Interbank market for foreign exchange
Total turnover on the interbank market for foreign exchange amounted 313.0 million Euros in September 2020, equivalent to 50.8 billion ISK. The CBI’s share of the monthly turnover was 24.8 billion ISK, but was 15.6 billion ISK in the month before. The increased turnover in September on behalf of the Central Bank is in accordance with the Bank´s announcement on September 9th 2020 to begin a regular programme of foreign currency sales.
The average Euro exchange rate vis-à-vis the Icelandic krona increased by 0.6% between August and September 2020.