- Trading
- Instrument Specifications
- Currency Pairs
- USD / NOK Investing
Trading a Currency Pair - USDNOK
USD/NOK Forex Trading Conditions
| Options | Standard-Fixed & Floating | Beginner-Fixed & Floating | Demo-Fixed & Floating |
|---|---|---|---|
| Fixed spread, pip | 40 | 40 | 40 |
| Floating Spread, pip | 40 | 40 | 40 |
| Order distance, pip | 80 | 80 | 80 |
| Swap, pip (Long/Short) | -2.48 / -4.05 | -2.48 / -4.05 | -2.48 / -4.05 |
| Digits | 0.0001 | 0.0001 | 0.0001 |
|
Available volumes | >=10000.00 USD | 100.00 – 100000.00 USD | >=100.00 USD |
| Contract size | -/- | -/- | -/- |
|
1 pip value per 100000 | 10 NOK | 10 NOK | 10 NOK |
| Options | Standard-Fixed | Micro-Fixed | Demo-Fixed | PAMM-Fixed |
|---|---|---|---|---|
| Fixed spread, pip | 40 | 40 | 40 | floating |
| Order distance, pip | 80 | 80 | 80 | 80 |
| Swap, pip (Long/Short) | -2.48 / -4.05 | -2.48 / -4.05 | -2.48 / -4.05 | -2.48 / -4.05 |
| Digits | 0.0001 | 0.0001 | 0.0001 | 0.0001 |
|
Available volumes | 0.1 – 10000 lot | 0.01 – 1 lot | 0.01 – 10000 lot | 0.01 – 10000 lot |
| Lot size | 100000 USD | 100000 USD | 100000 USD | 100000 USD |
|
1 pip value per 1 lot | 10 NOK | 10 NOK | 10 NOK | 10 NOK |
| Options | Standard-Floating | Micro-Floating | Demo-Floating | PAMM-Floating |
|---|---|---|---|---|
| Floating Spread, pip | 40 | 40 | 40 | 40 |
| Order distance, pip | 80 | 80 | 80 | 80 |
| Swap, pip (Long/Short) | -2.48 / -4.05 | -2.48 / -4.05 | -2.48 / -4.05 | -2.48 / -4.05 |
| Digits | 0.0001 | 0.0001 | 0.0001 | 0.0001 |
|
Available volumes | 0.1 – 10000 lot | 0.01 – 1 lot | 0.01 – 10000 lot | 0.01 – 10000 lot |
| Lot size | 100000 USD | 100000 USD | 100000 USD | 100000 USD |
|
1 pip value per 1 lot | 10 NOK | 10 NOK | 10 NOK | 10 NOK |
USD/NOK Trading Hours
USD/NOK trading hours are the time when investors can buy and sell USD/NOK. The USD/NOK is traded on multiple exchanges around the world. This means that investors have many different opportunities to trade USD/NOK during different trading hours. Depending on where you live, you may be able to trade USD/NOK at any time throughout the day or night. For those who want to take advantage of these opportunities, it is important to know when USD/NOK trading hours begin and end.
The USD/NOK is known as a popular pair for trading the Norwegian currency. This pair experienced a lot of volatility between 2002 and 2008 due to the global financial crisis, as well as changes in oil prices. The economy of Norway significantly benefits from trade done with the UK and the Euro-zone, which means that changes in those economies have a great impact on the Krone.
USDNOK Trading
The USDNOK is known as a popular pair for trading the Norwegian currency. This pair experienced a lot of volatility between 2002 and 2008 due to the global financial crisis, as well as changes in oil prices. The economy of Norway significantly benefits from trade done with the UK and the Euro-zone, which means that changes in those economies have a great impact on the Krone. This pair presents how many Krona Norwegia is needed to trade USDNOK. For a deeper understanding how to trade currency pairs, for example USDNOK, you will need to know about bid and ask, pips and more, we suggest to start from basics "What is Forex trading and how does it work".
Currency Pair USDNOK | Forex | Minor
The US dollar (USD, “Greenback”) is the most widely traded currency in the world. The issuer is the Federal Reserve System(the Fed).
- Is the most popular reserve currency, held by central banks, financial institutions and private investors
- Is considered as a “safe haven” currency in periods of instability due to universally recognized reliability of the US economy
- Is used as a standard payment unit in commodity markets
