EURNOK - Euro / Norwegian Krone
Trading Conditions
* Only if Margin Level > 100%
The average spreads provided for each platform are updated on a daily basis to reflect the average for the previous day. Though FxPro attempts to provide competitive spreads during all trading hours, clients should note that these may vary and are susceptible to underlying market conditions. The above is provided for indicative purposes only. Clients are advised to check important news announcements on our Economic Calendar, which may result in the widening of spreads, amongst other instances.
The above spreads are applicable under normal trading conditions. FxPro has the right to amend the above spreads according to market conditions as per the 'Terms and Conditions of Business'.
EUR/NOK is a minor pair on the Forex market. Like most European currency crosses, it is an ideal first foray beyond the majors, offering a fantastic opportunity to diversify your portfolio and balance your risks. Although the performance of the Krone tends to shadow the one of the Euro, the close political, economic and financial ties of the two economies encourage wider spreads and rapid fluctuations when compared to other Euro crosses. If you’re looking for a middling risk diversification opportunity then the EUR/NOK pair could be perfect match to you.
Due to the cold climate and the barren soils of Norway, there is practically no agriculture in the country. That’s why it has remained one of the poorest and least developed. However, the progress and change of priorities in the world radically changed the situation in the second half of the 20th century, when it turned out that the Norwegian sea shelf was rich in oil.
If you are interested in trading the EUR/NOK, contact FxPro today to open trading account in several minutes.