section_path: Awarding the prize
section_name: Awarding the prize
paragraph_text: Awarding the prize
  
  The Chairman of the Norwegian Nobel Committee presents the Nobel Peace Prize in the presence of the King of Norway and the Norwegian royal family on 10 December each year (the anniversary of Nobel's death). The Peace Prize is the only Nobel Prize not presented in Stockholm. The Nobel laureate receives a diploma, a medal, and a document confirming the prize amount. The money awarded varies over time, depending on the profitability of the Nobel bequest's investments and the exchange rate to the recipient's local currency. Around 2020, typical awards were on the order of roughly 10 million SEK, which translated to roughly 1 million USD.
  
  Since 1990, the ceremony has taken place at Oslo City Hall.
  
  From 1947 to 1989, the Nobel Peace Prize ceremony was held in the Atrium of the University of Oslo Faculty of Law, a few hundred meters from Oslo City Hall. Between 1905 and 1946, the ceremony took place at the Norwegian Nobel Institute. From 1901 to 1904, the ceremony took place in the Storting (Parliament).