The Norwegian krone and its value is falling again. On August 5, the performance of the Norwegian currency plunged significantly. This is the worst result since last year. The koruna weakened to NOK 10,01 against the euro. Even if the crown goes up, this situation may repeat itself in the future.
Norwegian krone - the rate is weakening more and more ...
A difficult start to the week for the Norwegian krone. The rate dropped to NOK 10 against EUR 1. The situation developed almost within four months - in April this year the exchange rate was NOK 9,56, a change of 44 øre was recorded. Norwegian krone exchange rate it is also weakening against the dollar. Experts emphasize that we must be prepared that things will not get better for now. It's worth being aware of this one difficult situation financial and monetary.
Where is the origin of the problem?
Changes in the currency market have become more acute against the background of the political and economic situation in the world. The basis is the fear of an escalation of the trade war between the US and China. It has generated anxiety and nervousness in this area huge declines on stock exchanges. It cannot be denied that the scale of the problems was deepened by the poor situation the price of oil – has been fluctuating around $60 per barrel in recent days. Specialists warn: "this situation will certainly have an impact on... Norwegian finances!”
How to live frugally?
The Norwegian krone is falling. It's worth being aware of this. This is especially important when planning a vacation Abroad trips. Now, the average Norwegian will spend much more when going on holiday with his family than in previous years. We will spend not only on the stay and the purchase of holidays, but also on the flight itself, or on the costs that we will incur on the spot - during the holiday. staying abroad. We recently wrote in one of our articles about a disturbing tendency to live beyond one's means. We encourage you to read the text: Norwegians on vacation - about holidays on credit!. Norwegians increasingly more often, when going on holiday, they go to the bank and take out a loan so that they can afford luxury while on holiday in another country.
Additional information: updated on February 15.02.2024, XNUMX
- In 2023, the NOK/PLN exchange rate was unstable and amounted to approximately PLN 0,33-0,42 per 1 NOK.
- In 2024, the NOK/PLN exchange rate began to decline again and is currently at its lowest level in several years.
- The weak Norwegian krone is beneficial for Poles who are planning a trip to Norway.
- Poles living in Norway may lose out on the weakening krone if they send money to Poland.
