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Overview of the Icelandic FX market

After weakening slowly but steadily since the first week of April, the exchange rate of the Icelandic króna has been steady since the middle of June. However, almost no turnover has been in the interbank market with foreign exchange in the second half of June. Only EUR 2m changed hands in the second half of June. The CBI sold EUR 6m to counter the depreciation in the first half of June on 7 June. Otherwise, the CBI has stayed on the side line.

Icelandic FX market (PDF)