1 NOK = 0464 NOK
Norwegian crown jest official currency, which is the monetary unit in Norway. In Norwegian it is called krone and in the plural - kroner. 1 Norwegian crown is divided into 100 øre. In ISO4217 code Norwegian currency is referred to by the international code NOK. This is how it appears in the valuations of currency exchange offices and this is how it is presented crown rate Norwegian in banks or in online exchange offices.
What contributes to the strengthening of the Norwegian currency.
The Nok has been a currency dependent on oil prices for many years, but a lot has changed recently.
For many years, the Norwegian krone has been recognized by specialists as strong and stable. This is not surprising considering that Norway's economy is based on huge oil reserves. This includes a rational budget policy. This situation has a large impact on the fact that the Norwegian krone exchange rate is not subject to major fluctuations.
Read more about Norwegian currency
The crown strengthens in relation to the zloty. What Factors Influence the Norwegian Krone Forex Rate?
The main factor is rationally run economy of Norwayas well as huge oil reserves. These two elements ensure that the NOK exchange rate does not fluctuate too much.
What is the main state bank of Norway?
It's Norges Bank. It is 100% state-owned. Its reserves are estimated at $ 55 billion. It was founded: June 14, 1816.
