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 […]

Norway’s ‘krone’ sails strongly ahead

Norway’s now-decorative currency, the krone, is getting stronger along with the country’s economy. It’s risen considerably against the US dollar and other key currencies just in the past few weeks, and economists predict that will continue. “Things have been going much better (in the Norwegian economy) than expected,” economist Erik Bruce, chief analyst for Nordea Markets, […]

Krone weakens on lower oil prices

Norway’s currency, the krone, has weakened considerably against the US dollar in the past several days. Analysts mostly blame lower oil prices, but one Norwegian economist notes that the inflationary effects of a weaker krone are now mostly “behind us.” The price of a barrel of Norway’s North Sea Brent crude oil remained low on Monday, at USD […]

One US dollar may soon cost NOK 10

Even though oil prices have been creeping upwards and Norway’s krone has strengthened a bit, at least one currency exchange strategist thinks the recovery is short-lived. By the end of the year, he thinks the US dollar will be so strong that it will cost as much as NOK 10. That would be up from Monday’s […]

Krone strengthens on stable rates

Norway’s volatile currency, the krone, immediately strengthened against the US dollar and other currencies Thursday morning, after the country’s central bank opted against lowering interest rates once again. Norges Bank’s key policy rate was kept at the still record-low level of 0.75 percent. Thursday’s krone rebound came after a rollicking night during which it had weakened considerably […]