FX outlook: Norwegian krone and Swedish krona

The Norwegian krone and the Swedish krona will appreciate. The Swedish krona offers the strongest potential – Jyske Bank thinks it will appreciate by 4-5% in 2010 against the euro and the Danish krone. The Norwegian krone has already appreciated much against the euro and the Danish krone and therefore Jyske Bank does not think it will appreciate by more than 2-3% in 2010.

Jyske Bank forecast NOK/DKK (EUR in brackets)
3 months: 0.93 (8.00)
6 months: 0.94 (7.95)
12 months: 0.94 (7.90)

Jyske Bank forecast SEK/DKK (EUR in brackets)
3 months: 0.76 (9.80)
6 months: 0.78 (9.60)
12 months: 0.78 (9.50)