Research

23.08.2017 14:41

Overview of the Icelandic FX market

The exchange rate of the Icelandic króna (ISK) has been quite unstable in the past 2 months or so. The ISK has depreciated against major trading partner currencies since early June when the euro temporarily dipped below ISK 110 and the USD below ISK 100. At end of day 22 August, the EUR cost ISK 124.8, up by 13.6% since the beginning of June. The USD has gone up by 8.9% during the same period.

Icelandic FX market - August 2017

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The contents published here were produced by employees of Landsbankinn Economic Research and are based on information available to the public when the analysis was compiled. Assessment of this information reflects the views of Economic Research’s employees on the analysis date, which may change without notice. | Full disclaimer