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Swedish Krona Has a Long Way to Go to Catch Norway's Krone

Anooja Debnath
Swedish Krona Has a Long Way to Go to Catch Norway's Krone

Other than sounding similar, Sweden’s and Norway’s currencies have little in common. The Swedish krona is the worst performer against the euro among Group-of-10 peers this year, while the Norwegian krone is leading the pack, having appreciated more than 4 percent. This gulf is unlikely to narrow any time soon, given that monetary policy in the two countries remains skewed in favor of Norway’s krone, while Sweden’s currency is more vulnerable to global trade war concerns, analysts said.