VELOkr277.9kr285.53
-2.66%
1000 VELOkr555.8kr571.06
-2.66%

VELO to NOK FAQ

How much is 1 Velodrome Finance in NOK?
Right now, the price of 1 Velodrome Finance (VELO) in Norwegian Krone (NOK) is kr0.5558.
How much VELO can I buy for 1 NOK?
Based on the current exchange rate, you can get 1.8 VELO for 1 NOK.
How do I calculate or convert VELO to NOK?
You can use our VELO to NOK calculator at the top of this page to convert any amount of VELO to NOK. We've also included quick-reference tables for the most popular conversions. For example, 5 NOK is equivalent to 9 VELO, while 5 VELO will cost around 2.78NOK.
What is the highest price of VELO/NOK in history?
The all-time high price of 1 VELO in NOK is kr4.43. It remains to be seen if the value of 1 VELO/NOK will exceed the current all-time high.
What is the price trend of Velodrome Finance in NOK?
Over the past 7 days, the exchange rate of Velodrome Finance (VELO) has gone up by 18.65%.   Over the last month, the exchange rate of Velodrome Finance (VELO) has gone down by 1.18% against Norwegian Krone (NOK).

What factors influence the conversion rate of VELO to NOK?

There are many factors that affect the relationship between Velodrome Finance and Norwegian Krone, spanning multiple dimensions such as macroeconomic trends, policy regulation, and technological innovation. Specifically, the following key factors play an important role:
Market sentiment:Investor sentiment and confidence have a significant impact on the dynamics of VELO/NOK. When there is positive news in the market about the widespread adoption of VELO or major technological breakthroughs, it tends to trigger market optimism and drive the rise of VELO/NOK. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in VELO/NOK.
Regulatory environment:Government policies and regulations surrounding cryptocurrencies have a direct impact on their acceptance, which in turn determines their value relative to traditional currencies such as the US dollar. Clear and supportive regulations can enhance investor confidence in cryptocurrencies and drive their value up. Conversely, vague or overly strict regulatory policies may hinder the development of cryptocurrencies and cause their value to fall.
Economic indicators:Macroeconomic factors in the country where the fiat currency is issued—such as inflation rates, interest rates, and key economic growth indicators—play a crucial role in determining the fiat currency's value and indirectly affect the exchange rate of VELO/NOK. For example, high inflation rates may lead to a decrease in market trust in fiat currencies, thereby increasing investors' demand for cryptocurrencies such as Bitcoin as a hedge, driving up their prices.
Technological progress:The continuous development and innovation of blockchain technology, as well as various improvements in the cryptocurrency ecosystem—such as expansion solutions and security enhancements—have provided strong support for the value growth of cryptocurrencies like Bitcoin.
Investors must understand these dynamics to avoid making wrong decisions. After considering these factors, investors should also closely monitor future changes in the price of Velodrome Finance and adjust their investment strategies accordingly in the evolving market.

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This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Bitget to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Bitget exchange as well as other cryptocurrency exchanges and market data platforms. Bitget may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Bitget is not liable for any errors or delays in content or for any actions taken in reliance on any content.