Norwegian Krone
The currency of Norway is the krone (NOK).
Norway is a major exporter of energy. Its balance of trade has historically been steady and positive. It jumped higher with COVID-19 and has since returned closer to historical levels.
Norway has the fourth-highest GDP per capita1 in the world.
About Norway
GDP10
$484
Billion
USD
Major Exports2
Gas
Crude Oil
Fish
Major Export Partners2
UK
Germany
Sweden
Budget Deficit3
9.1%
Trade Flows4
1.3
Trillion
NOK
Pros and Cons of the Norwegian Krone
- Backed by a strong, resource-rich economy5
- Supported by one of the world’s most robust sovereign wealth funds6
- Independent monetary policy with credible institutions7
- Highly sensitive to oil-price fluctuations8
- Low liquidity compared with major currencies9
- Vulnerable to global risk-off periods9
1. https://tradingeconomics.com/country-list/gdp-per-capita
2. https://tradingeconomics.com/country-list/exports;
3. https://tradingeconomics.com/country-list/government-budget?continent=world
4. https://tradingeconomics.com/country-list/balance-of-trade
5. https://www.norskpetroleum.no/en/economy/#:~:text=The%20oil%20and%20gas%20sector,of%20the%20Norwegian%20welfare%20state.
6. https://www.nbim.no/en/the-fund/about-the-fund/
7. https://www.norges-bank.no/en/topics/Monetary-policy/
8. https://www.eia.gov/international/analysis/country/NOR
9. https://www.bis.org/statistics/rpfx22_fx.htm
10. https://tradingeconomics.com/country-list/gdp?continent=europe
It’s as easy as open, fund, trade.
Open a Global Markets Portfolio
Start a Global Markets Portfolio with a Cash Account
Fund your account
Use your Cash Account as your funding source
Trade
Use your Global Markets Portfolio to buy or sell over 20 global currencies
How to Open An Account
Buying and selling foreign currencies begin with a Global Markets High Yield Cash Account, which serves as the funding account for your currency transactions. Once it’s open, you will automatically receive a Global Markets Portfolio. This Portfolio will allow you to buy and sell any of the 20 foreign currencies available.
Global Markets
High Yield Cash Account
The High Yield Cash Account with Global Markets access delivers the typical features of a checking account but adds high yields for every dollar in your account.
On top of that, it serves as the launchpad to funding your precious metals and foreign currency transactions as well as access to all Global Markets Products.
- Use as the funding account for precious metals and foreign currency transactions
- ACH transfers to/from external accounts
- Free online bill pay
- Debit card with $30/month of ATM fee reimbursement if charged (Coming Soon)
- 1st order of checks complimentary
- $5 monthly fee waived, no minimum balance required
Currency Deposit
- $2,500 minimum initial trade per currency
- After initial trade, no minimum trade amount required
Currency CD
- $10,000 minimum initial trade per Currency CD
- After initial trade, no minimum trade amount required
Currency Rates
Currency CD
Term
APY
3 Month
2.27%
6 Month
2.27%
9 Month
2.27%
12 Month
2.27%
Currency Deposit Account
$2,500 minimum initial trade per currency. After initial trade, no minimum trade amount required.
Balance
APY
All Balances
0.00%
Available Currencies
Need Support?
855.922.8853 (BATTLE)
Available Monday to Friday between 8:00 a.m. and 3:30 p.m. central time.
For your security, please do not send sensitive information—including account numbers, usernames, passwords, or Social Security numbers—to the support email, as it is not a secure channel.
