Real exchange rate

08. November

October 2021

Real exchange rate of the Icelandic krona was 86.0 points in October 2021, a decrease by 0.4% compared to the preceding month. The real exchange rate index measured by relative consumer prices for October 2021 was 7.6% higher compared to the same month last year.

Quarterly index of the real exchange rate measured by relative consumer prices was 87.2 points in the third quarter of 2021 (2005 = 100), which is 0.2% lower compared to second quarter of 2021.

Quarterly index of the real exchange rate measured by relative labor cost was 91.3 points in the second quarter of 2021 (2005 = 100) an increase of 6.9% compared to first quarter of 2021 - (figures for third quarter of 2021 will be published in December when relevant data on these will be available).