Commodity market report
| |
4 Pages

Norway exchange rate outlook Q1 2015

Norway exchange rate outlook Q1 2015

Report summary

The Norwegian krone has depreciated 23% against the US dollar since April 2014. Initially the krone was pushed lower by the end of quantitative easing in the US, however, since November 2014 the rapid decline in oil price has been a key drivers of a weaker krone. As an oil producing country, the krone has a strong positive relationship with the oil price; depreciating with falling oil prices and appreciating with rising prices.

What's included?

This report includes 2 file(s)

  • Norway exchange rate outlook Q1 2015 PDF - 356.90 KB 4 Pages, 1 Tables, 6 Figures
  • Exchange Rate Forecast Q1 2015.xls XLS - 116.00 KB


This Exchange Rate Outlook presents Wood Mackenzie's annual bilateral exchange rate forecast to 2035.

Our comprehensive understanding of commodity markets gives us a unique insight into the outlook for commodity currencies.

We forecast bilateral exchange rates by assessing fundamental drivers, including interest rate differentials, relative economic growth rates, productivity of the tradable goods sector, and the current account balance.

Wood Mackenzie's macroeconomic forecasts underpin all our commodity demand analysis, ensuring we continually deliver an integrated and consistent view.

  • Executive summary

In this report there are 7 tables or charts, including:

  • Executive summary
    • Exchange rate forecasts
    • NOK per USD: Nominal Exchange Rate
    • NOK Real Trade Weighted Exchange Rate Index
    • Norway Quarterly Current Account Balance
    • Inflation
    • Official Policy Interest Rates
    • 10 Year Government Bond Yields
Requester's name : .............
Department : .............
Authoriser's Name : .............
Authoriser's signature : .............
Date : .............
Cost Centre : .............

Questions about this report?

Frequently Asked Questions
  • Europe: +44 131 243 4699
  • Americas: +1 713 470 1900
  • Asia Pacific: +61 2 8224 8898
contact us

Why Wood Mackenzie?

Wood Mackenzie, a Verisk Analytics business, has been a trusted source of commercial intelligence for the world's natural resources sector for more than 40 years, empowering clients to make better strategic decisions with objective analysis and advice.

We work across every sector of oil, gas, power, renewables, chemicals, metals and mining, covering more than 150 countries. Our proprietary data and models are at the core of everything we do, ensuring our independent asset and company valuations are thoroughly robust and that we offer an accurate forward-looking view of economic indicators such as market supply, demand and price trends.

Our 500+ analysts are based in the regions they cover, cultivating an unrivalled depth of understanding to help clients accurately identify new opportunities, define their strategy and improve business performance.

At every stage, our teams readily collaborate and share their insight to provide an integrated perspective across entire industries. It is this unique and rigorous analytical approach that ensures we are recognised as the industry standard by the world’s most innovative organisations.