Interbank market for foreign exchange
Total turnover on the interbank market for foreign exchange amounted 200 million Euros in August 2020, equivalent to 32.5 billion ISK. The CBI’s share of the monthly turnover was 15.6 billion ISK, but was 4.3 billion ISK in the preceding month. The average Euro exchange rate vis-à-vis the Icelandic krona increased by 2.1% between July and August 2020.
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