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Exchange rates

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Question 16

Table 1 – Norway's trade in goods surplus and exchange rate, 2020–2023

YearTrade in goods surplus (NKr bn)Exchange rate (NKr per €1)
2020112.5~10.72
2021531.0~10.16
20221154.6~10.10
2023683.2~11.45

Using Table 1: Explain what effect the change in Norway's trade in goods surplus between 2020 and 2021 would have been expected to have had on the country's exchange rate.

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Markscheme

Exchange rates Questions

  1. A Level
  2. /Economics
  3. /Exchange rates

30 exam-style questions on OCR A Level Economics Exchange rates. Each one has a worked solution and a mark scheme showing where the marks go.

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