Norwegian Krone | NOK to USD last = 8.526 1w: -0.04 (-0.5%)
202120222023
Consensus (median)77.57.4
High estimate7.88.37.4
Low estimate5.86.27.3
Standard Deviation0.50.70
Count of Estimates1492
History
Forecast
Forecast Summary
RankN/S0*1*2*3*4*5*
Strong Weak       
Weakening       
Flat       
Strengthening       
Strong Stren.       
Forecast Distribution
Company plot
[Positive]

In spite of rise in oil prices in October - December 2017, we saw the depreciation of NOK against USD. The key reason of negative dynamic of the NOK's value was slowdown in house prices in Norway, which reflects the investors' anxiety about economic diversification. However I have a bullish expectations for NOK against a backdrop of housing market risks weakening and probability of rate hike during the year.