Real exchange rate

07. January

December 2021

Real exchange rate of the Icelandic krona was 86.9 points in December 2021, an increase by 1.6% compared to the preceding month. The real exchange rate index measured by relative consumer prices for December 2021 was 2.5% higher compared to the same month last year.

Quarterly index of the real exchange rate measured by relative consumer prices was 86.9 points in the fourth quarter of 2021 (2005 = 100), which is 0.5% lower compared to third quarter of 2021.

Quarterly index of the real exchange rate measured by relative labor cost was 88.5 points in the third quarter of 2021 (2005 = 100), a decrease by 2.7% compared to second quarter of 2021 – (figures for fourth quarter of 2021 will be published in March when relevant data on these will be available. It will also then be available to publish the year-end data for the real exchange rate measured by relative labor cost for the year 2021).