How the Weak Krone Exchange Rate is Impacting Norway’s Economy

How the Weak Krone Exchange Rate is Impacting Norway’s Economy

EMBASSY, OSLO (Nettavisen): At the Eiendom Norge conference on Tuesday, central bank governor Ida Wolden Bache spoke about monetary policy and the state of the economy. – We do not manage according to a target for the krone exchange rate. But we are concerned about it, she said. also read DNB: 10.2 billion in profit … Read more

US Non-Farm Payrolls Report: Impact on the Dollar and Norwegian Krone

US Non-Farm Payrolls Report: Impact on the Dollar and Norwegian Krone

On Friday at 2.30pm, we got an answer to how many new jobs outside agriculture were created in the US in December, so-called “non-farm payrolls”. According to Trading Economics, 216,000 more people entered the workforce, against the expected 175,000. As a result, 2.7 million more people were employed last year. Effect on the krone? At … Read more

The Danish Advantage: Mountain Cabin Market in Norway

The Danish Advantage: Mountain Cabin Market in Norway

BEITOSTØLEN (Nettavisen): “It’s nice to be Danish in Norway”, also 900 meters above sea level at the entrance to Jotunheimen. Anders Lysholm at Dyve & Partnere has close to 30 years’ experience as a broker in Beitostølen. Now he will sell the most expensive cabin for sale here, at a price tag of 20 million. … Read more

Norwegian Krone Strengthens Against Euro and Dollar: Positive News for Exchange Rates

Norwegian Krone Strengthens Against Euro and Dollar: Positive News for Exchange Rates

It has been a long time since the euro cost NOK 10, but it may seem that we are moving in the right direction. The krone has cost almost up to 12 euros recently, and in just one day it has fallen by over 20 øre. Yesterday, the euro stood at DKK 11.96. Today, just … Read more

“The Norwegian Krone’s Fall: Causes, Consequences, and Solutions for a Sustainable Economy”

(This post was first published on Everythingwith which ABC Nyheter has a collaboration). Our krona continues to fall on the foreign exchange market. Now the price for one euro is almost NOK 12. A weak krone is good for our industry, but when it approaches total collapse, it creates problems for most people. For a … Read more