Euro - Norwegian Krone Chart
Friday, April 2, Home Tags NOK. Tag: NOK. Are you a beginner in trading? Read this… Brokers. How to trade news on the Forex market Analysis. GOLD — on a demand zone, will the metal shine again?
EURNOK - Euro / Norwegian Krone
The counter currency — JPY. The value of the Norwegian krone is often related to oil prices and interest rates. Therefore, when the oil price goes up, the krone strengthens its positions relative to other currencies and vice versa.
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Thanks for the write up. What does it mean for daily life here in Norway?
Any ideas on cost of living and savings? It seems that NOK is worst currency on planet earth.
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Is the bank doing anything or is this the currency doomed and every one should avoid it as much as they can. This is epic failure of the bank and hard to see it to be trusted currency again, at least not any day soon. It is disaster for Norwegian economy, there will be extreme inflation as everything is imported. If Norwegian central bank will not do anything it can be even worst. It is a pity that NOK is so addicted from oil price. I really hope they will manage to do something to make it recover; and fast. Its time for the central bank in Norway to sell dollars from its strategic reserves and arrest the free slide of NOK.
But the investments of the Norwegian fund is mostly abroad and in USD. Which means nothing good for workers. Only the export and the government are the ones who see the benefits. More money stays in Norway , with worse Nok.