Real exchange rate of the Icelandic krona was 86.0 points in February, a decrease of 1.7% compared to January. The real exchange rate index measured by relative consumer prices for February was 4.3% lower compared to February 2022.

In the fourth quarter of 2022 the quarterly index of the real exchange rate measured by relative consumer prices was 87.1 points (2005=100), a decrease by 4.0% compared to third quarter of 2022.

Quarterly index of the real exchange rate measured by relative labor cost was 87.1 points in the firth quarter of 2022 (2005 = 100), a decrease by 6.4% compared to third quarter of 2022.