A brief history on Norwegian currency

Here's what you need to know about Norwegian currency.

If you're heading on a Norwegian cruise, you might have a lot of questions about this Scandinavian country. From foods to transportation to language, you are going to experience a completely different culture. That includes money, too. Here's what you need to know about Norwegian currency.

All about the currency

The currency for Norway is called the krone. In English, the name means crown. It was introduced in 1875 and replaced the previous currency known as the Norwegian speciedaler. In 1875, coins were introduced in denominations of 10 and 50 re and 1 and 10 kroner. Between 1875 and 1878, the new coinage denominations were expanded to 1, 2, 5, 10, 25, and 50 re and 1, 2, and 10 kroner. The 1, 2, and 5 re were bronze, the 10, 25, and 50 re as well as the 1 and 2 kroner were in silver, and the 10 and 20 kroner were in gold.

They stopped producing gold coins in 1910, and silver was replaced by cupro-nickel in 1920. In 1917 to 1921, iron temporarily replaced the bronze. During the Second World War, zinc was used in place of cupro-nickel in the 10, 25 and 50 re coins, and production of the 1 krone piece was suspended. In 1963, Norway got a new coin with the 5 kroner but lost the 1 and 2 re coins in 1972. In 1982, the country ceased the production of the 25 re. In 1983, ten-kroner coins were introduced. The country introduced 50 re coins, but withdrew them in 2012. However, banks will still exchange the coin until 2022. As of 2015, legal coins include 50, 1, 5, 10 and 20 kroner.

The conversions

According to X-rates, a site that converts different currencies across the world, the conversion rate between a U.S. dollar and a Norweigan krone is 8.56. However, exchange rates are always subject to change. Be sure to check the current rates before going on your cruise. That way, you can determine the amount of money you'd like to bring and spend.

Where to convert money

You want to make sure you are ready for your cruise. Here are some places to convert your money:

  • Airport kiosks. If you're flying to your cruise's take off spot or just live near an airport, this is a quick way to exchange currency.
  • International ATMs. Note: Be careful because fees can be very high but are usually cheaper than airport kiosk fees.
  • Currency exchange. This the easiest place to convert money, but lines can be long.

Keep in mind that most places overseas take credit cards. However, if you plan on adventuring into the small Norweigan towns, you will come across many places that only accept krones. So be sure to take out some money to spend on novelty items and cultural dishes. You never know what excursions you will embark on!