About this pair
NOK/XAU: what to know
The NOK/XAU rate shows how much XAU you get for 1 NOK. Right now, 1 NOK buys 0.0000248232 XAU at the mid-market rate. In the other direction, 1 XAU is worth 40,284.93 NOK.
In the short term NOK is driven mainly by oil and gas prices, while XAU responds to real interest rates, the dollar and safe-haven demand.
The Norwegian Krone (NOK) is issued by Norges Bank. “Krone” means “crown”. The code “XAU” combines “X” (supranational) with gold’s chemical symbol Au.
Because this pair involves a precious metal, the rate reflects global bullion prices per troy ounce. Use this mid-market figure as your benchmark: compare it with the rate your bank or broker quotes, and the difference is the margin you would pay.