Norwegian Krone
Key Facts
Abbreviation
NOK
Pronunciation
/ˌnɔrˈwiʤən ˈkroʊnə/
Category
Regional
Related Field
Currencies
Examples in Context
- Norwegian Krone(NOK) ( currency code NOK ) is the name of the currency used in Norway.
- The Aussie dollar and other commodity-linked currencies such as the Canadian dollar and the Norwegian krone have tended to come under pressure when China shows economic weakness.
- Currency markets are continuing to push the carry trade with the currencies with the highest domestic interest rates doing the best, namely Australian and New Zealand dollar and also the Norwegian Krone(NOK).
- There is a limit to how much gold people want to own, and small safe haven currencies like the Swiss franc or the Norwegian krone can't handle the vast amounts of capital moving out of the euro.
- Central bankers joke that gold is similar to what the Norwegian krone is on the foreign exchange market : too small for diversification.