Research

Icelandic Economic Weekly: Monday 14 January 2019

A total of 2.3 million foreign passengers departed Iceland through Keflavík International Airport last year. Statistics Iceland published tourism short-term indicators and released revised numbers for trade in goods for the first 11 months of 2018 as well as preliminary numbers for December 2018. The real exchange rate of the Icelandic krona was 9.2% lower in December 2018 than in the same month 2017.

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Overview of the Icelandic FX market

The króna has continued to weaken throughout November. At the end of day 27 November the euro stood at 141.5 and had risen by 2.8% MtD. The US dollar stood at 125.3, and had risen by 3.0 MtD. The Central Bank of Iceland has once intervened in the currency market in November, selling 6 million euro on the 14th.

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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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