vekslingskurs

Vekslingskurs, or exchange rate, is the price at which one currency can be exchanged for another. It expresses how many units of a domestic currency are needed to buy a unit of a foreign currency, or how many foreign currency units are obtained for one unit of the domestic currency. For example, EUR/NOK = 10.5 means one euro costs 10.5 Norwegian kroner.

Exchange rates are quoted in pairs, such as EUR/USD or EUR/NOK, where the first currency is the base and the second is the counter currency. Rates can be observed in the spot market for immediate delivery and in forward markets for contracts settled on a future date. Some economies maintain a fixed or managed float regime, while others rely on a freely floating rate.

The rate is determined by supply and demand in the foreign exchange market, influenced by interest rate differentials, inflation, trade balances, and capital flows. Central banks may intervene through policy actions or reserves to influence the rate. Expectations about future events and risk also affect currency movements.

Knowledge of vekslingskurs is important for international trade, investment, pricing, and inflation management. Businesses hedge exposure with forwards, options, or hedging instruments; policymakers monitor the exchange rate to understand price competitiveness and to implement monetary policy. Real exchange rate, which adjusts for price level differences, is used to compare competitiveness over time.