USD/NOK

USD/NOK

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US DOLLAR / NORWEGIAN KRONE Trading

The USD/NOK is an exotic currency pair. USD/NOK is the most popular couple to trade the Norwegian krone. Norway’s economy benefits from trade and is performed with Great Britain and the Eurozone. As a result, the Norwegian krone is significantly affected by the economic changes in those regions.

History of USD NOK Trading

The USD dates back to 1792 when the United States Congress created the US dollar as the οfficial country’s currency. It serves as legal tender in many cοuntries, and it is the most widely used currency in the wοrld, both in circulation and reserve. The US dollar forms the majors as it pairs with all main currencies in the foreign exchange market (forex).

The Norwegian krone (NOK) began its circulation in 1875, controlled by the country’s central bank, the Norges Bank. The NOK is the official currency of Norway, its code is “ISK” and its symbol is “kr”.

USD/NOK Forex Chart
Instrument: USD/NOK
Spread: floating
Leverage: 20:1
Margin: 5.00%
Minimum Nominal Trade Size: 1000
Overnight Interest (daily) Sell: -34.73%
Overnight Interest (daily) Buy: -56.2%
Trading Hours (GMT): 24/5
MT5 / MT4 Symbol: USDNOK

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USD/NOK Trading FAQs

While forex pairs can theoretically be traded 24 hours a day, there are optimum times to trade the USD/NOK whenever the currency pair is more volatile. From 13:00 to 17:00 GMT., the USD/NOK is usually busy (GMT).

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