CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Please refer to our Risk Disclosure Statement
The base currency – AUD. The counter currency – NOK. The AUD to NOK currency exchange rate shows how the Australian dollar relates to the Norwegian krone. The Australian dollar, also nicknamed as the ‘Aussie’, circulates in the Commonwealth of Australia, which is composed of Australia itself and its territories. The symbol for AUD is the dollar sign – $. The Reserve Bank of Australia is the body to control the country’s monetary policy, including the official currency. The Norwegian krone is the national currency of Norway, which was first introduced in 1875. One krone is made of smaller units – 100 øre. NOK is a free-floating currency, meaning it is controlled by the major financial body – the Norges Bank. Learn how AUD is traded against the Norwegian Krone at Capital.com
Bank of England (BoE) cut rates for the first time in August 2024, with further easing expected in the coming months. But how low are rates likely to go?
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