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Overview of the Icelandic FX market

Last week, when the króna had depreciated by almost 7% since the beginning of the month and more than 2% within the day against the euro, the Central Bank intervened and sold 9 million euros. This represents the Central Bank's first intervention on the FX market since November 2017, when the Bank bought 3 million euros.

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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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