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On Monday, the dollar was selling for 11 Norwegian kroner, which is almost equivalent to the euro selling for 12 Norwegian kroner.
The royal family is going through a difficult time. As of last weekend, 1 euro was worth 11.88 Norwegian kroner and 1 dollar was worth 10.92 Norwegian kroner.
The krona weakened further against major international currencies on Monday.
On Monday evening, the price of the dollar was just over 11 Norwegian kroner, then fell below 11 again. At around 5:30, the ticket was 10.99 Norwegian kroner. The last time the dollar was this expensive in Norwegian kroner was on explain.
On Monday afternoon, one euro cost 11.96 Norwegian kroner. a couple of hours As of early May, the euro had never been worth more than 12 Norwegian kroner since the start of the coronavirus pandemic in March 2020.
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Inflation data weak
Developments in recent years have occurred, among other things, in Oil prices Oil prices fell 0.5% on Monday.
On Monday afternoon, a barrel of North Sea oil (spot tar) was trading at about $82.19, about 40 cents cheaper than at midnight.
Lower oil prices typically have a negative impact on the krona, and vice versa. When the krona is weaker, things like vacations abroad become more expensive.
last week Krona weakensfollowed by Price increases in Norway End of June Lower than expectedWhen the inflation data was released, the exchange rate was around NOK 11.40 to the euro. Now the price is just under NOK 12.
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