International Merchandise Trade Statistics: Imports: Commodities for Norway
Norwegian Krone, Monthly, Seasonally Adjusted
XTIMVA01NOM664S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
90,183,150,000.00
Year-over-Year Change
1.00%
Date Range
1/1/1955 - 6/1/2025
Summary
The Norwegian Krone, Monthly, Seasonally Adjusted series tracks the value of the Norwegian krone against a trade-weighted basket of currencies. It is a key economic indicator used to assess Norway's international competitiveness 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 is the official currency of Norway. This series measures the trade-weighted exchange rate of the krone on a monthly basis, with seasonal adjustments to account for regular cyclical patterns. It is widely referenced by economists, policymakers, and investors to gauge Norway's economic performance and trade position relative to its major trading partners.
Methodology
The data is collected and calculated by Norway's central bank, Norges Bank, based on a basket of foreign currencies.
Historical Context
The Norwegian krone exchange rate is closely monitored by the Norges Bank and government policymakers to inform monetary and fiscal policies.
Key Facts
- Norway is one of the world's largest exporters of oil and gas.
- The krone is a freely floating currency, with the exchange rate determined by market forces.
- Fluctuations in the krone's value can significantly impact Norway's import/export competitiveness.
FAQs
Q: What does this economic trend measure?
A: This series tracks the monthly, seasonally adjusted trade-weighted exchange rate of the Norwegian krone against a basket of foreign currencies.
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 can inform economic policymaking and investment decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by Norway's central bank, Norges Bank, based on a basket of foreign currencies.
Q: How is this trend used in economic policy?
A: The Norwegian krone exchange rate is closely monitored by the Norges Bank and government policymakers to inform monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The data is published monthly with minimal delays, providing timely information on the krone's performance.
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Citation
U.S. Federal Reserve, Norwegian Krone, Monthly, Seasonally Adjusted (XTIMVA01NOM664S), retrieved from FRED.