Norwegian Krone Norwegian Kronor Norwegian Krone Norwegian Kronor

The Norwegian Krone is being tipped by a number of analysts we follow to perform strongly in the near future as they expect Norway's central bank to begin raising rates well before the Bank of England, Federal Reserve and European Central Bank.

The Krone is already the New Year's best performing major currency thanks to a superior set of economic and financial fundamentals but occasional bouts of weakness in oil price are likely to offer investors further opportunities to buy the Norwegian currency on dips in the year ahead, according to ABN Amro. 

The Norwegian Krone gained a massive boost after inflation data showed a 4.4% rise in prices in July, which substantially reduced the probabilities of the central bank having to release more monetary stimulus measures.