The depreciation of the Norwegian kroner has made the famously expensive Nordic country a more affordable destination for tourists, increasing spending and benefiting local businesses.

From Euronews, Nordic tourism has risen significantly in the last few months, as the Norwegian krone continues to weaken against most major global currencies.

On the other hand, for Nowegians travelling and holidaying abroad, the weaker krone means increased prices. The falling exchange rate has also caused issues for local Norwegian retailers who buy international brands, as they have become much more expensive to purchase.