Available Currency Pairs
Did You Know?
- 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.
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.
- 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.
There are no special restrictions on the purchase and sale of NOK.
The IBAN format is mandatory. Payment instructions must contain:
- The full name of the beneficiary.
Keep In Mind
When a holiday falls on a weekend, the next business day becomes a holiday