The currency used in Norway is the Norwegian krone, abbreviated as NOK. The krone has been the official currency since 1875 and is subdivided into 100 øre. The value of the krone can fluctuate against other currencies depending on various factors, including economic performance, interest rates, and global market trends. Norway's strong economy, largely driven by its natural resources such as oil and gas, contributes to the relative stability of its currency. Travelers to Norway should be aware of currency exchange practices and the use of credit cards for transactions in the country.