Real exchange rate

07. February

January 2020

The real exchange rate of the Icelandic krona decreased by 2.1% in January 2020 compared to the previous month. The real exchange rate index measured by relative consumer prices was 1.9% lower in January compared to the same month in 2019.

Quarterly index of the real exchange rate measured by relative consumer prices was 90.9 points (yearly average 2005 = 100) in the 4th quarter of 2019 and was 1.2% higher compared to 3rd quarter of 2019.

Quarterly index of the real exchange rate measured by relative labor cost was 90.2 points (yearly average 2005 = 100) in the 4th quarter of 2019, a decrease by 2.1% from the previous quarter.


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