Commodity market report

Norway exchange rate outlook Q1 2016



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Report summary

Low oil prices are decimating the Norwegian krone down 30% against the US dollar since 2014 setting a 14 year low. Norway's dependence on hydrocarbon exports connects its currency with oil prices. What are the prospects for the krone? That depends on the outlook for oil prices.

What's included

This report contains

  • Document

    Exchange Rate Forecast Q1 2016.xls

    XLS 116.00 KB

  • Document

    Norway exchange rate outlook Q1 2016

    PDF 379.47 KB

  • Document

    Norway exchange rate outlook Q1 2016

    ZIP 425.12 KB

  • Document

    Executive summary

    PDF 219.70 KB

Table of contents

  • Executive summary

Tables and charts

This report includes 8 images and tables including:


  • Krone to the US dollar - base case and low oil price case
  • NOK per USD: nominal exchange rate
  • NOK real trade weighted exchange rate index
  • Current account (quarterly)
  • Inflation
  • Official policy interest rates
  • Government bond yields (10 year)


  • Exchange rate forecasts

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