For cross-border shipments, most of DHL Global Forwarding Norway's costs are invoiced in Danish kroner (DKK) and euros (EUR), while we invoice our customers in Norwegian kroner (NOK). For most of our customers, we charge for cross-border traffic a floating currency surcharge. For a few customers, currency changes have been included in our prices.
We are now in an extreme situation where the krone has become weaker than what we have included in our calculations. We therefore see ourselves having to introduce a temporary currency supplement for those of our customers who do not have a floating supplement and who are billed in Norwegian kroner (NOK). At the end of May, the increase compared to the 2022 average was equal to 16.3% against the euro and 16.1% against the Danish kroner.
The extraordinary supplement will therefore be set at 16% and it will be applied from 01.07.2023. The supplement will be valid until we see a need to change based on the development in currency going forward.