Forecast: USDNOK from 2023 to 2027

Exclusive: Lebanese banks that can't raise capital must leave market, central bank governor says

Updated: November 9, 2023

Inverse rate: NOK to USD


Dollar to Norwegian Krone price online today

Wondering about the future value of the Dollar against the Norwegian Krone in 2021? Uncover insights, trends, and potential swings in the USD/NOK exchange rate. Get detailed analytics, projections, and monthly breakdowns to navigate the forex waters with confidence.

Is the Dollar on an upward trajectory, or will it face a downturn against the Norwegian Krone? Your quest for actionable insights and data-driven forecasts ends here.

We employ advanced resonant artificial intelligence systems, ensuring a holistic approach that encompasses technical and fundamental analysis. We sift through the noise, considering the global geopolitical landscape, news background, and a plethora of other factors that influence the intricate dance of currency values.

Below, discover a treasure trove of insights into the Dollar/Norwegian Krone pair, enriched with graphs, tables, and a detailed narrative, turning complex data into actionable intelligence.

Navigate through each month of 2021 with precision, uncovering the projected value of Dollar against the Norwegian Krone. Every prediction is crafted with a blend of cutting-edge technology and market expertise, serving as your compass in the world of forex trading.




Deep Dive: Dollar/Norwegian Krone Exchange Rate's Historical & Projected Trends

Explore the intricate movements of the Dollar/Norwegian Krone currency pair, meticulously plotted on the interactive chart below. Witness the pair’s historical performance and journey through our expertly crafted predictions, showcasing potential trajectories for the upcoming year.

The visual representation is color-coded for optimal clarity: historical data, optimistic forecasts, pessimistic outlooks, and our esteemed weighted average best forecast. Each strand of data weaving a comprehensive tapestry of insights for USD/NOK currency enthusiasts and investors alike.

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Dollar / Norwegian Krone (USD/NOK) Forecast 2021 Monthly

Month Target Pes. Opt. Vol., %

Unravel the mystery of currency trading and investment with a comprehensive outlook provided below. These key terms are essential in understanding the depth of our currency pair forecasts and analyses.

Target refers to the anticipated weighted average price of the USD/NOK currency pair for a specific timeframe. This intricate prediction is derived from a symphony of data analyses and expert insights, ensuring a balanced and informed projection.

Pes. symbolizes the pessimistic forecast level, painting a scenario where market influences and trends lean towards a lower value of Dollar against Norwegian Krone. A vital piece of the puzzle for investors looking to understand potential downturn risks.

Opt. illuminates the optimistic forecast level, where the USD shines brightly, potentially reaching higher valuations against the NOK. A beacon for opportunities and growth, vital for strategy formulation.

Vol., % unveils the expected volatility, a key metric quantifying the anticipated fluctuations in the Dollar/Norwegian Krone currency pair's value. An indispensable insight for traders and investors aiming to navigate the dynamic waves of the forex market with precision.

Armed with these insights, step into the world of Dollar/Norwegian Krone trading with confidence. Each term is a gateway to strategic decisions, empowering you to navigate the currency markets with informed steps, turning volatility and forecasts into opportunities waiting to be seized.

USD / NOK forecast for 2021





Other currencies against the Norwegian Krone (NOK)

BEIRUT (Reuters) – Lebanese banks that cannot increase their capital by 20% by the end of February 2021 will have to get out of the market, Central Bank Governor Riad Salameh told Reuters on Thursday.

Those leaving would do so by giving their shares to the central bank, Salameh added. He said he could not speculate how many of Lebanon’s nearly 40 banks would exit the market.

“We hope all the banks will meet the criteria,” he said in a phone interview. “But after February, those who do not will have to get out of the market…The deposits will be preserved because the bank will not be put into a bankruptcy situation.”

The central bank’s foreign currency reserves stand at $19.5 billion and obligatory reserve at $17.5 billion, he said.

Lebanon’s cash-strapped banks have frozen savers out of their dollar deposits and largely blocked transfers abroad since late last year as the country sank into a financial meltdown on a scale it has never seen.

The central bank wants domestic banks to boost liquidity at their correspondent banks abroad, with which they do not have sufficient funds, Salameh said.

The state, one of the world’s most indebted, defaulted on its foreign currency debt in March, citing critically low reserves. Inflation and poverty have soared as the crisis wiped out the value of the local currency on the informal market.

With the country running out of dollars, the central bank has kept providing foreign currency for fuel, wheat and medicine imports at an official peg.

Salameh told Reuters he could not say how long the central bank could keep subsidising essential imports which is “depleting reserves”.

He has been cited as saying the bank cannot use its obligatory reserve to finance trade once it reaches the threshold.

“We are not about to float the currency and therefore for the time being we are living with these two exchange rates,” he said, adding that this decision also lies with the government.

A devastating explosion at Beirut port this month, which killed at least 180 people and wrecked swathes of the city, on top of a COVID-19 outbreak, has compounded woes.

Talks with the IMF, which Lebanon entered in May, had stalled in the absence of reforms and as a row emerged between the government, the banking sector and politicians over the scale of the country’s vast financial losses.

Salameh said it was in Lebanon’s interest to press ahead with negotiations to try to secure an IMF programme.

When asked whether he would answer calls by critics for his resignation over financial policies, he said: “We will see…It’s easy to put the cause on me or on the central bank but I think it’s a different story.”

Source: reuters.com

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