The minor currency pair EUR/NOK features two European currencies, the euro and Norwegian krone. Its price reflects how many Norwegian krone (the quote currency) are needed to buy one euro (the base currency). In particular, the value of the NOK is strongly correlated to changes in oil prices, so when oil declines, so does the currency’s value. Both currencies are also affected by economic indicators such as purchasing power parity metrics and changes to interest rates set by national banks. View our EUR/NOK chart and start spread betting or trading CFDs on this European currency pair.