NOK (Norwegian Krone)

DEFINITION of 'NOK (Norwegian Krone)'

The currency abbreviation or currency symbol for the Norwegian krone (NOK), the currency of Norway. The Norwegian krone is made up of 100 øre and is often represented by the symbol kr. The name "krone" means "crown" in English.

BREAKING DOWN 'NOK (Norwegian Krone)'

The krone replaced the Norwegian speciedaler at a rate of 4 kroner to 1 speciedaler in 1875 when Norway joined the Scandinavian Monetary Union. When then the union was dissolved in 1914, Norway continued to use the krone as a seperate currency - the Norwegian krone.

RELATED TERMS
  1. NOK

    In currencies, this is the abbreviation for the Norwegian Krone.
  2. DKK

    The currency code for the Danish krone ("crown"), the official ...
  3. Government Pension Fund (Norway)

    A fund made up of two separate Norwegian investment funds with ...
  4. Copey

    Colloquial term used by currency traders for the Danish krone, ...
  5. Currency Symbol

    A graphical symbol used as a substitute for the actual name of ...
  6. Hard-Coded Stock

    This is a term that refers to a company's stock symbol or ticker ...
Related Articles
  1. Forex

    Why These Currencies are the Safest in the World

    The safest currency in the world may surprise you.
  2. Stock Analysis

    How To Profit From Cruises

    The economic trends we saw developing earlier this year have continued, albeit with a little turbulence here and there: U.S. job creation remains solid, unemployment remains low and consumer ...
  3. Forex

    Best Places To Go On A Strong Dollar In 2015

    The U.S. dollar is stronger than ever, which means that traveling abroad to certain countries will be easier on the wallet.
  4. Economics

    Is Norway's Statoil a Safe Oil Bet?

    For those who want to place a bet on oil, Norwegian state-backed company Statoil may be a good bet. But investors should consider the risks as well.
  5. Economics

    Norway, the Safest Oil Economy?

    Norway is one of the most stable oil-producing countries in the world. But for how much longer?
  6. Investing

    The Currencies Most Affected by Falling Oil Prices

    Oil prices can dramatically affect countries that rely on energy production for a steep amount of their national income.
  7. Forex Education

    Weakest Currencies against the U.S. Dollar in 2015

    The U.S. dollar has been pummeling other currencies, largely due to falling global commodity prices. Here are the worst performing currencies of 2015.
  8. Term

    Keeping Securities Clear With Ticker Symbols

    A ticker symbol is a group of characters that represent a specific, publicly traded security that’s listed on an exchange.
  9. Investing

    Exxon Mobil Stock: Analyzing 5 Key Suppliers (XOM, PKD)

    Take a quick look at several key companies supplying products and services in support of Exxon Mobil's global oil and gas operations.
  10. Stock Analysis

    3 Basket ETFs Your Broker Forgot to Mention

    Equity-based ETFs can be described as baskets of various stocks. Whether it is a broader market domestic fund, a sector ETF or an emerging markets equities play, the basket approach is used over ...
RELATED FAQS
  1. Is Norway a developed country?

    Learn why Norway's GDP, anti-corrupt laws and oil exports make it a developed nation and one of the wealthier nations in ... Read Answer >>
  2. How can I invest in a foreign exchange market?

    The foreign exchange market, also called the currency market or forex (FX), is the world's largest financial market, accounting ... Read Answer >>
  3. Do hedge funds have ticker symbols?

    Discover whether or not hedge funds have ticker symbols, where you can find ticker symbols and the significance of a ticker ... Read Answer >>
  4. Why do some stock symbols have three letters while others have four? What is the ...

    Stocks found on the New York and American Stock Exchange will normally have symbols with three letters or fewer. On the other ... Read Answer >>
  5. Why is the U.S. dollar shown on the top of some currency pairs and on the bottom ...

    All currencies are traded in pairs. The first currency in the pair is called the base currency while the second is called ... Read Answer >>
  6. What country spends the most on healthcare?

    Find out which countries spend the most on health care, and understand some different methods for measuring these rankings ... Read Answer >>
Hot Definitions
  1. Reverse Mortgage

    A type of mortgage in which a homeowner can borrow money against the value of his or her home. No repayment of the mortgage ...
  2. Labor Market

    The labor market refers to the supply and demand for labor, in which employees provide the supply and employers the demand. ...
  3. Demand Curve

    The demand curve is a graphical representation of the relationship between the price of a good or service and the quantity ...
  4. Goldilocks Economy

    An economy that is not so hot that it causes inflation, and not so cold that it causes a recession. This term is used to ...
  5. White Squire

    Very similar to a "white knight", but instead of purchasing a majority interest, the squire purchases a lesser interest in ...
  6. MACD Technical Indicator

    Moving Average Convergence Divergence (or MACD) is a trend-following momentum indicator that shows the relationship between ...
Trading Center