Exchange rates

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Question 21

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

Year	Trade in goods surplus (NKr bn)	Exchange rate (NKr per €1)
2020	112.5	~10.72
2021	531.0	~10.16
2022	1154.6	~10.10
2023	683.2	~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.

[2]

Exchange rates

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Question 21

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

Year	Trade in goods surplus (NKr bn)	Exchange rate (NKr per €1)
2020	112.5	~10.72
2021	531.0	~10.16
2022	1154.6	~10.10
2023	683.2	~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.

[2]

Exchange rates

Question 21

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

Exchange rates Questions

Exchange rates

Question 21

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

Exchange rates Questions