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CHF/NOK introduction and background |
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CHF/NOK represents the exchange rate between the Swiss franc and the Norwegian krone. This currency pair reflects the value of the Swiss franc expressed in Norwegian krone.
The CHF/NOK currency pair combines two European currencies from countries outside the Eurozone and the EU. The Swiss franc (CHF) is the official currency of Switzerland and Liechtenstein, with safe-haven status. The Norwegian krone (NOK) is the official currency of Norway, an oil-rich nation with a strong economy tied to natural resources.
The Swiss economy relies on its banking sector and specialised industry including pharmaceuticals. The country is known for its political neutrality, stable economy, and very high living standards. The Swiss National Bank (SNB) manages the franc and has historically intervened to prevent excessive appreciation. However, the unexpected 2015 removal of their long-standing peg to the Euro caused shockwaves in global currency markets. Norway is also a highly developed country and a major oil and gas exporter. Its currency is often influenced by global energy prices and the policies of its central bank.
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Investing in CFDs involves a high degree of risk that you will lose your money due to the use of leverage, particularly in fast moving markets, where a relatively small movement in the price can lead to a proportionately larger movement in the value of your investment. This can result in loses that exceed the funds in your account. You should consider whether you understand how CFDs work and you should seek independent advice if necessary.
ADS Securities LLC – S.P.C (“ADSS”) is authorised and regulated by the Securities and Commodities Authority (“SCA”) in the United Arab Emirates under First Category: Dealing in Securities and Fifth category: Arrangement and advice (Introduction). ADSS is a Limited Liability Company – Sole Proprietorship Company incorporated under United Arab Emirates law. The company is registered with the Department of Economic Development of Abu Dhabi (No. 1190047) and has its principal place of business at 8th Floor, CI Tower, Corniche Road, P.O. Box 93894, Abu Dhabi, United Arab Emirates.
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