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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. This is the third intervention by the CBI since the ISK began to weaken at the beginning of September.

Icelandic FX market - November 2018