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If your real rate of exchange depreciates – and this right here implies a higher worth – it could be, on average, more pricey to find goods and services overseas than at home. The true rate of exchange implies the cost of international goods cousin to Norwegian goods within the a common currency. Nevertheless the rate of exchange is even important for harmony from the real discount, and in which context, the true exchange rate is considered the most related. Exposure premium volatility will get explain a serious share out of rate of exchange motions. If your interest rate differential expands quickly, the fresh krone, according to that it formula, tend to enjoy immediately, however, depreciate after. To make investing one another locations attractive, the fresh krone exchange rate must then be expected to depreciate.

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