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GUMMY to Norwegian Krone Converter and calculator

Convert 1GUMMY (GUMMY) to Norwegian Krone (NOK) equals kr 0.07831 | Bitget
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Last updated 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter offers real-time exchange rates, allowing for easy conversion of GUMMY(GUMMY) to Norwegian Krone(NOK). This is the real-time data. The current conversion shows 1 GUMMY at a value of 1 GUMMY for 0.08 NOK . Since crypto prices can change rapidly, we suggest checking back for the latest conversion result.

NOK information

About the Norwegian Krone (NOK)

What Is the Norwegian Krone (NOK)?

The Norwegian Krone (NOK), symbolized as "kr" and often abbreviated as NKr, is the official currency of Norway, including its overseas territories and dependencies of Svalbard, Bouvet Island, Queen Maud Land, and Peter I Island. The term "Krone" translates to "crown" in English. It is subdivided into 100 øre, although the øre ceased to exist in physical form in 2012 and now exists only electronically.

The Norwegian Krone (NOK) is issued by Norges Bank, which is the central bank of Norway. Norges Bank is responsible for the production and distribution of the country's currency and also plays a key role in determining and implementing monetary policy in Norway. This includes managing the country's foreign exchange reserves and ensuring financial stability. The bank's decisions and policies directly influence the value and stability of the Norwegian Krone.

What Is the History of NOK?

The Krone was introduced in 1875, replacing the Norwegian speciedaler at a rate of 4 Krone = 1 speciedaler, as Norway joined the Scandinavian Monetary Union. This union, which also included Denmark and Sweden, was based on a gold standard, with 2,480 Krone equaling 1 kilogram of pure gold. The union dissolved in 1914, but the Krone remained Norway's currency. During World War II, the Krone was pegged to the Reichsmark, and post-war, it was pegged to the British pound and later the U.S. dollar. In 1992, Norway shifted to a floating exchange rate due to heavy speculation against the Krone.

Notes and Coins of NOK

Norwegians use both coins and banknotes for transactions. Coins come in denominations of 1, 5, 10, and 20 kroner, while banknotes are available in 50, 100, 200, 500, and 1,000 kroner. The banknotes feature images of prominent Norwegians and are known for their unique and modern designs, celebrating Norway’s maritime history and culture.

Exchange Rate and Economic Influence

The value of the Krone is significantly influenced by changes in oil prices and interest rates, reflecting Norway's status as a major oil exporter. The Krone’s exchange rate against other currencies, like the USD and Euro, varies considerably, often correlating with global oil market trends. For instance, during the oil crisis of 2015, the Krone fell 20% against the dollar.

Norway is moving towards becoming a cashless society, with a high level of digitalization in financial transactions. Payment apps like Vipps are popular, and the use of cash is declining, although it is still accepted, especially among older generations and in smaller retail shops.

Why Doesn’t Norway Use the Euro?

Norway does not use the euro primarily because it is not a member of the European Union (EU). As a member of the European Economic Area (EEA), Norway enjoys access to the EU's single market without the obligations of EU membership, including adopting the euro. This arrangement allows Norway to maintain economic and monetary sovereignty, enabling it to tailor its monetary policy to its unique economic conditions, especially important given its significant oil and gas revenues. Additionally, there is considerable public and political support in Norway for maintaining the Norwegian Krone (NOK), as evidenced by the results of referendums in 1972 and 1994, where Norwegian voters opted against joining the EU. The stability and strength of Norway's economy and its currency further reinforce the decision to retain the Krone instead of adopting the euro.

Is NOK a Stable Currency?

The Norwegian Krone is generally considered a stable currency, largely due to Norway's robust economy, which is underpinned by significant revenues from its oil and gas industries. As a petroleum-based currency, the NOK's value can be influenced by fluctuations in oil prices, but Norway's prudent fiscal management, including the establishment of the Government Pension Fund Global (often referred to as the Oil Fund), helps mitigate these effects. This fund invests surplus revenues from the petroleum sector in international financial markets, providing a buffer against economic shocks. Additionally, Norway's low debt levels, strong sovereign credit ratings, and effective monetary policies by Norges Bank (the country's central bank) contribute to the Krone’s overall stability.

