I just noticed that the EUR/NOK currency pair has recently started attracting attention again, and many people may not fully understand why a seemingly insignificant Nordic currency pair is worth watching. Actually, there are many interesting things behind it.
The Norwegian Krone (NOK) looks stable, but in reality, its volatility is quite high. Over the past ten years, this currency pair has increased by more than 30%, experiencing several sharp shocks during that time. In 2014, when oil prices plummeted, EUR/NOK shot up directly to 10; in 2020, when the pandemic broke out, this number even re