NOK

AAA

DEFINITION of 'NOK'

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

INVESTOPEDIA EXPLAINS 'NOK'

The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion.

RELATED TERMS
  1. Currency

    A generally accepted form of money, including coins and paper ...
  2. Hard Currency

    A currency, usually from a highly industrialized country, that ...
  3. Money

    An officially-issued legal tender generally consisting of currency ...
  4. Forex - FX

    The market in which currencies are traded. The forex market is ...
  5. Nordic Model

    The social welfare and economic systems adopted by Nordic countries.
  6. Government Pension Fund (Norway)

    A fund made up of two separate Norwegian investment funds with ...
Related Articles
  1. Economics

    What Must The UK Do To Keep North Sea Oil Afloat?

    The UK government may need to take drastic action to ensure the viability of UK North Sea offshore oil production amid high costs and shrinking margins.
  2. Economics

    The Nordic Model: Pros and Cons

    The Nordic countries' (Sweden, Norway, Finland and Denmark) high living standards and low income disparity have captured the world’s attention.
  3. Credit & Loans

    Countries That Still Have The Golden AAA Credit Rating

    The U.S., Italy, Greece and others have lost the coveted AAA rating, but some countries have managed to hold onto it.
  4. Budgeting

    Travel By Buying Power

    Looking to score a cheap vacation this summer? Find out where you will get the most bang for your U.S. buck.
  5. Professionals

    Countries With The Lowest Unemployment Rates

    A high U.S. unemployment rate may not be as restrictive as you think. Find out where the jobs really are.
  6. Retirement

    International Aid To Haiti: The Large And Small

    We look at the aid that's been promised to Haiti and see which nations are most generous on a per-capita basis.

You May Also Like

Hot Definitions
  1. Interest Rate Risk

    The risk that an investment's value will change due to a change in the absolute level of interest rates, in the spread between ...
  2. Income Effect

    In the context of economic theory, the income effect is the change in an individual's or economy's income and how that change ...
  3. Price-To-Sales Ratio - PSR

    A valuation ratio that compares a company’s stock price to its revenues. The price-to-sales ratio is an indicator of the ...
  4. Hurdle Rate

    The minimum rate of return on a project or investment required by a manager or investor. In order to compensate for risk, ...
  5. Market Value

    The price an asset would fetch in the marketplace. Market value is also commonly used to refer to the market capitalization ...
  6. Preference Shares

    Company stock with dividends that are paid to shareholders before common stock dividends are paid out. In the event of a ...
Trading Center