Norway Foreign Exchange Reserves
Norway · Monthly series · EC-NO-FER
Latest, October 2026
819.36B NOK
-4.1% from September 2026
Forecast
Forecast for October 2027: 830.90B NOK, with an 80% interval of 657.86B NOK to 1.00T NOK.
| Period | Forecast | 80% low | 80% high |
|---|---|---|---|
| November 2026 | 823.02B NOK | 783.40B NOK | 863.79B NOK |
| December 2026 | 823.31B NOK | 754.08B NOK | 896.33B NOK |
| January 2027 | 824.88B NOK | 771.59B NOK | 879.67B NOK |
| February 2027 | 825.99B NOK | 778.95B NOK | 873.77B NOK |
| March 2027 | 826.48B NOK | 764.59B NOK | 889.40B NOK |
| April 2027 | 827.23B NOK | 751.83B NOK | 903.02B NOK |
| May 2027 | 827.85B NOK | 731.00B NOK | 924.77B NOK |
| June 2027 | 828.18B NOK | 763.50B NOK | 894.76B NOK |
| July 2027 | 828.90B NOK | 759.07B NOK | 898.69B NOK |
| August 2027 | 829.32B NOK | 719.98B NOK | 936.62B NOK |
| September 2027 | 830.65B NOK | 701.84B NOK | 958.55B NOK |
| October 2027 | 830.90B NOK | 657.86B NOK | 1.00T NOK |
AI confidence
Mixed evidenceThe tests show no consistent, material advantage over the no-change baseline.
Model: Agentic Investor TSFM (foundation model)
- Accuracy vs naive
- -4%Matches the no-change baseline over 12 tests (12 tests, 4 won)
- Direction
- 45%No clear edge over a coin flip (65 of 144 calls right in 12 tests)
- Turning points
- 27 of 66Anticipated some turns (66 turns in 12 tests, 0 without a turn)
- Error vs baseline
- 4% higherError ratio 1.04; 1.00 is a tie.
- Tests won
- 4 / 12Complete rolling backtests; ties count as no win.
- Test period
- 2014-11-01 to 2026-10-0112 observations ahead per test.
- 80% band coverage
- 83%Observed outcomes inside the band across all stored test windows.
- Band coverage uses all stored test windows, including model-selection windows when present; it does not determine the confidence label.
- Evaluated 2026-11-14 against the cached history through 2026-10-01.
- This is an evaluation of the serving model; it does not establish a winner across four model classes.
How this assessment is made
AI confidence describes historical evidence for this forecast, not a probability of being correct. Each backtest fits on data available before its test window. The baseline carries the last value forward. Supported evidence requires at least six complete, non-overlapping tests, an error ratio below 0.90 (rounded to two decimals), and wins in a majority of tests. Ratios from 0.90 to below 1.10 are on par; 1.10 or above is weak evidence. Inconsistent wins produce mixed evidence. For a selected model, only the recent tests excluded from model selection determine this label. These are historical simulations using the available data, not a live trading track record; revisions and foundation-model pretraining can limit how closely they reproduce a past decision. Past performance can change.
Model comparison
Comparison pendingA new ticker first receives its serving model's forecast and evaluation. An eligible nightly batch can compare both candidates, subject to call budgets and retry limits.
Reading
It is above 64% of the 119 earlier readings since November 2016.
Recent history (24 observations)
| Period | Value |
|---|---|
| October 2026 | 819.36B NOK |
| September 2026 | 854.69B NOK |
| August 2026 | 847.31B NOK |
| July 2026 | 855.28B NOK |
| June 2026 | 905.03B NOK |
| May 2026 | 865.28B NOK |
| April 2026 | 862.51B NOK |
| March 2026 | 874.32B NOK |
| February 2026 | 854.51B NOK |
| January 2026 | 845.60B NOK |
| December 2025 | 862.23B NOK |
| November 2025 | 878.63B NOK |
| October 2025 | 882.20B NOK |
| September 2025 | 902.40B NOK |
| August 2025 | 913.97B NOK |
| July 2025 | 933.37B NOK |
| June 2025 | 942.52B NOK |
| May 2025 | 936.41B NOK |
| April 2025 | 945.06B NOK |
| March 2025 | 930.18B NOK |
| February 2025 | 980.50B NOK |
| January 2025 | 959.96B NOK |
| December 2024 | 922.51B NOK |
| November 2024 | 947.92B NOK |
Source
Data: public market data feeds.
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Also stored for Norway
- Norway Asylum Applications
- Norway Average House Prices
- Norway Balance Of Trade
- Norway Bankruptcies
- Norway Building Permits
- Norway Business Confidence Index
- Norway CPI Housing Utilities
- Norway CPI Transportation
- Norway Capacity Utilization
- Norway Capital Flows
- Norway Car Registrations
- Norway Central Bank Balance Sheet