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SOMM to NOK Converter and calculator

SOMM/NOK: 1 SOMM = 0.006205 NOK. The price of converting 1 Sommelier (SOMM) to Norwegian Krone (NOK) is 0.006205 NOK today.
SOMM
SOMM
NOK
Last updated as of 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter provides SOMM to NOK real-time exchange rates, making it easy to convert Sommelier (SOMM) to Norwegian Krone (NOK). The conversion result is based on real-time data. The conversion result shows that 1 SOMM is currently valued at 0.006205 NOK. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 SOMM is currently valued at 0.006205 NOK, which means buying 5 SOMM would cost 0.03103 NOK. Similarly, kr1 NOK can be converted to 161.15 SOMM, and kr50 NOK can be converted to 805.76 SOMM, excluding any platform or gas fees.

Convert SOMM to NOK

Convert NOK to SOMM

Sommelier
Norwegian Krone
1 SOMM
0.006205  NOK
Exchange 1 SOMM for 0.006205 NOK
2 SOMM
0.01241  NOK
Exchange 2 SOMM for 0.01241 NOK
5 SOMM
0.03103  NOK
Exchange 5 SOMM for 0.03103 NOK
10 SOMM
0.06205  NOK
Exchange 10 SOMM for 0.06205 NOK
20 SOMM
0.1241  NOK
Exchange 20 SOMM for 0.1241 NOK
50 SOMM
0.3103  NOK
Exchange 50 SOMM for 0.3103 NOK
100 SOMM
0.6205  NOK
Exchange 100 SOMM for 0.6205 NOK
200 SOMM
1.24  NOK
Exchange 200 SOMM for 1.24 NOK
500 SOMM
3.1  NOK
Exchange 500 SOMM for 3.1 NOK
1000 SOMM
6.21  NOK
Exchange 1000 SOMM for 6.21 NOK
5000 SOMM
31.03  NOK
Exchange 5000 SOMM for 31.03 NOK
10000 SOMM
62.05  NOK
Exchange 10000 SOMM for 62.05 NOK
In the table above, you'll find a comprehensive SOMM to NOK converter that shows the value of Sommelier in Norwegian Krone across commonly used conversion amounts. The list covers conversions from 1 SOMM to NOK, all the way up to 10000 SOMM, providing a clear view of their respective values.
Norwegian Krone
Sommelier
1 NOK
161.15 SOMM
Exchange 1 NOK for 161.15 SOMM
10 NOK
1,611.52 SOMM
Exchange 10 NOK for 1,611.52 SOMM
50 NOK
8,057.61 SOMM
Exchange 50 NOK for 8,057.61 SOMM
100 NOK
16,115.21 SOMM
Exchange 100 NOK for 16,115.21 SOMM
200 NOK
32,230.42 SOMM
Exchange 200 NOK for 32,230.42 SOMM
500 NOK
80,576.06 SOMM
Exchange 500 NOK for 80,576.06 SOMM
1000 NOK
161,152.12 SOMM
Exchange 1000 NOK for 161,152.12 SOMM
2000 NOK
322,304.23 SOMM
Exchange 2000 NOK for 322,304.23 SOMM
5000 NOK
805,760.58 SOMM
Exchange 5000 NOK for 805,760.58 SOMM
10000 NOK
1,611,521.16 SOMM
Exchange 10000 NOK for 1,611,521.16 SOMM
50000 NOK
8,057,605.8 SOMM
Exchange 50000 NOK for 8,057,605.8 SOMM
100000 NOK
16,115,211.6 SOMM
Exchange 100000 NOK for 16,115,211.6 SOMM
In the table above, you'll find a comprehensive NOK to SOMM converter that shows the value of Norwegian Krone in Sommelier across commonly used conversion amounts. The list covers conversions from 1 NOK to SOMM, all the way up to 100000 NOK, providing a clear view of their respective values.

SOMM to NOK chart

SOMM/NOK: 1 SOMM = 0.006205 NOK; 2025/12/25 05:25:15
In the past 1D, Sommelier has changed +5.22% to NOK. Based on the trend and price charts, Sommelier(SOMM) has changed +5.22% to NOK while Norwegian Krone(NOK) has changed % to SOMM in the last 24 hours.
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SOMM to NOK conversion data: Volatility and price changes of Sommelier in NOK

The highest Sommelier price in NOK over the past 7 days was 0.008120 NOK while the lowest Sommelier price in NOK over the past 7 days was 0.005034 NOK. The relative change between the highs and lows in Sommelier price in NOK over the last 7 days indicates a volatility of %. You can view additional volatility data and SOMM to NOK prices for the past 24 hours, 30 days, and 90 days in the table above.
Last 24 hours Last 7 days Last 30 days Last 90 days
High
0.006205 NOK
0.008120 NOK
0.01342 NOK
0.04808 NOK
Low
0.005591 NOK
0.005034 NOK
0.005034 NOK
0.005034 NOK
Average
0 NOK
0 NOK
0 NOK
0 NOK
Volatility
%
%
%
%
Change
+5.22%
-22.15%
-40.39%
-78.90%

