Trading of complex financial products, such as Stocks, Futures, Foreign Exchange (‘Forex’), Contracts for Difference (‘CFDs’), Indices, Options, or other financial derivatives, on ‘margin’ carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any of these markets you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading these markets, and seek advice from an independent financial advisor if you have any questions or doubts. Please carefully read our full ‘General Risk Disclosure’ and ‘Risk Disclosures for Financial Instruments & Investment Services’.

Euro vs. Norwegian Krone •EURNOK•



EURNOK is the abbreviation for the cross between the euro and the Norwegian krone. The EUR and the NOK are considered an exotic currency pair with less liquidity than a major like EUR/USD. Because of the geographic proximity and the high degree of trading activity between Eurozone and Norway, there is a strong relation between the NOK and EUR currencies. Norway primarily depends on exports and is the fifth largest oil exporter in the world. It sends more than 60% of its exports into the euro area, so it is tied to the health of the Eurozone economy as well as oil prices.

Trade Forex, Commodities, Precious Metals, Energies and Equity Indices from 1 Account.