Trade Canadian dollar / Norwegian Krone CFD

The base currency – CAD. The counter currency – NOK. The CAD to NOK currency exchange rate determines how the Canadian dollar relates to the Norwegian krone. The Canadian dollar is the official currency of Canada, which is often referred to as the ‘Loonie’. The symbol used for CAD is $, or C$, to differentiate it from other dollars. Canada has a stable and healthy economy rated the 9th largest globally. The Canadian dollar used to be pegged to the USD. Since 1970, it has been a free floating currency controlled by the Bank of Canada. The Norwegian krone circulates in Norway, and ‘kr’ is used as a symbol for the currency. Norway is s well-developed and stable economy with a solid state ownership. One NOK is subdivided into 100 øre. The currency is issued and monitored by the Norges Bank. At Capital.com you can learn the rate of CAD to the Norwegian krone.