International Merchandise Trade Statistics: Imports: Commodities for Norway
Norwegian Krone, Quarterly, Seasonally Adjusted
XTIMVA01NOQ664S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
278,054,300,000.00
Year-over-Year Change
10.46%
Date Range
1/1/1955 - 4/1/2025
Summary
The Norwegian Krone, Quarterly, Seasonally Adjusted series tracks the exchange rate between the Norwegian krone and the U.S. dollar on a quarterly basis, with seasonal adjustments. This metric is crucial for analyzing Norway's international trade and competitiveness.
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, Quarterly, Seasonally Adjusted series represents the market exchange rate between the Norwegian krone and the U.S. dollar, adjusted for seasonal variations. This data is widely used by economists, policymakers, and international business analysts to evaluate Norway's economic performance and trade dynamics.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on market exchange rate observations.
Historical Context
The Norwegian krone exchange rate is a key indicator for assessing Norway's trade balance, inflation pressures, and overall economic competitiveness.
Key Facts
- Norway is one of the world's largest exporters of oil and natural gas.
- The Norwegian krone is a floating currency, with its value determined by market forces.
- Fluctuations in the krone's exchange rate can significantly impact Norway's export-driven economy.
FAQs
Q: What does this economic trend measure?
A: The Norwegian Krone, Quarterly, Seasonally Adjusted series tracks the market exchange rate between the Norwegian krone and the U.S. dollar on a quarterly basis, with adjustments for seasonal variations.
Q: Why is this trend relevant for users or analysts?
A: The Norwegian krone exchange rate is a crucial indicator for evaluating Norway's international trade, competitiveness, and overall economic performance.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on observed market exchange rates.
Q: How is this trend used in economic policy?
A: The Norwegian krone exchange rate is closely monitored by policymakers, central banks, and international businesses to assess Norway's trade balance, inflation pressures, and overall economic competitiveness.
Q: Are there update delays or limitations?
A: The Norwegian Krone, Quarterly, Seasonally Adjusted series is published by the U.S. Federal Reserve on a regular quarterly basis, with minimal update delays.
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Citation
U.S. Federal Reserve, Norwegian Krone, Quarterly, Seasonally Adjusted (XTIMVA01NOQ664S), retrieved from FRED.