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The cost of one euro in Norwegian krone (from 1999) The value of the Norwegian krone compared to other currencies varies considerably from one year to another, mainly based on changes in oil prices and interest rates. In 2002 the Norwegian krone grew to record high levels against the United States dollar and the euro. On 2 January 2002, 100 ...
De Facto Classification of Exchange Rate Arrangements, as of April 30, 2021, and Monetary Policy Frameworks [2]; Exchange rate arrangement (Number of countries) Exchange rate anchor
A widely traded currency pair is the relation of the euro against the US dollar, designated as EUR/USD. The quotation EUR/USD 1.2500 means that one euro is exchanged for 1.2500 US dollars. Here, EUR is the base currency and USD is the quote currency (counter currency). This means that 1 Euro can be exchangeable to 1.25 US Dollars.
Using so large aircraft on the short-haul flights in Southern Norway gave little economy-of-scale, and the airline seldom needed the increased capacity. Braathens SAFE also had problems, because from order to delivery, the exchange rates had increased from 5 to 9 NOK per USD, almost doubling the price in NOK. In 1986, the two 767s were sold.
Big Mac index, November 2022. The Big Mac Index is a price index published since 1986 by The Economist as an informal way of measuring the purchasing power parity (PPP) between two currencies and providing a test of the extent to which market exchange rates result in goods costing the same in different countries.
Most Norwegians don’t mind spending 2 minutes sending an sms to bid for an apartment 300.000 NOK (about 35.000 USD) over the tagged price, but they will drive several hundred kilometers in a day ...
"The Scandinavian currency union 1875–1914." in Jaime Reis, ed., International Monetary Systems in Historical Perspective (Palgrave Macmillan UK, 1995). pp. 91–112. Øksendal, Lars Fredrik. "The impact of the Scandinavian Monetary Union on financial market integration." Financial History Review 14#2 (2007): 125–148.
A monetary history of Norway, 1816–2016 (Cambridge University Press, 2016). Grytten, Ola. "Revising growth history: new estimates of GDP for Norway, 1816–2019" Economic History Review (Feb 2022, 75#pp 181–20 excerpt. Grytten, Ola Honningdal. "Revising price history: consumer price index for Norway 1492–2018."