Norwegian Krone

NOK

  • Convertible: Yes
  • Transferable: Yes
  • Exchange rate regime: Floating
Währungs-Referenzzentrum

Available Currency Pairs

EURNOK

Ansehen EUR

USDNOK

Ansehen USD

GBPNOK

Ansehen GBP

CHFNOK

Ansehen CHF

AEDNOK

Ansehen AED

AUDNOK

Ansehen AUD

CADNOK

Ansehen CAD

ILSNOK

Ansehen ILS

NOKDKK

Ansehen DKK

NOKHKD

Ansehen HKD

NOKHUF

Ansehen HUF

NOKJPY

Ansehen JPY

NOKMXN

Ansehen MXN

NOKTHB

Ansehen THB

NOKZAR

Ansehen ZAR

NZDNOK

Ansehen NZD

PLNNOK

Ansehen PLN

RONNOK

Ansehen RON

SGDNOK

Ansehen SGD

Transaction Types

FX SPOT
Delivery date: T+1; T+2
Liquidity: high
FX FORWARD
Maximum maturity: 24 months
Liquidity: high

Did You Know?

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Monetary policy

  • Norges Bank (NB) is the Central Bank of Norway. Its objective is to ensure price stability via its monetary policy.
  • Price setting method: the floating exchange rate is described as “supervised”. Although NB could intervene in the market, it considers this tactic to be inappropriate, which explains why the last action of this type dates back to January 1999.
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Features and highlights

  • The NOK is considered a “raw material motto”, which is a singularity (the only one of its type) within Western Europe. By way of illustration, the country is the world’s third-largest exporter of natural gas and the largest producer of oil in the region.
  • The country has the second-largest sovereign fund of the planet (GPFG, Government Pension Fund - Global). Oil revenues are invested, so they benefit future generations of Norwegians.
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Expert opinion

  • The evolution of the NOK is partly correlated with that of energy prices: when they appreciate, this tends to favour the krone against other currencies.
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Regulations

There are no special restrictions on the purchase and sale of NOK.

Important Information

PAYMENTS IN NOK TO NORWAY

The IBAN format is mandatory. Payment instructions must contain:

  • The full name of the beneficiary.

Keep In Mind

PUBLIC HOLIDAYS

New Years Day 1 Jan
Good Friday 30 Mär
Labour Day 1 Mai
Constitution Day 17 Mai
Christmas Eve 24 Dez
Boxing Day 26 Dez
Maundy Thursday 29 Mär
Easter Monday 2 Apr
Ascension Day 10 Mai
Whit Monday 21 Mai
Christmas 25 Dez

When a holiday falls on a weekend, the next business day becomes a holiday

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