Search results
Results from the WOW.Com Content Network
Main page; Contents; Current events; Random article; About Wikipedia; Contact us; Pages for logged out editors learn more
The cost of one euro in Norwegian krone (from 1999) The value of the Norwegian krone compared to other currencies varies considerably from one year to another, mainly based on changes in oil prices and interest rates. In 2002 the Norwegian krone grew to record high levels against the United States dollar and the euro. On 2 January 2002, 100 ...
During World War I and World War II and their aftermaths of 1917–1925 and 1940–1950, there was a shortage of change, so 1 krone and 2 kroner notes were printed as "coin notes". The World War I edition was rendered invalid in 1926, whereas the World War II edition technically remained legal tender until 1999.
[1] [2] A more general definition is that a currency is a system of money in common use within a specific environment over time, especially for people in a nation state. [3] Under this definition, the British Pound sterling (£), euros (€), Japanese yen (¥), and U.S. dollars (US$) are examples of (government-issued) fiat currencies.
aud cad chf cny eur gbp hkd jpy usd nok sek: from yahoo! finance: aud cad chf cny eur gbp hkd jpy usd nok sek: from xe.com: aud cad chf cny eur gbp hkd jpy usd nok sek: from oanda: aud cad chf cny eur gbp hkd jpy usd nok sek
The latter's conversion to 4.50 German gold marks (hence, 1 krone = 1.125 marks) established the gold parity of the krone: one gram of fine gold worth 2.79 marks was equivalent to 2.48 krone (or 0.4032 g gold per krone).
A widely traded currency pair is the relation of the euro against the US dollar, designated as EUR/USD. The quotation EUR/USD 1.2500 means that one euro is exchanged for 1.2500 US dollars. Here, EUR is the base currency and USD is the quote currency (counter currency). This means that 1 Euro can be exchangeable to 1.25 US Dollars.
The European Exchange Rate Mechanism (ERM II) is a system introduced by the European Economic Community on 1 January 1999 alongside the introduction of a single currency, the euro (replacing ERM 1 and the euro's predecessor, the ECU) as part of the European Monetary System (EMS), to reduce exchange rate variability and achieve monetary stability in Europe.