NOK to PKR Currency Converter - 1 Norwegians Krone To Pakistan Rupee

NOK to PKR

Currency exchange rates keep on changing no matter which currency we consider. Here, in this article, we will see the relationship between NOK to PKR. We will also discuss the factors that impact this change in the exchange rate.

NOK

The international currency of Norway and its territories is NOK, known as Norwegian Krone. The central bank of Norway deals with the currency. Norway's currency came into existence in 1875.

Coins of 10 ore, 50 ore, 1 kroner, and 10 kroner were introduced in 1875. Coins of 1, 2, and 5 ore are made with bronze. The coins of 10, 25, and 50 ore are in silver. In contrast, the coins of 1 and 2 kroner are also of silver. Coins of 10 and 20 kroner are made of gold. In 1920, silver coins were replaced by nickel-copper coins. Iron coins replaced bronze coins. A 5-kroner coin was issued by the bank in 1963. Nowadays, coins of 1, 5, 10, and 20 kroner only exist.

Notes of 5, 10, 50, 100, 500, and 1000 kroner were introduced in 1877. A 1-kroner note was issued in 1917. In 1994 a 200 kroner note was also released.

Norway has a very stable and well-established economy. It has annually $102.8 billion in exports. The important industries of Norway are seafood, petroleum, wood items, natural gas, metals, mining, chemicals, and textiles.

The export items of Norway are machinery, equipment, petroleum products, metals, seafood, and chemicals. The major export partners are the United Kingdom, Germany, and Sweden.

The main reason for Norway's wealth is petroleum, petroleum products, and seafood. Norway has one of the largest seafood reserves.

PKR

PKR is the Pakistani Rupees. The State bank of Pakistan since 1948 deals with the currency.

In 1948 coins of 1 pice, 1 anna, 2 annas, and 1 Rupee were introduced. In 1961 1, 5, and 10 piece coins were introduced. Later, in 1963 the bank introduced 10 and 25 paise coins. The coin of 1 Rupee was introduced in 1979. In 1998 a coin of 2 Rupees was introduced. Bank introduced a coin of 5 Rupees in 2002 and revised it in 2015. Bank introduced a coin of 10 Rupees in 2016. In 2019 a coin of 50 Rupees was issued. Coins of 1, 2, 5, and 10 Rupees are common in use. Coins of 10 and 50 Rupees are rare in use.

State Bank introduced notes of 2, 5, 10, and 100 Rupees in 1953. A banknote of 50 Rupees was introduced in 1957. Bank-issued the 500 Rupee currency-note in 1986. A banknote of 20 Rupees was issued by the bank in 2005. A note of 5000 Rupees was introduced in 2006. Notes of 10, 20, 50, 100, and 500 are common in use. Notes of 1000 and 5000 are rare in use.

Pakistan is an agricultural country with annual exports of $22.505 million. Pakistan has a stable economy in central Asia due to its geographic appearance. Export industries of Pakistan include textile, petroleum, chemicals, pharmaceuticals, leather, and sports items. Export partners are the United States, the United Kingdom, the United Arab Emirates, and many more.

NOK and PKR

One NOK is equal to 0 PKR. The currency of Norway moved down in 2020 due to coronavirus. There is uncertainty in exports, which imparted drastic effects on the economy. But still, it is doing better than PKR.

If we suppose someone has a salary of 10,000 NOK, it may seem less amount. But, if we convert this amount into PKR, we will get around 0 Rupees, which is enormous. On the other hand, if someone has a salary of 10,000 Rupees, it will be of no value.