Real exchange rate

06. November

October 2020

Real exchange rate of the Icelandic krona was 79.8 points in October 2020, a decrease of 0.4% compared to the previous month. The real exchange rate index measured by relative consumer prices for October 2020 was 11.5% lower compared to the same month last year.

Quarterly index of the real exchange rate measured by relative consumer prices was 81.2 points in the 3rd quarter of 2020 (2005 = 100), this is 0.9% lower compared to the previous quarter.

Quarterly index of the real exchange rate measured by relative labor cost was 87.8 points in the 2nd quarter of 2020 (2005 = 100), a 6.0% decrease from the previous quarter - (figures for 3rd quarter of 2020 will be published in December when relevant data on this will be available).


Supervisor: CBI´s IT & Statistics | fjarmalamarkadir@sedlabanki.is
Supervisor: Economic and monetary policy | raungengi@sedlabanki.is