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Overview of the Icelandic FX market

At the beginning of August, the króna began to weaken. Since then, the price of the euro has risen by 10.1% and the price of the US dollar by 12.3%. The trade-weighted exchange rate index has risen by 10.8%. The Central Bank has entered the market twice since the króna entered this weakening phase. Both times the bank sold 9 million euros (ISK 1.2 bn).

Icelandic FX market - October 2018