The big downturn in the oil industry has influenced the Norwegian krone in the last few years. This has resulted in low rates for the norwegians on holiday
With the new increase of the oil has the crown strengthened, and yesterday afternoon and in the night strengthened norskekronen further on.
Around the clock 03:45 made it a little jumped, and a euro costs now 8,95 million, less than the 0.3 cents cheaper than yesterday evening.
the Crown forces also against the u.s. dollar.
One dollar costs now 7,98 million, and by midnight the price was 8,01.
A british pound cost 10,18 money on Tuesday afternoon, but is in the morning hours on Wednesday dropped down to 10,15.
Cheaper to be a tourist
the Pound has fallen over the cliff measured against most of the currencies the last few days, after prime minister Therese May have suggested “a hard brexit” already before next summer. When brexit, british utmeldelse of the EUROPEAN union, became a reality in June created the news storm in the world’s financial markets.
It means cheaper London trip for Norwegian tourists – who can stay on the cheaper international travel to several countries ahead, according to experts.
the Case continues under the graph, which shows the crown’s development against the euro in the night (the decline means the euro is getting cheaper).
Aftenposten writes that valutastrateg in DNB Markets, Magne Østnor believe the recovery will continue and that the pound will reach the 9′s already spring.
– Yes, the crown will continue to strengthen over time, and this will happen in fits-and-starts. The crown is still weaker than what the prospects for the Norwegian economy would indicate. We also believe in the long term we see the euro down in the 8,20 money and the dollar all the way down in the nok 6.50, ” he says.
Just the beginning
senior analyst Ole Håkon Eek-Nielsen of Nordea Markets predicts also good langtidsutsikter with a dollar down on the 7,40 about two years.
“I think we see the start of a fairly significant stronger dollar, but usually take this process quite a long time,” he says.
Among the reasons for this development is that the prospects for the Norwegian economy have improved, together with the probability that Norges Bank cuts the interest rates have been less.
Also against svenskekronen have norskekronen appreciated the last time – but the last day it fell a tiny bit back. A Swedish ten bucks it costs now 92,95 against 92,87 million Tuesday afternoon. In the early summer was the two currencies in parity, that is worth just as much.
Below you will find E24s valutakart. Where do you see which countries have been cheaper to travel in, measured against the Norwegian crown
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