Brent NOK | Brent Norwegian Krone Investing | Brent Crude vs Norwegian Krone | &BRENT/NOK | IFCM

Brent Crude vs Norwegian Krone - Brent NOK Trading

Brent Crude vs Norwegian Krone Investing



Instrument : &BRENT/NOK

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Margin 1000
Calculation base
Status: Closed Trading
Prev. closing
Open price
Today, max.
Today, min.

Brent Norwegian Krone Description

The personal composite instrument «&BRENT/NOK» reflects the price dynamics of a barrel of crude oil Brent against the Norwegian krone. The base part of the instrument is composed of 1 barrel of crude oil Brent brand, and the quoted part – 1 Norwegian krone. Oil is represented by #C-BRENT - a continuous CFD on Brent oil futures.

The asset percentage content of the instrument is estimated on the basis of asset prices on the instrument creation date.

The trading instrument &BRENT/NOK is used for the analysis and trade of oil quoted against Norwegian krone.

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Created by professionals for professionals
Use these instruments for analysis and trading
Available exclusively in IFC Markets



Trading hours

Application field


PCI Components and their volume
Swipe table
&BRENT/NOKAssetVolume / 1 PCIPercentageVolume (USD) / 1 PCIUnit of measurеment
Base part1#C-BRENT1.00000.06062.9300barrels
Quoted part1NOK1.0000.00000.1300NOK


PCI main trading conditions
Swipe table
The volume to calculate Swap and 1 pip value
The size of 1 pip
Margin in USD for the volume and leverage of 1:100
67.97 USD
Creation date
Fixed spread, pip 727727727
Floating Spread, pip 727727727
Order distance, pip ---
Swap (long/short) in pips on Vol -2.690 / -3.140-2.691 / -3.140-2.691 / -3.140
>=232.43 10.00 – 1000.00 >=10.00
The value of 1 pip in USD for the Vol 000

Trading hours

PCI active trading hours
Week dayTrading hours (CET)Local trading hours
Monday 01:00 — 23:0001:00 — 23:00
Tuesday01:00 — 23:0001:00 — 23:00
Wednesday01:00 — 23:0001:00 — 23:00
Thursday01:00 — 23:0001:00 — 23:00
Friday01:00 — 21:0001:00 — 21:00

Application field

How can PCI be applied in trading?

The personal composite trading instrument &BRENT/NOK is used for trade and dynamics analysis of Brent oil vs the Norwegian krone, as well as multi-year comparative analysis of oil quoted against various currencies. For example, by building a percentage chart in the NetTradeX terminal for three instruments &BRENT/NOK, &BRENT/EUR и #C-BRENT, (Fig. 1), it is evident that in the last two years (2013-2014) oil against the Norwegian krone declined significantly less than oil vs. the euro or oil vs. the USD.

Brent vs Norwegian krone


Traders, whose main assets and investments are denominated in European currencies, will be comfortable trading this PCI.

Limit volumes (USD) for base and quoted parts = 100000.00 ; 100000.00.

To trade PCI instruments offered exclusively by IFC Markets, you need to open a free account and download the NetTradeX platform.

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