NOK: meaning, definitions and examples
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NOK
[ nɔk ]
currency, finance
NOK stands for the Norwegian Krone, which is the official currency of Norway. It is abbreviated as 'NOK' in foreign exchange markets. The currency is subdivided into 100 øre.
Synonyms
Norwegian Krone.
Examples of usage
- I exchanged my dollars for NOK at the bank.
- The current rate for NOK against the euro is fluctuating.
- Many Norwegian businesses prefer to conduct transactions in NOK.
Translations
Translations of the word "NOK" in other languages:
🇵🇹 NOK
🇮🇳 NOK
🇩🇪 NOK
🇮🇩 NOK
🇺🇦 Норвезька крона
🇵🇱 NOK
🇯🇵 ノルウェークローネ
🇫🇷 couronne norvégienne
🇪🇸 corona noruega
🇹🇷 Norveç kronu
🇰🇷 노르웨이 크로네
🇸🇦 كرونة نرويجية
🇨🇿 norská koruna
🇸🇰 nórska koruna
🇨🇳 挪威克朗
🇸🇮 norveška krona
🇮🇸 norska króna
🇰🇿 Норвегиялық крона
🇬🇪 ნორვეგიული კრონი
🇦🇿 Norveç kronu
🇲🇽 corona noruega
Etymology
The term 'NOK' comes from the name of the Norwegian currency, 'Krone,' which means 'crown' in Norwegian. The Krone was introduced as the currency of Norway in 1875, replacing the speciedaler, and it was pegged to the Swedish Krona at the time. The decision to adopt a new currency was influenced by the country's desire to standardize its monetary system and facilitate trade with neighboring countries. The currency has undergone several changes and revaluations over the years, particularly during periods of economic instability. The abbreviation 'NOK' itself reflects the currency’s origins, and it has become widely recognized in global financial markets. Today, the Norwegian Krone remains an important currency, reflecting Norway's strong economy and its position as a significant player in the oil market.