Commodity market report

Norway exchange rate outlook Q2 2015



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Report summary

The Norwegian krone has depreciated 19% against the US dollar since May 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 contains

  • Document

    Exchange Rate Forecast Q2 2015 (portal).xls

    XLS 115.50 KB

  • Document

    Norway exchange rate outlook Q2 2015

    PDF 360.43 KB

  • Document

    Norway exchange rate outlook Q2 2015

    ZIP 405.74 KB

  • Document

    Executive summary

    PDF 199.01 KB

Table of contents

  • Executive summary

Tables and charts

This report includes 7 images and tables including:


  • 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


  • Exchange rate forecasts

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