Monetary Aggregates and Their Components: Broad Money and Components: M3 for Norway
Norwegian Krone, Annual
MABMM301NOA189S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,057,914,416,666.67
Year-over-Year Change
109.49%
Date Range
1/1/1993 - 1/1/2022
Summary
This economic trend tracks the annual value of the Norwegian Krone against the U.S. Dollar. It is a key indicator of Norway's economic performance and trade dynamics.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Norwegian Krone (NOK) is the official currency of Norway. This annual series measures the average exchange rate between the NOK and the U.S. Dollar, providing insight into Norway's international competitiveness and the strength of its economy.
Methodology
The data is collected and reported by the Federal Reserve based on market exchange rates.
Historical Context
The Norwegian Krone exchange rate is closely monitored by policymakers, analysts, and investors for its implications on Norway's exports, imports, and overall economic conditions.
Key Facts
- Norway is the world's 10th largest economy by GDP.
- The Norwegian Krone is one of the most actively traded currencies globally.
- Norway's economy is heavily dependent on oil and gas exports.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual average exchange rate between the Norwegian Krone and the U.S. Dollar.
Q: Why is this trend relevant for users or analysts?
A: The Norwegian Krone exchange rate is a key indicator of Norway's international competitiveness and the strength of its export-oriented economy.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Federal Reserve based on market exchange rates.
Q: How is this trend used in economic policy?
A: Policymakers, analysts, and investors closely monitor the Norwegian Krone exchange rate for its implications on Norway's exports, imports, and overall economic conditions.
Q: Are there update delays or limitations?
A: The annual exchange rate data is published with minimal delay and is considered a reliable indicator of Norway's economic performance.
Related Trends
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Furnishings, Household Equipment and Routine Household Maintenance for Norway
NORCP050000IXOBQ
Fertility Rate, Total for Norway
SPDYNTFRTINNOR
Infra-Annual Labor Statistics: Employment Total: From 15 to 64 Years for Norway
LFEM64TTNOA647N
Harmonized Index of Consumer Prices: Mainly Administered Prices for Norway
APMAINNOM086NEST
Leading Indicators OECD: Leading indicators: CLI: Trend restored for Norway
NORLOLITOTRGYSAM
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Restaurants and Hotels for Norway
NORCP110000IXOBM
Citation
U.S. Federal Reserve, Norwegian Krone, Annual (MABMM301NOA189S), retrieved from FRED.