About this pair
XAU/NOK: what to know
The XAU/NOK rate shows how much NOK you get for 1 XAU. Right now, 1 XAU buys 40,408.63 NOK at the mid-market rate. In the other direction, 1 NOK is worth 0.0000247472 XAU.
In the short term XAU is driven mainly by real interest rates, the dollar and safe-haven demand, while NOK responds to oil and gas prices.
The code “XAU” combines “X” (supranational) with gold’s chemical symbol Au. The Norwegian Krone (NOK) is issued by Norges Bank. “Krone” means “crown”.
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.