You want to buy some Norwegian Krone (NOK) to spend while taking in the fjords on your upcoming Norwegian vacation.

(4 points) You look up the exchange rate on your phone. It informs you that the current rate is 9.02 NOK/USD. Is that the rate you will get when you convert your dollars (USD) to krone (NOK)? Explain why or why not.

(4 points) The day before you depart for Oslo, Norway you are surprised to notice that the exchange rate is now 9.83 NOK/USD. Is this good for you? Why or why not? What could you have done to prevent these types of surprises (i.e., exchange rate changes) from impacting the cost of your Norway trip? Explain.