SkyTrade
Sign up
FeaturesPlatformSecuritySign in
Forex pairs · US Dollar / Norwegian Krone

USD/NOK: live price, payout and trading hours

USD/NOK (US Dollar / Norwegian Krone) on Sky Trade is available only as OTC: generated price, 24/7, payout 39–94%. What it means, volatility and how to trade.

By Sky Trade editorial teamUpdated

Price now

USD/NOK OTC

OTC
Payout range
39–94%
Trading hours
24/7, including weekends
Price source
Generated by Sky Trade's server
Expiry
5 s to 4 h
Stake
$1 – $50,000

USD/NOK OTC is a separate price series generated by Sky Trade's server. It does not follow the real USD/NOK exchange rate.

About USD/NOK

USD/NOK is listed on Sky Trade only as OTC. Its price comes from Sky Trade's server, runs 24/7 and is not linked to the real US dollar–Norwegian krone rate. The description of the real pair below is background only.

In the real market USD/NOK shows how many kroner one US dollar buys: 10.50 would mean 1 USD = 10.50 NOK. A pip is 0.0001, and Sky Trade displays four decimals. There is a special link between the two currencies: oil is priced in US dollars, and Norway is a large producer of North Sea oil and gas. When crude rises, Norway earns more and the krone has tended to strengthen, pushing USD/NOK down; when crude falls, the reverse. Norges Bank decisions, Norwegian inflation and US data — Fed decisions, non-farm payrolls, CPI — are the other main drivers. The krone is far less liquid than the majors, so the real pair can swing hard on global risk events.

USD/NOK OTC shares only the name. Its ticks are produced by a model in which the next move is unpredictable in direction and volatility changes slowly; there is no oil, no Norges Bank and no Fed in it. Treat it as a purely statistical series.

How to trade USD/NOK on Sky Trade

  1. 1Open the terminal and choose the demo account to practise, or the real account if you have deposited.
  2. 2Pick USD/NOK in the instrument list — the market and OTC versions are listed separately, each with its current payout.
  3. 3Set the stake and the expiry: a duration (for example 1 minute) or an exact closing time.
  4. 4Press Buy if you expect the price at expiry to be above the entry price (a “higher” trade), or Sell if you expect it below (a “lower” trade). The payout is fixed at the moment you open.
  5. 5At expiry the server compares the closing price with the entry price: in your direction — stake plus payout; against you — the stake is lost; exactly equal — the stake is refunded.

Frequently asked questions

What is the payout on USD/NOK at Sky Trade?

USD/NOK pays 39–94% of the stake on a winning trade; 94% applies when it is one of the two rotating OTC leaders. The terminal shows the current value before you open a trade, and it stays fixed for that trade.

When can I trade USD/NOK?

USD/NOK is available on Sky Trade only as an OTC instrument, so it can be traded 24/7, including weekends and holidays.

Does USD/NOK OTC follow the real market?

No. The OTC price is generated by Sky Trade's server with a random-walk model and is not taken from any bank or exchange, so it can differ from the real USD/NOK rate at any moment.

What is the minimum stake and expiry for USD/NOK?

The minimum stake is $1 and the maximum is $50,000 (default limits). Expiry ranges from 5 seconds on OTC and 30 seconds on market pairs up to 4 hours.

How does the oil price affect the real USD/NOK?

Higher oil tends to strengthen the krone because Norway is a major oil exporter, which pushes USD/NOK down. The link is a tendency and can break when other factors dominate.

Does USD/NOK OTC react to US data such as non-farm payrolls?

No. The OTC price on Sky Trade is generated by the server and ignores economic releases.

Related instruments

Learn more in the academy

Practise first, then decide

Every Sky Trade account comes with a $10,000 demo balance on the same prices and payouts as the real account. Create an account or read how the demo works.

Create an accountAbout the demo account