Search results
•Norwegian Cruise Line Raises $2 billion in Liquidity. •Norwegian Delays Leonardo Class Ships. •P&O Cruise Line Extends Suspension in Service. •Pullmantur Cr...
- What Drives The NOK?
- Energy Crisis Sets Nok Direction
- Norwegian Krone Forecast: How Will Nok Perform Against EUR and USD?
As Norway is one of the world’s largest oil and gas producers, the Norwegian krone is considered to be a commodity currency, along with currencies such as the Australian dollar (AUD) and Canadian dollar (CAD). The value of the krone is affected by the direction of oil and gas prices, along with interest rate differentials to other countries and mac...
Norges Bank seeks stability in the value of the krone, and the currency has largely traded between 9-10 against the euro in recent years. The EUR/NOKexchange rate, which refers to how many krone are needed to buy one euro, spiked to 11.45 in March 2020 at the start of Covid-19 lockdowns. By the end of May 2020, the pair moved down to 10.50, then mo...
“The NOK recovered its losses over the summer due to higher energy prices and risk-on. Now the tide is about to turn and we see EURNOK trading above 10.00 in the months to come. Norges Bank will sell 3.5bn NOK/day going forward on behalf of the Government, due to a larger petroleum tax flow. At the same time, equity markets will likely continue to ...
Nov 3, 2020 · November 3, 2020 by Mathew Paul Gundersen. Home » Money & Personal Finance » Norway’s Currency: An Introduction to the Norwegian Krone. Norway’s currency is the Norwegian krone, but how much do you really know about it? Here is the history and other things to know about the currency of Norway.
Jan 15, 2021 · Norway’s krone has taken an early lead in this year’s battle to be the world’s best-performing major currency, as a blistering rally that catapulted its neighbor to the top spot in 2020 begins...
Mar 19, 2020 · The value of Norway’s currency fell to historically low levels on Thursday, just as Parliament was promising to further secure both employers and workers during the Corona virus crisis.