Norwegian Krone vs Swedish Krona
NOKSEK
Pricing is indicative. Past performance is not a reliable indicator of future results. Client sentiment is provided for general information only, is historical in nature and is not intended to provide any form of trading or investment advice - it must not form the basis of your trading or investment decisions.
Trading Conditions
ATP Margin
0.004
Contract Size Currency per 1 Lot Symbol
NOK 500,000
Min/Max Trade Size (lots)
0.01 / 50
Schedule and Fees
Market Open
Monday 00:01 MT Server
Market Closed
Friday 23:58 MT Server
Trading Break
23:59 - 00:01 MT Server
3 Day Financing
Wednesday
Long & Short Position Overnight Fee
displayed on the trading platform
Upcoming Calendar Events
| September 07 | Monday | Volatility | Actual | Previous | Consensus | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 22:45 |  NZ | NZD | Manufacturing Sales | LOW | 3.6 | ||||||||
| 23:00 |  CO | COP | Consumer Price Index (MoM) | LOW | 0.17 | 0.26 | |||||||
| 23:00 | CO | COP | Consumer Price Index (YoY) | LOW | 6.03 | 6.1 | |||||||
| 23:00 |  KR | KRW | Gross Domestic Product Growth (QoQ) | MEDIUM | 0.6 | 0.6 | |||||||
| 23:00 | KR | KRW | Gross Domestic Product Growth (YoY) | LOW | 3.7 | 3.7 | |||||||
| 23:01 |  UK | GBP | BRC Like-For-Like Retail Sales (YoY) | MEDIUM | 1 | 1.2 | |||||||
| 23:30 |  JP | JPY | Labor Cash Earnings (YoY) | MEDIUM | 3.4 | 3.9 | |||||||
| 23:50 | JP | JPY | Current Account n.s.a. | MEDIUM | -92.3 | 2870 | |||||||
| 23:50 | JP | JPY | Gross Domestic Product (QoQ) | HIGH | 0.3 | 0.4 | |||||||
| 23:50 | JP | JPY | Gross Domestic Product Annualized | MEDIUM | 1.1 | 1.1 | |||||||
| 23:50 | JP | JPY | Gross Domestic Product Deflator (YoY) | MEDIUM | 2.6 | 2.6 | |||||||
| 23:50 | JP | JPY | Trade Balance - BOP Basis | LOW | -135.2 | ||||||||
FAQ
The NOK/SEK forex pair shows how much the Norwegian krone (NOK) is worth against the Swedish krona (SEK). The pair is commonly used by individuals, businesses, and investors who are involved in currency trading or cross-border transactions between Norway and Sweden, both of which are affluent Scandinavian countries.
The Swedish krona, abbreviated as SEK, was first introduced in 1873 as part of the Scandinavian Monetary Union, a currency agreement that included Norway and Denmark. This monetary union remained in effect until World War I. Subsequently, in later years, Sweden faced the prospect of joining the eurozone and adopting the euro as its official currency. However, most of the Swedish population expressed strong opposition to this currency transition, preferring to retain the krona as their national currency. The krona is regulated by Sweden’s central Bank, Sveriges Riksbank.
Norway is a leading oil exporter in Western Europe, funding a substantial portion of its budget from oil revenues. The value of the Norwegian krone is therefore linked to the price of crude oil, and it is controlled by the country’s central bank, the Norges Bank.