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Sommelier information

SOMM to NOK market statistics

SOMM/NOK:
kr0.006205
SOMM 24h volume:
kr571.86
SOMM market cap:
--
SOMM circulating supply:
0 SOMM

Current SOMM to NOK exchange rate

Sommelier to Norwegian Krone is falling this week.
Sommelier's current market price is kr0.006205 per SOMM, with a total market cap of kr0 NOK based on a circulating supply of -- SOMM. The trading volume of Sommelier has changed by 0.00% (kr0 NOK) in the last 24 hours. Last trading day, SOMM's trading volume was kr571.86.

More info about Sommelier 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 Sommelier currency pair is the SOMM to NOK, with for Sommelier's currency code being SOMM. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for NOK.

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SOMM to NOK Conversion tables

The exchange rate of Sommelier is decreasing.
The exchange rate of 1 SOMM to Norwegian Krone has changed by -22.15% in the last 7 days. In the last 24 hours, the rate has fluctuated by +5.22%, reaching a high of 0.006205 NOK and a low of 0.005591 NOK . One month ago, the value of 1 SOMM was kr0.01041 NOK , which represents a -40.39% change from its current value. Over the last year, Sommelier has changed by
-kr
0.1608NOK
, resulting in a change of -96.29% in its value.
24 hours ago1 month ago1 year ago
Amount 05:25 am today 24 hours ago 24h change
0.5 SOMM
kr0.003103kr0.002949
+5.22%
1 SOMM
kr0.006205kr0.005898
+5.22%
5 SOMM
kr0.03103kr0.02949
+5.22%
10 SOMM
kr0.06205kr0.05898
+5.22%
50 SOMM
kr0.3103kr0.2949
+5.22%
100 SOMM
kr0.6205kr0.5898
+5.22%
500 SOMM
kr3.1kr2.95
+5.22%
1000 SOMM
kr6.21kr5.9
+5.22%

SOMM to NOK FAQ

How much is 1 Sommelier in NOK?
Right now, the price of 1 Sommelier (SOMM) in Norwegian Krone (NOK) is kr0.006205.
How much SOMM can I buy for 1 NOK?
Based on the current exchange rate, you can get 161.15 SOMM for 1 NOK.
How do I calculate or convert SOMM to NOK?
You can use our SOMM to NOK calculator at the top of this page to convert any amount of SOMM to NOK. We've also included quick-reference tables for the most popular conversions. For example, 5 NOK is equivalent to 805.76 SOMM, while 5 SOMM will cost around 0.03103NOK.
What is the highest price of SOMM/NOK in history?
The all-time high price of 1 SOMM in NOK is kr4.17. It remains to be seen if the value of 1 SOMM/NOK will exceed the current all-time high.
What is the price trend of Sommelier in NOK?
Over the past 7 days, the exchange rate of Sommelier (SOMM) has gone down by 22.15%.   Over the last month, the exchange rate of Sommelier (SOMM) has gone down by 40.39% against Norwegian Krone (NOK).

What factors influence the conversion rate of SOMM to NOK?

There are many factors that affect the relationship between Sommelier 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 SOMM/NOK. When there is positive news in the market about the widespread adoption of SOMM or major technological breakthroughs, it tends to trigger market optimism and drive the rise of SOMM/NOK. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in SOMM/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 SOMM/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 Sommelier and adjust their investment strategies accordingly in the evolving market.

Popular exchange rates — Crypto-to-Fiat converter

Bitget crypto-to-fiat exchange data shows the popular Sommelier currency pairs: SOMM to US Dollar (USD), SOMM to Euro (EUR), SOMM to Pound Sterling (GBP), SOMM to Canadian Dollar (CAD), SOMM to Indian Rupee (INR), SOMM to Pakistani Rupee (PKR), SOMM to Brazilian Real (BRL), SOMM to…
The price of Sommelier in the US is $0.0006201 USD. Additionally, Sommelier’s price is €0.0005266 EUR in the eurozone, £0.0004594 GBP in the UK, C$0.0008481 CAD in Canada, ₹0.05570 INR in India, ₨0.1737 PKR in Pakistan, R$0.003424 BRL in Brazil, and more.
The most popular Sommelier currency pair is the SOMM to Norwegian Krone(NOK). The price of 1 Sommelier (SOMM) in Norwegian Krone (NOK) is kr0.006205.

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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.