Commodity market report
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4 Pages

Norway exchange rate outlook Q3 2015

Norway exchange rate outlook Q3 2015

Report summary

The Norwegian krone has depreciated 22% against the US dollar since September 2014. Monetary policy divergence from the US fed and the decline in oil price are key drivers of the 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 is the outlook for the oil driven krone?

What's included?

This report includes 2 file(s)

  • Norway exchange rate outlook Q3 2015 PDF - 363.83 KB 4 Pages, 1 Tables, 6 Figures
  • Exchange Rate Forecast Q3 2015 (portal).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
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