GBP to NOK - Great Britain Pound vs Norwegian Kroner

GBPNOK

Great Britain Pound vs Norwegian Kroner

Forex spot

-0.15%

Low - High

11.79582 - 11.85141

Spread

Swap Long

-40

Swap Short

-25.45

Margin Req.

0.2%

Trading Size

0.01 - 1000

Contract Size

100000

Leverage Up To

1:500

3-Day SWAPs

Wednesday

Commission per lot (single side)

CLASSIC $0 PRO $3 VIP $1.5

Open	Monday 00:05

Close

Friday 23:59

Server Time

GMT+2

Daily Break

23:59-00:05

About

GBPNOK

The GBPNOK is a currency cross pair in which the British pound is the main currency and the Norwegian krone is the quoted currency. Britain’s economy is stable and its industry is one of its most developed sectors. That’s why the price of oil in the world market can tremendously affect the pound’s exchange rate. Norway’s economy is based on the export of raw materials such as wood and aluminum, hydrocarbons such as oil and gas, and electricity. So, the cost of oil and raw materials are defining factors for the Norwegian krone’s exchange rate. Other main sectors of the Scandinavian country’s economy include trade, public services, industry and tourism. Keep in mind that both currencies in the pair are affected by the price of the dollar and major US macroeconomic indicators should be taken into consideration when trading the GBPNOK.

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