US Dollar vs. Norwegian Krone
The most popular pair to trade the Norwegian currency is the US Dollar/Krone. The Krone price is affected by shifts in oil prices and interest rates. Between 2002 and 2008, the pair saw quite a bit of volatility due to the global financial crisis, as well as variations in oil prices. Norway's economy greatly prospers from trade and a significant amount of it is done with the Eurozone and the UK. As such, the Krone is substantially influenced by adjustments in those economies.