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GBP to NOK
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[[ data.price ]] [[ data.change ]] ([[ data.changePercent ]]%)
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About
History
Why trade?
About
History
Why trade?
The GBP to NOK currency pair is an important one for traders and investors alike, as it represents the relative value of the two currencies. The British Pound (GBP) is the base currency in this pairing, while the Norwegian Krone (NOK) is the counter currency. As with any currency pair, several factors can influence its performance.
The economic health of both the United Kingdom and Norway is one of the main drivers behind the GBP to NOK exchange rate. For example, if the UK economy shows signs of strength, investors may see it as a strong investment opportunity, thus driving up demand for the British Pound and increasing its value relative to other currencies such as the Norwegian Krone. On the other hand, if the economy of Norway is perceived to be weaker, investors may choose to invest in other currencies instead and the GBP to NOK exchange rate could suffer accordingly.
The GBPNOK currency pair has experienced a wide range of prices over the last few years. The highest recorded price was on March 20th, 2020, when it reached 13.76 NOK per pound sterling. The lowest recorded price was on March 8th, 2013, when it dropped to 8.54 NOK per pound sterling.
Since then, it has fluctuated between these two extremes, with no significant long-term trends observed in either direction. This illustrates the volatile nature of this currency pair and the potential for quick profits or losses depending on when a trader decides to enter or exit a position.
The GBPNOK currency pair is an attractive option for traders due to its wide range of volatility, low spreads and minimal slippage. The Norwegian Krone (NOK) is a popular choice due to its strong economic fundamentals, while the British Pound (GBP) offers great liquidity in international markets.
In addition to GBPNOK, there are a number of other popular currency pairs that traders should consider when trading Forex. These include EURUSD, USDJPY and USDCAD. For example, EURUSD is known for being a highly liquid pair, making it ideal for those looking for quick trades. USDJPY, on the other hand, offers more potential for big moves thanks to its high degree of volatility. USDCAD is also an appealing choice for traders, as its low spread and minimal slippage provide a more predictable trading environment.
No matter what currency pair you choose, it's important to do your research and understand the risks involved before entering a trade. With careful planning and analysis of the markets, traders can capitalize on the potential of any currency pair.
Swap long | [[ data.swapLong ]] points |
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Swap short | [[ data.swapShort ]] points |
Spread min | [[ data.stats.minSpread ]] |
Spread avg | [[ data.stats.avgSpread ]] |
Min contract size | [[ data.minVolume ]] |
Min step size | [[ data.stepVolume ]] |
Commission and Swap | Commission and Swap |
Leverage | Leverage |
Trading Hours | Trading Hours |
* The spreads provided are a reflection of the time-weighted average. Though Skilling 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. Skilling has the right to amend the above spreads according to market conditions as per the 'Terms and Conditions'.
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Why Trade [[data.name]]
Make the most of price fluctuations - no matter what direction the price swings and with low capital investment.
Forex
Capitalise on rising prices (go long)
Capitalise on falling prices (go short)
Trade with leverage
Trade on volatility
Enjoy huge liquidity
Manage risk with in-platform tools
Ability to set take profit and stop loss levels