Warum fällt der Nok ständig gegen den USD?
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Von MarketCrache
Warum fällt der Nok ständig gegen den USD?
https://i.redd.it/d33wq8v5e8fe1.jpeg
Von MarketCrache
12 Kommentare
Because our currency was artificially inflated by the 2008 crisis. Realistically we might fall as far as 13nok to the usd. It really sucks for exchange students such as me
Inflation due to shitty politicians.
Among other things, In financially uncertain times investors tend to flock to safe/large currencies such as the USD.
Obviously they want US persons to vacation there /s
We are selling more NOK than others are buying it.
1.7 trillion NOK oil fund. Crashing national currency. Make it make sense.
Mibey wast
Life is a game of confidence – you bet on something, and usually the combined effort on a bet equals trust.
For the time being – it doesn’t matter if you believe in logic if no one else does.
So, whatever the cause – it speaks in favor of something in opposition to the Norwegian currency.
My bet is that people aren’t that confident in the Norwegian system or the currency, because if you look at global economics, individual currencies are generally not favored.
The same can be said about global politics – we have globally moved away from a system based on equality and respect for humans and our environment, and towards a more competitive one outside general consensus regarding those values.
There’s a great discrepancy between what people say and what they do…
The first doesn’t matter that much over time when developing confidence or establishing trust, unless what you say make people bet on you – in the case of Trump i.e. who lies a lot to get people to vote for him.
And people might say they’re in favor of fairness, but if they act contradictory, it doesn’t matter any.
In short – it doesn’t matter if Norway is doing great economically and individually speaking, when the global expectancy is that it should do things differently. Norway is a small country after all…
That is for the time being, of course, but eventually logic will probably equal it all out in favor over opinions.
In that case, it’s fairly certain that China will overtake the US in global dominance, which is probably why Trump is making a big deal about a threat that feels more apparent to westerners each day, but it’s probably not stopping China – it’s probably helping those who are in a position of power already – i.e. Musk, Bezos and Zuckerberg – before it collapses on its own by stressing the foundation.
That’s my thoughts about it at least, and you don’t have to believe it of course, but I think the general essence of what I said is true to your question – the current opinion of the economic model of Norway is not favorable in comparison to what’s happening globally.
Youre not going to get very good answers. Most economical theories consider it somewhat of a mystery.
In general its lack of growth in the Norwegian economy. However there is a myriad of other factors.
Historically the NOK has had a high correlation with oil prices, but after the oil crash of 2014 we see that an increase in oil price does not mean an increase in the NOK anymore. However it still drops somewhat whenever the oil price goes down.
Most recently (the 20% drop against USD) was caused by lower interests in Norway compared to other currencies. This itself has its own reasons I wont go into here.
The NOK is also a tiny and somewhat volatile (I.e. risky) currency, which means uncertainty in the markets will lead to lower investments.
The NOK is healthy though. Theres nothing *wrong* with it. Its just not interesting.
It’s sad, but for me visiting norway it’s a bonus. Discount time!! Prices will be normal now hahaha (I am Dutch)
Nok peg with oil.
Trump say drill baby drill.
Oil dump = nok dump.
The only reason I could fathom is that the US is sucking in international investment capital as the hot place to make money on stocks and property while Norway generates a lot of cash domestically with its sovereign wealth fund that, in turn, spends a lot importing foreign goods.