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Bitget crypto-to-fiat exchange data shows that the most popular GUMMY currency pair is the GUMMY to NOK, with for GUMMY's currency code being GUMMY. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for NOK.

GUMMY to NOK conversion rate trend

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In the past 1D, GUMMY has changed -0.77% to NOK. Based on the trend and price charts, GUMMY(GUMMY) has changed -0.77% to NOK while Norwegian Krone(NOK) has changed % to GUMMY in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
kr0.07964
0.0200% / 0.0320%vip-iconVIP 7
Huobi
kr0.07990
0.1000% / 0.1000%
Yes
Bybit
kr0.08001
0.1000% / 0.1000%
Yes
Last updated 2024/11/04 00:00:17(UTC+0)

How to buy GUMMY

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Buy GUMMY (GUMMY)
Use a variety of payment options to buy GUMMY on Bitget. We'll show you how.

Buy GUMMY (or USDT) for NOK (Norwegian Krone) offers

Bitget P2P trading does not currently support direct buying of GUMMY with NOK. However, you can buy USDT in Bitget P2P trading first, and then buy GUMMY with USDT via Bitget spot market.
Merchants (trades/completion rate)PriceAmount/limit
Low to high
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Sell GUMMY (or USDT) for NOK (Norwegian Krone) offers

Bitget P2P trading currently does not support direct selling of GUMMY to NOK. However, you can first exchange GUMMY for USDT in the Bitget spot market, and then sell USDT to USD in Bitget P2P trading.
Merchants (trades/completion rate)PriceAmount/limit
High to low
Payment methods
Zero fees
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What factors influence the conversion rate of GUMMY to Norwegian Krone?

GUMMY to Norwegian Krone is falling this week.
GUMMY's current market price is kr 0.07831 per GUMMY, with a total market cap of kr 0 NOK based on a circulating supply of -- GUMMY. The trading volume of GUMMY has changed by +26.59% (kr 6,995,693.3 NOK) in the last 24 hours. Last trading day, GUMMY's trading volume was kr 26,310,973.91.
Market cap
$0
24h volume
$3.03M
Circulating supply
0 GUMMY

Conversion tables

The exchange rate of GUMMY is decreasing.
1 GUMMY is currently valued at kr 0.07831 NOK , which means buying 5 GUMMY will cost kr 0.3916 NOK . Similarly, kr1 NOK can be traded for 12.77 GUMMY, and kr50 NOK can be converted to 638.45 GUMMY, excluding any platform or gas fees.
The exchange rate of 1 GUMMY to Norwegian Krone has changed by -12.67% in the last 7 days. In the last 24 hours, the rate has fluctuated by -0.77%, reaching a high of 0.08125 NOK and a low of 0.07355 NOK . One month ago, the value of 1 GUMMY was kr 0.1656 NOK , which represents a -52.66% change from its current value. Over the last year, GUMMY has changed by
+kr
0.07844NOK
, resulting in a change of -94.80% in its value.

GUMMY to NOK

Amount
08:17 am today
0.5 GUMMY
kr0.03916
1 GUMMY
kr0.07831
5 GUMMY
kr0.3916
10 GUMMY
kr0.7831
50 GUMMY
kr3.92
100 GUMMY
kr7.83
500 GUMMY
kr39.16
1000 GUMMY
kr78.31

NOK to GUMMY

Amount08:17 am today
0.5NOK6.38  GUMMY
1NOK12.77  GUMMY
5NOK63.84  GUMMY
10NOK127.69  GUMMY
50NOK638.45  GUMMY
100NOK1,276.9  GUMMY
500NOK6,384.49  GUMMY
1000NOK12,768.98  GUMMY

