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Get more for your money on your Norwegian vacation! The Norwegian krone has reached a historical low in 2024, and is on an up to 30 per cent "discount" compared to 10 years ago.

Norway is much more affordable

For many travellers, Norway has now become a more affordable destination.

– Compared to 10 years ago, we can say that Norway is now at a 30 percent discount. Based on the exchange rate, it has become much cheaper to travel to Norway, says the Norwegian Interest and currency strategist Nils Kristian Knudsen to the Norwegian media company TV2.no.

– The krone has probably stabilized at this level, although we will probably see some fluctuations. Norway is not going to be very expensive again for foreign countries, Knudsen predicts. 

Americans get about 23 percent more value for every dollar they spend than for just five years ago. Norway has also become more affordable for Danish and British travellers in particular, and also for visitors from the Eurozone.

Norway is a hot travel destination both because it has become more affordable, but also due to its cooler climate – so how about a refreshing coolcation?

The affordable prizes makes it easier for travellers to experience more, and stay for a longer period of time.

NOK is historically weak

NOK hit a historical low against the dollar and the euro in 2023 and 2024, as well as many other currencies, making the country a less expensive destination.

On June 14th, 2024, the exchange rates were:

1 euro = NOK 11.40

1 USD = NOK 10.67

1 GBP = NOK 13.54

100 Danish krone (DKK) = NOK 153.25

100 Swedish krona (SEK) = NOK 101.15

That means that for 100 euro, you will now get around NOK 1,140, while 100 dollars give you NOK 1,067. An average hotel room for two, with a good breakfast included, will typically cost around NOK 1,725 per night, according to Momondo. However, prices can vary due to seasons and locations.

Scroll down for great budget holiday tips!

Not the most expensive anymore

Norway is still a high cost country, and has also been hit by soaring inflation, higher energy prices, and financial unrest, like many other Western countries, as a result of the war in Ukraine and other global challenges. But inflation has also been a bit lower than in many other countries, and energy remains quite inexpensive in several parts of the country.

Norway does not top the list of the most expensive countries in Europe, moreover, Oslo is no longer on the top 20 list of the most expensive cities in the world, according to Mercer’s exhaustive 2023 cost of living city rankings.

If you don't drink much in bars and restaurants, and don't smoke, consumer prices are not that different from what you find in many Western European countries and big cities these days. Meat and dairy products might be a bit more expensive, though, but if you look at animal welfare, and care about the environment, you may feel that the extra kroner spent are worth it.

And the most important reason for many travellers to visit Norway is totally free: nature! Learn the secret of Friluftsliv, enjoying the great outdoors, and why it is so good for your health, too!

Budget travel tips for Norway

Many of the best things in Norway can also be experienced for free or done cheaply:

  1. Our beautiful nature is open 24/7 and is totally free, including the national parks and our famous scenic routes.
  2. Many of our great sculpture parks are free.
  3. Buy local food in the grocery stores or farm shops and picnic at one of the world's most beautiful beaches. Or go fishing and catch your own food!
  4. Limit the amount you consume in bars, and buy wine, Norwegian cider and other drinks at Vinmonopolet, the government liquor store, or pick up some local craft beer at the grocery store.
  5. Buy tickets for transport early for the best prices, and travel outside the main tourist season. Look for regional daily, weekly (or even monthly) travel passes that give you major discounts.
  6. Stay longer in every place to reduce travel costs and get discounts for longer stays. We promise that you can find much more to do in the local regions than just the iconic bucket list items!
  7. Rent apartments or cosy cabins, and travel with a bigger group. This reduces costs per person, and you can cook meals at the place where you are staying.
  8. Travel outside high season to get the best prices. Hotels in big cities can be expensive during holidays and in high season, but often offer cheaper deals during weekends. An average hotel stay in Norway is in fact often quite moderately priced compared to other Western European countries.
  9. Most museums offer discounts for families and groups. Some are even free.
  10. Read the article below for more tips on budget travel in Norway!

Take advantage of top offers

See our selection of trusted companies that work hard to make you happy all through your trip.

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