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- Hagsjá/Economic Forecast

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. June turnover was ISK 22.1bn. This is roughly twice the average of the first five months of the year.

Icelandic FX market - July 2018