The Icelandic króna depreciated in August
The Icelandic króna weakened against the currencies of our main trading partners in August. At the end of the month, the euro stood at ISK 149.6 compared to ISK 146.9 at the end of July and the US dollar stood at ISK 126.4 compared to ISK 123.3 at the end of July.
Turnover in the foreign exchange market amounted to ISK 18,3bn (EUR 123m) in August and decreased by 13% between months. The CBI's share was ISK 1.3bn (7% of total turnover).
Of the 21 trading days in August, SÍ intervened two days. On Friday 20 August it sold EUR 6m and on Monday 23 August it sold EUR 3m.