Real exchange rate

07. February

January 2024

Real exchange rate of the Icelandic krona was 91.4 points in January, an increase of 0.2% compared to preceding month. The real exchange rate index measured by relative consumer prices for January 2024 was 7.3% higher compared to the same month in the year 2023.

Quarterly index of the real exchange rate measured by relative consumer prices was 90.7 points in the fourth quarter of 2023 (2005=100), which is 3.2% lower compared to third quarter of 2023.

The real exchange rate measured by relative labor cost was 97.5 points (2005 = 100) in the third quarter of 2023. This is an increase of 1.0% compared to the second quarter of 2023 - (real exchange rate measured by relative labor cost in fourth quarter of 2023, will be published in the beginning of next March when relevant data on this will be available).



Supervisor: Data Management | support@sedlabanki.is