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:
Should we go for Norwegian cash, bonds and shares?
ReplyDeleteHaven't a clue, Sackers - you tell us.
Don't know myself, just scratting around for alternatives to gold or gunpowder. Do you think CU or Wolfie could comment?
ReplyDeleteI'll write to Wolfie.
ReplyDeleteI'm moving into Kroner (cash holdings) myself.
ReplyDeleteNice to hear from you, Wolfie, hope all's well.
ReplyDelete