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)



Icelandic Economic Weekly: Monday 27 April 2020

The CBI released the minutes of the MPC meeting held on 2 April 2020 as well as updated crisis scenarios from the same meeting. S&P downgraded the Icelandic banks on weaker business prospects. The CBI will begin buying Treasury bonds in the secondary market at the beginning of May. Statistics Iceland released short-term indicators for tourism. Landsvirkjun decided on dividend payments for 2019.

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Icelandic Economic Weekly: Monday 6 April 2020

The CBI released the minutes of the MPC meeting held on 17 March 2020. Icelandair Group completed the sale of Icelandair Hotels. Eimskip adjusted its container sailing system. The number of overnight stays decreased by 12.7% YoY in February. The ISK depreciated by 11.9% against the euro in March. The GDM released a Quarterly Government Debt Management Prospect for Q2.

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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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