Definition

1. Noun:
   • The basic unit of money in Norway: The "Norwegian krone" is the official currency of the Kingdom of Norway. It is subdivided into 100 øre.

Usage

• The word "Norwegian krone" is used to refer to the currency itself, its value, or physical banknotes and coins.
• It is often abbreviated as in financial contexts.
• When referring to specific amounts, the word "krone" is often used in its plural form, "kroner".

Examples

• Noun:
  • The price of the book is 200 Norwegian kroner.
  • You will need to exchange your dollars for Norwegian krone before your trip.
  • The Norwegian krone has been stable against the euro this year.

Advanced Usage

• "Krone" as a standalone term: In Norway and some financial contexts, the currency is often referred to simply as the "krone". The modifier "Norwegian" is used for international clarity.
  • The hotel costs 800 kroner per night.
• Symbol: The krone is sometimes represented by the symbol "kr".

Variants and Related Words

• Krone (n.): The singular form of the unit.
• Kroner (n.): The plural form of the unit.
• Øre (n.): The subunit of the krone, representing 1/100th of a krone. (Note: Physical øre coins are no longer in circulation, but the unit is still used for electronic transactions).

Synonyms

• NOK: The official three-letter currency code (ISO 4217) for the Norwegian krone.
• Norwegian crown: A direct English translation of "krone", though this term is less commonly used in everyday language.

Related Phrases

• Exchange rate: The value of the Norwegian krone compared to another currency.
  • The exchange rate for the Norwegian krone to the US dollar is favorable today.

Noun

1. the basic unit of money in Norway