Official exchange rate

Latest fixing: 16.10.2018
Currency Buying rate Selling rate Mid rate
USD 115.96 116.52 116.24
GBP 153.35 154.09 153.72
CAD 89.38 89.9 89.64
DKK 17.987 18.093 18.04
NOK 14.236 14.32 14.278
SEK 13.007 13.083 13.045
CHF 117.33 117.99 117.66
JPY 1.0344 1.0404 1.0374
XDR 161.93 162.89 162.41
EUR 134.22 134.98 134.6
Fixing: 2018-10-16

The exchange rate of the Icelandic króna is determined in the foreign exchange market, which is open between 9:15 hrs. and 16:00 hrs. on weekdays. Once a day, the Central Bank of Iceland fixes the official exchange rate of the króna against foreign currencies, for use as a reference in official agreements, court cases, and other contracts between parties that do not specify another reference exchange rate; cf. Article 19 of the Act on the Central Bank of Iceland, and fixes the official exchange rate index at the same time. This is done between 10:45 hrs. and 11:00 hrs. each morning that regulated foreign exchange markets are in operation. Under extraordinary circumstances, the Central Bank may temporarily suspend its quotation of the exchange rate of the króna.

Exchange rates of other currencies can be found on a number of websites, including oanda.com. The Central Bank of Iceland cannot be held liable for information found on such websites or for use of such information; furthermore, the Bank wishes to remind the reader of the general disclaimer concerning the reliability of data on the internet, which can be found on the Copyright and disclaimer page on this website.

New February 2, 2018: As of February 1, 2018, the Icelandic króna is again among the currencies for which the European Central Bank quotes a daily reference rate. The ECB had not quoted a rate for the króna since 2008. The foreign exchange reference rates of the ECB are available here. 

Information on currency exchange rates is also available in XML format.

 

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