Overvalued Norwegian Krone Seen Gaining More on Rate Advantage
- Norway’s currency is 30 percent too expensive in PPP terms
- Krone to extend 2017 advance versus euro to 4 percent: survey
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The Norwegian krone is among the most overvalued currencies against the euro, but that isn’t stopping analysts from predicting a second year of gains.
The krone is trading almost 30 percent above its fair value against the common currency, an OECD measure based on purchasing power parity shows, making it the most expensive after the Swiss franc among Group-of-10 peers.