Real exchange rate

06. March

February 2020

The real exchange rate of the Icelandic krona remained unchanged in February 2020 compared to the previous month. The real exchange rate index measured by relative consumer prices was 1.2% lower in February compared to the same month 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 86.6 points (yearly average 2005 = 100) in the 4th quarter of 2019, a decrease by 2.5% from the quarter before.


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