Norges Bank Foreign Exchange Daily Purchase

Country:
Norway
NOK, Norwegian Krone
Source:
Sector:
Money
Low Kr-1.700 B Kr-1.295 B
Kr-1.700 B
Last release Importance Actual Forecast
Previous
Kr-1.752 B
Kr-1.700 B
Next release Actual Forecast
Previous
  • Overview
  • Chart
  • History
  • Widget

Norges Bank Foreign Exchange Daily Purchase reflects the Bank's foreign exchange transactions associated with petroleum revenue spending.

The Norwegian government receives significant revenues from petroleum activities both in Norwegian kroner and in foreign currency. Part of the revenues is used to finance the planned central government budget deficit (Norway's budget is planned with a deficit and does not include revenues from the petroleum sector). The remaining amounts are transferred to the State Pension Fund GPFG. Since the pension fund makes all investments in foreign currency, the government's NOK revenues are exchanged for foreign currency.

If the revenue in Norwegian kroner (which mainly comes from tax receipts and dividends paid by the Equinor oil company) is not enough to cover the deficit, the foreign currency revenue is exchanged for Norwegian kroner. The relevant foreign exchange operations are carried out by Norges Bank. These foreign exchange transactions are planned and smoother throughout the year, and preliminary figures are published on a monthly basis.

An increase in foreign exchange purchases or a decrease in Norwegian krone purchases indicates that petroleum revenues are above the projected budget deficit. This may happen, for example, in situations when petroleum prices rise in the global market. Such a situation is favorable for the Norwegian economy and can therefore be seen as positive for the NOK quotes. Conversely, the situations in which Norges Bank is forced to sell more currency and to buy Norwegian kroner to finance the budget deficit may indicate a worsening economic situation.

Last values:

actual data

forecast

The chart of the entire available history of the "Norges Bank Foreign Exchange Daily Purchase" macroeconomic indicator. The dashed line shows the forecast values ​​of the economic indicator for the specified dates.

A significant deviation of a real value from a forecast one may cause a short-term strengthening or weakening of a national currency in the Forex market. The threshold values ​​of the indicators signaling the approach of the critical state of the national (local) economy occupy a special place.

Date (GMT)
Reference
Actual
Forecast
Previous
Mar 2021
Kr-1.700 B
Kr-1.295 B
Kr-1.700 B
Feb 2021
Kr-1.700 B
Kr-0.655 B
Kr-0.800 B
Jan 2021
Kr-0.800 B
Kr-1.052 B
Kr-0.500 B
Dec 2020
Kr-0.500 B
Kr-1.647 B
Kr-1.600 B
Nov 2020
Kr-1.600 B
Kr-1.853 B
Kr-1.600 B
Oct 2020
Kr-1.600 B
Kr-1.375 B
Kr-2.000 B
Sep 2020
Kr-2.000 B
Kr-1.388 B
Kr-2.000 B
Aug 2020
Kr-2.000 B
Kr-2.505 B
Kr-2.500 B
Jul 2020
Kr-2.500 B
Kr-0.992 B
Kr-2.300 B
Jun 2020
Kr-2.300 B
Kr-1.395 B
Kr-2.100 B
May 2020
Kr-2.100 B
Kr-2.000 B
Apr 2020
Kr-2.000 B
Kr-0.500 B
Mar 2020
Kr-0.500 B
Kr-0.500 B
Feb 2020
Kr-0.500 B
Kr-0.500 B
Jan 2020
Kr-0.500 B
Kr-0.700 B
Dec 2019
Kr-0.700 B
Kr-0.700 B
Nov 2019
Kr-0.700 B
Kr-0.700 B
Oct 2019
Kr-0.700 B
Kr-0.700 B
Sep 2019
Kr-0.700 B
Kr-0.500 B
Aug 2019
Kr-0.500 B
Kr-0.600 B
Jul 2019
Kr-0.600 B
Kr-0.600 B
Jun 2019
Kr-0.600 B
Kr-0.600 B
May 2019
Kr-0.600 B
Kr-0.600 B
Apr 2019
Kr-0.600 B
Kr-0.600 B
Mar 2019
Kr-0.600 B
Kr-0.450 B
Feb 2019
Kr-0.450 B
Kr-0.350 B
Jan 2019
Kr-0.350 B
Kr-0.350 B
Dec 2018
Kr-0.350 B
Kr-0.350 B
Nov 2018
Kr-0.350 B
Kr-0.450 B
Oct 2018
Kr-0.450 B
Kr-0.450 B
Sep 2018
Kr-0.450 B
Kr-0.600 B
Aug 2018
Kr-0.600 B
Kr-0.600 B
Jul 2018
Kr-0.600 B
Kr-0.750 B
Jun 2018
Kr-0.750 B
Kr-0.800 B
May 2018
Kr-0.800 B
Kr-0.800 B
Apr 2018
Kr-0.800 B
Kr-0.800 B
Mar 2018
Kr-0.800 B
Kr-0.900 B
Feb 2018
Kr-0.900 B
Kr-0.900 B
Jan 2018
Kr-0.900 B
Kr-0.900 B
Dec 2017
Kr-0.900 B
Kr-0.650 B
Nov 2017
Kr-0.650 B
Kr-0.650 B
Oct 2017
Kr-0.650 B
Kr-0.650 B
Sep 2017
Kr-0.650 B
Kr-0.850 B
Aug 2017
Kr-0.850 B
Kr-0.850 B
Jul 2017
Kr-0.850 B
Kr-0.850 B
Jun 2017
Kr-0.850 B
Kr-0.850 B
May 2017
Kr-0.850 B
Kr-0.850 B
Apr 2017
Kr-0.850 B
Kr-0.850 B
Mar 2017
Kr-0.850 B
Kr-1.000 B
Feb 2017
Kr-1.000 B
Kr-1.000 B

Economic calendar widget for your website

Create your own calendar of economic events. To do this, simply specify its size and display period. You can freely use this widget on your websites. In return, we ask you to keep the provided code unchanged.

The Calendar data are provided as is. The economic news release frequency and schedule, as well as the economic parameters' values may change without our knowledge. You can use the provided information, but you accept all the risks associated with making trade decisions based on the Calendar data.

Display area

Widget type

Display information

Default calendar period

Widget language

Date format

Your embed code

Copy widget codeCopied

Preview