Course GBP(British Pound)-NOK(Norwegian Krone) for today
Quotes GBP/NOKfor today.
Chart British Pound Norwegian Krone
Online Cross Course GBP NOK
The United Kingdom's central bank is the Bank of England. As the fourth most traded currency, the British Pound is the third most held reserve currency in the world. Common names for the British Pound include the Pound Sterling, Sterling, Quid, Cable, and Nicker.
- Central bank: The Bank of England
- The pound is the world’s oldest currency still in use and was the de facto global currency until WW II.
- The economy of Great Britain (or the United Kingdom) is the third largest in Europe, after Germany and France.
- Napoleon famously called the UK “a nation of shopkeepers”. Banking, insurance, and business services still account for a large proportion of the British GDP.
The Rigsdaler was used as the main form of currency in Norway until 1816. During this time, Danish currency also circulated in Norway, as the two countries were in a political union. In 1816, the modern central bank of Norway, Norges Bank, was established and the monetary unit was changed to Speciedaler. The currency got devalued in 1830 and was then pegged to silver on a fixed basis. In 1875, Norway joined the Scandinavian Monetary Union (SMU) and adopted the Krone as its official currency. The union lasted until 1914, though all the countries kept their respective currencies afterwards. The Norwegian Krone moved on and off of a gold standard and was also pegged to a number of different currencies at various rates.
- Central bank: Norges Bank (Central Bank of Norway)
- The krone has a floating exchange rate (not fixed).
- Norway has one of the highest standards of living in Europe, with a low unemployment rate.
- Norway is rich with natural resources: petroleum, hydroelectric power, fish, forests, and minerals.
- Because of Norway’s heavy exposure to the petroleum sector, the currency tends to be influenced by the price of oil.