Foreign exchange market, exchange rate developments, and international reserves 2020

The króna depreciated by 10.4% in 2020, and turnover in the interbank foreign currency market increased by 124% year-on-year. The domestic foreign currency market was strongly affected by the COVID-19 pandemic, and the Central Bank conducted large-scale trades in the market to mitigate volatility and improve price formation.

Exchange rate

  • USD
  • GBP
  • EUR

Monetary Policy Committee report to Parliament

14 January 2021
The Central Bank Monetary Policy Committee’s (MPC) report to Parliament (Alþingi) on the Committee’s work in...

Statement of the Financial Supervision Committee 13 January 2021

13 January 2021
The Financial Supervision Committee has amended the guidelines on financial institutions’ and insurance...

Central Bank to continue regular programme of foreign currency sales

30 December 2020
From Monday 4 January 2021 through the end of the month, the Central Bank of Iceland will sell 3 million euros...