Type of transactions
|FX SPOT||FX FORWARD|
|Delivery date : J+1; J+2||Maximum maturity: 12 months|
|Liquidity: Good||Liquidity: Good|
EUR/NOK parity: liquidity schedules
Did you know?
- Norges Bank (NB) is the central bank of Norway, whose mission is to ensure price stability through the monetary policy put in place.
- Price setting method: the floating exchange rate is described as "supervised". Although NB is likely to intervene in the market, it considers this instrument to be inappropriate, which explains why the last action of this type dates back to January 1999.
Features and highlights
- The NOK is considered a "raw material motto", a singularity within Western Europe. By way of illustration, the country is the world's third largest exporter of natural gas, and the largest producer of oil in the region.
- The country has the second largest sovereign fund of the planet (GPFG, Government Pension Fund-Global). Oil revenues are thus invested so that they benefit future generations.
There are no special restrictions on the purchase and sale of NOK.
The evolution of the NOK is partly correlated with that of energy prices: when they appreciate, this tends to favor the Crown against other currencies.
Payments in NOK to Norway
The IBAN format is mandatory. Payment instructions must contain the full name of the beneficiary.
|Holidays 2018 (subject to modifications)|
|New Year’s Day||1 January||Constitution Day||17 May|
|Maundy Thursday||29 March||Whit Monday||21 May|
|Good Friday||30 March||Christmas Eve||24 December|
|Easter Monday||2 April||Christmas Day||25 December|
|Labour Day||1 May||Boxing Day||26 December|
|Ascension Day||10 May|