The net international investment position was positive by 1,705 b.kr., or 38.9% of GDP, and deteriorated by 47 b.kr., or 1.1% of GDP, during the quarter. External assets totalled 6,173 b.kr. at the end of the quarter, and external liabilities were 4,468 b.kr. The position deteriorated by 40 b.kr. during the quarter, owing to financial account transactions, as foreign assets declined by 132 b.kr. and foreign liabilities by 92 b.kr. Price and exchange rate movements during the quarter increased asset values by 19 b.kr. and reduced the value of liabilities by 6 b.kr., thereby yielding an improvement of 24 b.kr. in the net external position. The króna appreciated by just under 0.3% in terms of the trade-weighted index. Prices in foreign securities markets rose by 2.2% between quarters, while prices in the domestic stock market fell by 3.3%.