Today vs. 24 hours ago

Amount08:17 am today24 hours ago24h change
0.5 GUMMY$0.003568$0.003595
-0.77%
1 GUMMY$0.007135$0.007191
-0.77%
5 GUMMY$0.03568$0.03595
-0.77%
10 GUMMY$0.07135$0.07191
-0.77%
50 GUMMY$0.3568$0.3595
-0.77%
100 GUMMY$0.7135$0.7191
-0.77%
500 GUMMY$3.57$3.6
-0.77%
1000 GUMMY$7.14$7.19
-0.77%

Today vs. 1 month ago

Amount08:17 am today1 month ago1M change
0.5 GUMMY$0.003568$0.007543
-52.66%
1 GUMMY$0.007135$0.01509
-52.66%
5 GUMMY$0.03568$0.07543
-52.66%
10 GUMMY$0.07135$0.1509
-52.66%
50 GUMMY$0.3568$0.7543
-52.66%
100 GUMMY$0.7135$1.51
-52.66%
500 GUMMY$3.57$7.54
-52.66%
1000 GUMMY$7.14$15.09
-52.66%

Today vs. 1 year ago

Amount08:17 am today1 year ago1Y change
0.5 GUMMY$0.003568$-0.{5}5875
-94.80%
1 GUMMY$0.007135$-0.{4}1175
-94.80%
5 GUMMY$0.03568$-0.{4}5875
-94.80%
10 GUMMY$0.07135$-0.0001175
-94.80%
50 GUMMY$0.3568$-0.0005875
-94.80%
100 GUMMY$0.7135$-0.001175
-94.80%
500 GUMMY$3.57$-0.005875
-94.80%
1000 GUMMY$7.14$-0.01175
-94.80%

GUMMY price prediction

What will the price of GUMMY be in 2025?

Based on GUMMY's historical price performance prediction model, the price of GUMMY is projected to reach $0.03163 in 2025.

What will the price of GUMMY be in 2030?

In 2030, the GUMMY price is expected to change by +6.00%. By the end of 2030, the GUMMY price is projected to reach $0.07480, with a cumulative ROI of +787.53%.

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FAQ

What is a cryptocurrency calculator?

A cryptocurrency calculator enables users to convert various digital currencies into different world currencies according to the current exchange rate.

How does a cryptocurrency calculator work?

A cryptocurrency calculator fetches real-time values from digital currency exchange markets to convert between GUMMY and NOK.

How accurate is a cryptocurrency calculator?

Cryptocurrency calculators are generally highly accurate as they track real-time data from cryptocurrency markets, such as GUMMY and NOK. However, due to the high volatility of the cryptocurrency market, rates can fluctuate rapidly.

Can I trust the results of a cryptocurrency calculator?

While cryptocurrency calculators can provide a good starting point, remember that there might be slight differences in real-time trading due to factors such as time delay and trading platform discrepancies.

Can I use a cryptocurrency calculator for tax purposes?

Cryptocurrency calculators are useful for tax information, like coin values at given times. However, it's better to use tax-specific software or a professional for accurate reporting. Bitget Academy is a useful guide for cryptocurrency taxes, covering tax procedures, crypto transactions, effective planning, and different tax tools. Bitget prioritizes user experience, especially in optimizing tax management. With Advanced API and collaborations like Koinly, Bitget provides a smart, accessible platform for cryptocurrency trade and tax responsibilities.

Can a cryptocurrency calculator be used to convert one type of cryptocurrency to another?

If you want to know the value of GUMMY in NOK, cryptocurrency calculators can help you. But if you want to compare the worth of two different cryptocurrencies, you can use Bitget Convert. This tool simplifies the process of cryptocurrency conversion by allowing you to avoid multiple transactions or frequent transfers between wallets and exchanges. With Bitget Convert, you can seamlessly convert your cryptocurrencies in a user-friendly way.
This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Bitget to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Bitget exchange as well as other cryptocurrency exchanges and market data platforms. Bitget may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Bitget is not liable for any errors or delays in content or for any actions taken in reliance on any content.