Real exchange rate

07. June

May 2019

The real exchange rate of the Icelandic krona depreciated by 1.6% in May 2019. The real exchange rate index measured by relative consumer prices was 10.1% lower in May than in the same month last year.

Quarterly index of the real exchange rate measured by relative consumer prices was 91.2 points (yearly average 2005 = 100) in the 1st quarter of 2019, an increase of 1.2% from the previous quarter.

Quarterly index of the real exchange rate measured by relative labor cost was 96.4 points (yearly average 2005 = 100) in the 1st quarter of 2019, an increase of 8.2% from the previous quarter.

Supervisor: Statistics Department | fjarmalamarkadir@sedlabanki.is
Supervisor: Economic and monetary policy | raungengi@sedlabanki.is