[Article, Ministry of Finance, 18.07.2012]
The return on the GPFG during the first half of the year was 5.5 per cent, as measured in the currency basket of the Fund. When measured in Norwegian kroner, the return on the Fund was 15.9 per cent. The difference between the return in Norwegian kroner and in the currency basket of the Fund was caused by depreciation of the Norwegian krone relative to the currency basket of the Fund over this period. However, the return in international currency is the relevant measure with regard to developments in the international purchasing power of the Fund.