Monday 3 May 2010

Could Norway be a safe haven?

A few weeks ago, I looked at national credit ratings and Norway was the clear leader. So I wondered how strong the Norwegian Kroner might be if other currencies began to unravel.

Could the past give us a clue? No doubt those of you who have access to more sophisticated financial software and databases can do better - this is just a starting point for discussion.

Here's the 10-year history (O&A data, interbank rate, annually on 3rd May each year, rebased to 100% against the Kroner in 2000).

And in graphic form:

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