The krone is at its weakest against the euro ever
One euro costs NOK 10.31 on Thursday afternoon. The Norwegian krone has not been this weak since the euro was established in 1999.
According to E24, the trend is explained by a fall of oil prices and fears of the new corona virus.
– “As long as we see the development we are seeing now with regard to infection and the development in the market, it is not surprising that the krone is falling so much. This definitely hits everyone who manages funds and plans at some level,” says currency strategist Magne Østnor in DNB Markets to Nettavisen.
© NTB Scanpix / #Norway Today
