Research

07.08.2019 10:49

Overview of the Icelandic FX market

The Icelandic króna remained nearly unchanged against the euro from mid-June to mid-July in very low trading. In mid-July, the króna began to appreciate, with the EUR/ISK reaching a low of 134.55 at the end of the month after peaking at 141.8 in mid-July. Turnover in the foreign exchange market in July was similar to that in June. Almost all turnover in July was in the second half of the month.

Icelandic FX market (PDF)

 

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Icelandic Economic Weekly: Monday 2 September 2019

The MPC lowered policy rates by 0.25 percentage points. Concurrent with the policy rate decision, the CBI released its quarterly Monetary Bulletin. GDP increased by 1.4% YoY in Q2. The CPI increased by 0.28% MoM in August, bringing the headline number to 3.2%. The surplus of trade in goods and services in Q2 was ISK 9.4bn. The surplus of trade in services in Q2 was ISK 52.1bn.

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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

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