4 ms·
Weird article. That said, the NOK, a petrocurrency, has been hit hard relative to other petrocurrencies. Over the LTM, USD's up 24%, 18% and 15% v. NOK, AUD,
by caminante 11y ago
Weird article.
That said, the NOK, a petrocurrency, has been hit hard relative to other petrocurrencies. Over the LTM, USD's up 24%, 18% and 15% v. NOK, AUD, and CAD, respectively[1].
[1]https://www.google.com/finance?chdnp=1&chdd=1&chds=1&chdv=1&chvs=Linear&chdeh=0&chfdeh=0&chdet=1444603138934&chddm=357679&cmpto=CURRENCY:USDAUD;CURRENCY:USDCAD&cmptdms=0;0&q=CURRENCY:USDNOK&ntsp=1&ei=z-QaVtniG8GljAHRnZDYDw https://www.google.com/finance?chdnp=1&chdd=1&chds=1&chdv=1&...
- sjogress 11y agoI'm no economist, but from what I understand a lower valued NOK will over time help Norway's export industries (who have been suffering the last years due to high costs), which in turn will help the economy during a transition from oil and gas.