The Norwegian word ‘Krone’ refers to the English word ‘crown’. Just like the Indian rupee is divided into paisa, the Krone is also divided further into 100 ore, which arrived in electronic use in 2012. The banknotes have imprints of some prominent Norwegian people along with some crucial information about their contributions.<\/p>\n
The Norwegian Krone first came into circulation in 1875. It replaced the previous currency, Speciedaler. The currency came into effect as Norway joined the Scandinavian Monetary Union along with Denmark and Sweden. <\/p>\n
Initially, the krone was used as the gold standard for the union and the price of one kilogram of gold was fixed at 2490 Kroner. But in the 1990s, speculations came up against the Krone and the central bank shifted to floating exchange rates.<\/p>\n
NOK, not only is used throughout Norway but also in neighboring countries like Sweden and Finland. Some prominent Danish ports also accept it as a mode of payment.<\/p>\n
The value of the Krone varies from year to year and is governed by the prices of oil and interest rates. Oil prices govern the rates of Krone to a great deal as Norway is the leading oil exporter in Western Europe. Currently, Krone is the 14th most traded currency on accounts of value. The current value of 1 Krone is nearly 8.4 Indian rupees.<\/p>\n
The economic value of Krone is considered quite stable since Norway is one of Europe’s most stable countries. It enjoys high standards of living and has a high-income economy. This makes the Norwegian Krone a very avid investment for people, certainly due to the economic stability of Norway.<\/p>\n
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All Abbreviations of NOK in 3 categories:<\/h2>\n
If you are looking for NOK meaning in a specific category, check out the detailed sections below. We have segregated the acronyms based on their category and grouped them in each section.<\/p>\n
NOK abbreviation in Regional:<\/h3>\n
What does NOK mean in Regional category? We have listed down 2 abbreviations. Here are the details:<\/p>\n
\n\n\nTerm<\/th>\n | Abbreviation<\/th>\n<\/tr>\n |
\nNOK<\/td>\n | Norwegian Krone<\/td>\n<\/tr>\n |
\nNOK<\/td>\n | Next Of Kin<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\nNOK abbreviation in Associations & Organizations:<\/h3>\nWhat does NOK mean in Associations & Organizations category? We have listed down 1 abbreviations. Here are the details:<\/p>\n \n\n\nTerm<\/th>\n | Abbreviation<\/th>\n<\/tr>\n | \nNOK<\/td>\n | Nationales Olympisches Komitee<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\nNOK abbreviation in Transport & Travel:<\/h3>\nWhat does NOK mean in Transport & Travel category? We have listed down 1 abbreviations. Here are the details:<\/p>\n \n\n\nTerm<\/th>\n | Abbreviation<\/th>\n<\/tr>\n | \nNOK<\/td>\n | Xavantina, Nova Xavantina, Brazil<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n | | |