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Exchange rates - Norges Bank

Exchange rates 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 are only intended to serve as an indication, and are not binding on Norges Bank or other banks. Publication time of daily exchange rates is approximately 16:00 CET.

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.

Monetary policy and the krone exchange rate - Norges Bank

Market expectations for the interest rate differential against other countries will then increase to about the same extent as expectations for Norwegian interest rates. [10] Norges Bank uses a number of models and empirical analyses to estimate the effect of the policy rate and the interest rate differential on the krone exchange rate.

Staff Memo3/2025 Monetary policy and the exchange rate in Norway

The domestic currency appreciates in response to higher expectations of the real interest rate diferential between the domestic and foreign economies, adjusted for risk. Following the initial appreciation, and in the absence of new shocks, the exchange rate gradually reverts back to its pre-shock level.

Norwegian monetary policy in the age of the euro - Norges Bank

This uncertainty, which is indicated by the costs of hedging against future exchange rate fluctuations in the short term, is now relatively limited for the Norwegian krone compared with other currencies on the rim of the euro area. Changes in the terms of trade are an important source of exchange rate fluctuations.

Valutakurser - Norges Bank

Valutakurser Valutakursene til Norges Bank er midtkurser, det vil si midtpunktet mellom kjøps- og salgskursen i interbankmarkedet på et gitt tidspunkt. Valutakursene er ment som en indikasjon og er ikke bindende for Norges Bank eller bankene. Kursene publiseres ca. kl. 16.00.

The WMR Fix and its Impact on Currency Markets - Norges Bank

1 Introduction In the summer of 2013, the London WMR 4pm Fix moved from the ne print of foreign exchange contracts to the headlines of newspapers. The London WMR 4pm Fix (or just the \Fix" hereafter) is a key reference rate in the spot foreign exchange market used extensively by market participants.1 Given the high degree of reliance that investors place on benchmarks, the 2013 news reports ...

Exchange rate regimes in Norway 1816-2016 - Norges Bank

The exchange rate index was initially calcu-lated as an arithmetic average, with bilat-eral trade weights and base rates equal to the average exchange rates in August 1978.

Historical Monetary and Financial Statistics for Norway (HMFS)

Historical exchange rate data 1819–2003 (pdf) Stock price indices Tables (xlsx) Historical stock price indices in Norway 1914-2003 (pdf) See also the publications: Historical Monetary Statistics for Norway 1819–2003 Historical Monetary Statistics for Norway – Part II Historical Monetary and Financial Statistics for Norway (published 2023)

An Equilibrium Theory of Determinate Nominal Exchange Rates, Current ...

The nominal exchange rate is the home price of foreign currency such that an increase is a depreciation. Each country is an endowment economy with uninsurable idiosyncratic labor income risk, based on Huggett (1993), where only one asset - a nominal government bond - can be traded subject to exogenously imposed borrowing limits.

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