Using Table 1: Explain what happened to Norway's exchange rate between 2020 and 2022.
Table 1 – Norway's trade balance and exchange rate, 2019–23
| Year | Trade in goods surplus (NOK bn) | Exchange rate (NOK per £) |
|---|---|---|
| 2019 | 120.0 | ~11.20 |
| 2020 | 95.0 | ~12.10 |
| 2021 | 150.0 | ~11.80 |
| 2022 | 210.0 | ~10.40 |
| 2023 | 180.0 | ~13.50 |
