Real exchange rate
Real exchange rate of the Icelandic krona was 80.5 points in December 2020, an increase of 5,4% compared to the previous month. The real exchange rate index measured by relative consumer prices for December 2020 was 6.8% lower compared to same month last year.
Quarterly index of the real exchange rate measured by relative consumer prices was 82.0 points in the 4th quarter of 2020 (2005 = 100), which is 1.5% higher compared to previous quarter.
Quarterly index of the real exchange rate measured by relative labor cost was 84.5 points in the 3rd quarter of 2020 (2005 = 100), a 0.5% decrease from the previous quarter - (index for real exchange rate measured to relative salary cost in the fourth quarter of 2020 will be published in the beginning of March when relevant data on this will be available).