5. June 2019 - Economic Forecast
After having appreciated somewhat the first couple of days of April, the Icelandic króna has been slowly depreciating. At the end of day yesterday (4 June), the euro stood at 139.4, 4.5% higher than the lowest daily closing value in the first weeks of April (133.45). The CBI sold EUR 15m against the depreciation on 22 and 23 May. Otherwise, the CBI has stayed on the side-line.
Icelandic FX market - June 2019
Landsbankinn hf. Austurstræti 11, 155 Reykjavík, Reg. No. 471008-0280
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