March 18, 2020 / 3:36 PM / 22 days ago

Norway's crown plunges past 12.00 vs euro, hit by virus, oil

OSLO, March 18 (Reuters) - Norway’s currency weakened by 5.1% on Wednesday to an all-time low against the euro, hit by a rapid economic slowdown caused by efforts to contain the spread of coronavirus and a plunge in the price of crude oil, the country’s most important export.

The euro cost 12.1237 crowns at 1529 GMT and has weakened by about 23% so far this year, according to Refinitiv data. (Reporting by Terje Solsvik, editing by Gwladys Fouche)

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