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Overview of the Icelandic FX market

Since the beginning of the year, the euro has stayed between 121 and 126.5 Icelandic króna (ISK). In the last month or so, it has been just under ISK 125 and at the end of day yesterday it was ISK 124.1, which is almost the same as at the beginning of the year. After some increase in turnover between months in June, turnover decreased again in July.

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Overview of the Icelandic FX market

The last month or so, the euro has stayed close to ISK 125. While the price of a euro has exceeded ISK 125 a few times (peaked at ISK 126.5 on 21 June), it has always fallen back below ISK 125. After rather little turnover on the interbank market for foreign exchange during the first 5 months of the year, turnover increased significantly in June.

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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