International Trade: Exports: Value (Goods): Excluding Ships and Oil Platforms for Norway
Norwegian Krone, Quarterly level, Quarterly, Seasonally Adjusted
XTEXVA03NOQ664S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
142,485,333,333.33
Year-over-Year Change
125.33%
Date Range
1/1/1989 - 7/1/2023
Summary
This series measures the quarterly level of the Norwegian Krone (NOK) exchange rate, adjusted for seasonal factors. It provides insights into the value of the Norwegian currency relative to other major global currencies.
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 exchange rate is a key economic indicator tracked by policymakers, analysts, and investors. It reflects the strength and stability of the Norwegian economy and can influence trade, inflation, and investment decisions.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on foreign exchange market transactions.
Historical Context
The Norwegian Krone exchange rate trends are closely monitored for their implications on Norway's exports, imports, and overall economic performance.
Key Facts
- The Norwegian Krone is the official currency of Norway.
- Norway's economy is heavily dependent on exports, particularly of oil and gas.
- The Norwegian Krone exchange rate is influenced by global commodity prices and Norway's monetary policy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the quarterly level of the Norwegian Krone (NOK) exchange rate, adjusted for seasonal factors.
Q: Why is this trend relevant for users or analysts?
A: The Norwegian Krone exchange rate is a key indicator of the strength and stability of the Norwegian economy, with implications for trade, inflation, and investment decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on foreign exchange market transactions.
Q: How is this trend used in economic policy?
A: The Norwegian Krone exchange rate trends are closely monitored by policymakers, analysts, and investors for their impact on Norway's exports, imports, and overall economic performance.
Q: Are there update delays or limitations?
A: The Norwegian Krone exchange rate data is published quarterly by the U.S. Federal Reserve and may be subject to revisions or delays.
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Citation
U.S. Federal Reserve, Norwegian Krone, Quarterly level, Quarterly, Seasonally Adjusted (XTEXVA03NOQ664S), retrieved from FRED.