Official exchange rate

Latest fixing: 12.8.2020
Currency Mid rate
USD 136.87
GBP 178.45
CAD 103.01
DKK 21.63
NOK 15.273
SEK 15.697
CHF 149.76
JPY 1.2808
XDR 192.64
EUR 161.07
CNY 19.705
NZD 89.72
AUD 97.72
HKD 17.658
ZAR 7.875
CZK 6.164
HUF 0.467
TRY 18.72
HRK 21.52
PLN 36.579
RUB 1.8726
NGN 0.3595
TWD 4.6604
KRW 0.1156
SRD 18.31
ILS 40.182
SGD 99.66
MXN 6.137
INR 1.8296
BGN 82.35
BRL 25.43
THB 4.4032
JMD 0.92
SAR 36.495
Fixing: 2020-08-12

Changes in exchange rate listing

From 1 April 2020 onwards, the Bank will publish only the mid-rate of all currencies included in its listing, and this mid-rate will be the official reference exchange rate. Publication of the buying and selling rates will be discontinued. This is consistent with the practice of central banks in comparison countries. See the Bank’s news release dated October 9, 2019.


Official exchange rate

The above-specified reference exchange rates are not intended for direct use in market transactions or in business transactions with financial institutions. They are indicative rates published solely for information purposes and to comply with statutory requirements.

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.

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

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.

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

 

 

 

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