Exchange rates - Norges Bank Norges Bank's exchange rates are middle rates, i e the mid-point between buying and selling rates in the interbank market at a given time The exchange rates…
Activity in the Norwegian foreign exchange and derivatives markets in 2025 Unlike in the foreign exchange market, instruments in the interest rate derivatives market are only traded in a single currency Forward rate agreements (FRA) in NOK are fixed rate agreements for specific periods in the future, often from one quarter to another
Staff Memo3 2025 Monetary policy and the exchange rate in Norway I estimate how monetary policy affects the exchange rate in Norway using a local projection instrumental variables (LP-IV) framework with high-frequency monetary policy surprises as instruments I find that a surprise increase in the Norwegian policy interest rate leads to an immediate appreciation of the currency followed by a gradual
Monetary policy and the krone exchange rate - Norges Bank But the exchange rate is also important for equilibrium in the real economy, and in this context, the real exchange rate is the most relevant The real exchange rate indicates the price of foreign goods relative to Norwegian goods in a common currency
Exchange rate regimes in Norway 1816-2016 - Norges Bank An overview of exchange rate regimes in Norway since 1816 is provided in a table which is divided into ve sections; corresponding to the parts of the Norwe-gian monetary history de ned and discussed in Eitrheim, Klovland and ksendal (2016)
The krone exchange rate and altered expectations - Norges Bank High volatility increases the cost of currency hedging and reduces investors’ risk-adjusted return [Chart: The krone exchange rate and altered expectations] Let me conclude The krone has depreciated, but the degree of depreciation varies across different currencies
Norway The exchange-rate movement was correlated with the Swedish krona during most of this period, indicating a general Nordic depreciation trend when global risk appetite is low
The role of the krone exchange rate under flexible inflation targeting The interest rate differential against other countries thus falls in both cases in the model The krone depreciation is permanent Under a fixed exchange rate policy, the interest rates in the model follow interest rates abroad on a one-for-one basis so that the krone does not depreciate Output falls sharply and more than under inflation
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