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Monday, November 28, 2022

Stronger ‘krone’ aids Norwegians on holiday

For the first time in nine months, it’s been costing less than eight Norwegian kroner to buy one US dollar this week. The stronger krone is thus making holidays abroad slightly less expensive for Norwegians, but more expensive for foreign tourists in Norway.

The krone has been growing steadily stronger this summer, after oil prices rose again and amidst reports of economic recovery. There also are few indications interest rates will decline.

The euro has also been weaker against the krone this week, trading at NOK 9.28 on Wednesday compared to NOK 9.49 in June.

newsinenglish.no staff

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