Foreign exchange market, exchange rate developments, and international reserves 2022

The króna depreciated by 2.1% in 2022, and turnover in the interbank foreign currency market increased by 6% year-on-year. The Central Bank traded in the market to mitigate exchange rate volatility as it deemed warranted. Although the Bank both bought and sold currency in 2022, its net foreign currency purchases for the year totalled 13.2

Exchange rate

  • USD
  • GBP
  • EUR

New Central Bank organisational chart – changes to financial supervision structure

12 January 2023
The Central Bank of Iceland has made changes to its organisational chart effective today, Thursday 12 January...

New Central Bank rules on credit institutions’ liquidity ratios

03 January 2023
New Rules on Credit Institutions’ Liquidity Ratios, no. 1520/2022, took effect on 1 January 2023. At that...

Statement of the Central Bank of Iceland Financial Stability Committee 7 December 2022

07 December 2022
The global economic outlook is highly uncertain, and global economic development could adversely affect the...

Economic Indicators 22 December 2022

22 December 2022
The Central Bank of Iceland’s Economic Indicators report for December 2022 has been released and can be found...

Working paper no. 90: What a difference a decade makes: survey evidence from Icelandic firms

21 December 2022
The Central Bank of Iceland has published a research paper that presents results of a survey conducted among...

Monetary Bulletin 2022/4

23 November 2022
Monetary Bulletin 2022/4 has been published on the Central Bank's website. Monetary Bulletin is published four...