Real exchange rate of the Icelandic krona was 80.5 points in January 2020, a decrease of 0.9% compared to the preceding month. The real exchange rate index measured by relative consumer prices for January 2021 was 10.4% 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 73.7 points in the 4th quarter of 2020 (2005 = 100), an 11.5% decrease from previous quarter.