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Overview of the Icelandic FX market

The ISK depreciated slightly in January. At the end of the month, the euro stood at ISK 136.4, compared to 135.7 at the end of December. The euro has remained between 135 ISK and 138 ISK since mid-December 2019. Turnover in the interbank foreign exchange market decreased slightly MoM in January. Turnover was EUR 100m (ISK 13.7bn) as opposed to EUR 116m (ISK 5.7bn) in December 2019.

Icelandic FX market - 6 February 2020 (PDF)