It competes well and has developed into a fully fledged option. A trader could use the money to purchase goods or trade for other currencies. It is accepted in most major trade markets across the world.Some countries opted not to use the Euro when it was introduced. Notably, Sweden and the United Kingdom decided against it. That has given credence to the decision made by Norway to retain its currency. EU members are split on whether they should choose a new currency option. Norway is an influential state and will challenge the status quo in that regard. Expect the Krona to improve in value over the years as well.Krona is translated to "crown" in English. That refers to the royalty of Norway and its heritage. Leading economists have been impressed by the performance of the currency. Norway's economy is booming thanks to oil reserves, banking and savvy investments. It is currently valued at 1 Krone to 0.11 USD on the exchange market. Gains have been made, and it stands as a valuable asset.European traders will want to consider the currency for their trades. They have found out more about the Norwegian Krona Currency. International travellers should take note of these changes. The Euro will typically not be accepted at shopping centres in Norway. Look for locations where exchange currency is offered. High volume traders will want to plan out their next move. That could save them fees and other costs when the trade is dealt by the exchange.