In Chile, the currency has appreciated against those of its trading partners, which reduces demand, which reduces price:
Chile ... has seen weak commodities hit the currencies of its two large export markets — Brazil and Russia. Brazil’s real plunged 34 per cent since the beginning of last year while the Russian rouble lost 25 per cent.
In Norway, however, the plunging oil prices have depreciated the krona against currencies of its trading partners, which increases demand, which increases price:
In Norway, the krone has weakened 16 per cent against the dollar since the start of 2015 and 6 per cent against the euro, increasing revenues in the local currency for farmers who were forced to cut prices in the wake of the Russian food import ban in 2014.