Real exchange rate

07. May

April 2020

The real exchange rate of the Icelandic krona decreased by 5.4% and was 80.4 points in April 2020 compared to the previous month. The real exchange rate index measured by relative consumer prices was 11.6% lower in April compared to the same month in 2019.

Quarterly index of the real exchange rate measured by relative consumer prices was 88.2 points in the 1st quarter of 2020 (yearly average 2005 = 100) and was 3.0% lower compared to 4th quarter of 2019.

Quarterly index of the real exchange rate measured by relative labor cost was 86.6 points in the 4th quarter of 2019 (yearly average 2005 = 100), a decrease by 2.5% from the quarter before - (figures for 1st quarter of 2020 will be published in next June when relevant data on these will be available).


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