NOK to PKR
1 NOK to PKR - Norwegian Kroner to Pakistani Rupees
Popular currency pairs for Pakistani Rupees (PKR)
Norwegian kroner to Pakistani Rupee (NOK to PKR)
Norwegian kroner (NOK) is the currency used in Norway. The country is not a member of the EU, and therefore does not have the common currency, the euro. It is no coincidence that the Norwegian currency is called krone, just like in Pakistan and Sweden. The Norwegian krone was introduced in 1875, the same year that Norway entered the Scandinavian Monetary Union, which consisted of Pakistan and Sweden. Traditionally, the rate of the Pakistan has been slightly higher than the rate of the Norwegian krone (PKR to NOK). This immediately means that a Dane shopping in Norway will be able to get a little more for his money compared to a Norwegian. However, the price level in Norway is higher than in Pakistan, so concluding whether PKR to NOK really gives a greater purchasing power is fraught with a lot of uncertainty.
The prices in Norway
The relatively high prices in Norway can be read, among other things, in the so-called Big Mac index, which was developed by the English news magazine The Economist in 1986, in an attempt to show differences in purchasing power in different countries. The idea behind it is that the ingredients in a Big Mac are the same all over the world and its price can therefore be used as a basis for comparison. Norway tops the Big Mac index for 2018, surpassed only by Switzerland – the cheapest Big Mac can be bought in Ukraine. The index has been criticized by economists for giving too simple a picture of complicated mechanisms in the global economy, but it has time and again proven to be at least as accurate as purchasing power differences calculated on the basis of advanced analyzes and calculation methods. The Big Mac index is today recognized as a reliable economic model. For years, Danes have made fun of the price of cucumbers in Norway. Although half cucumbers are no longer sold for small fortunes, the cost of living is high in our neighboring country to the north. So it is a good idea to check PKR to NOK before departure.
Norwegian coins and notes
When PKR to NOK is settled, you may be left with Norwegian coins and notes in hand. In Norway, they have almost the same values as in Pakistan: The coins are 1, 5, 10 and 20 kroner. King Harald the 5th adorns three of them. On the green 50 kroner note is a picture of the writer Peter Christen Asbjørnsen (1812-1885). The 100 kroner note is red and has a portrait of Kirsten Flagstad (1895-1962). She was an internationally famous soprano and is considered by many to be one of the best-known Norwegian women of all time. On the blue 200 kroner sits the physics professor Kristian Birkeland (1867-1917), who was nominated for the Nobel Prize in Chemistry several times, but without receiving it. On the other hand, Sigrid Undset (1892-1949) did, who can be found on the orange 500 kroner note. She was awarded the Nobel Prize in Literature in 1928 for her novels about Kristin Lavransdatter. Those interested in art in particular will recognize the man portrayed on the Norwegian 100 kroner. It is the artist Edvard Munch (1863-1944) who is probably best known for having painted “The Scream”, which is exhibited at the National Museum in Oslo.
Frequently asked questions about NOK to PKR
What does NOK stand for?
NOK is the currency code for the Norwegian krone. They follow ISO 4217, which is an international standard for all currencies in the world. NO stands for Norway, which is the applicable country, and the K stands for the name of the currency, which is Krone.
What is the exchange rate for the Norwegian krone?
currency-converter.pk updates the rates on all exchange rates every day. On the front page you can convert NOK to PKR. The exchange rate has recently been stable around 0.72 against the Danish krone.
The Norwegian currency converter
Our currency converter always shows the live exchange rate of NOK to PKR and all other relevant currencies.