The Icelandic króna deprecia­ted slig­htly in Dec­em­ber

The Icelandic króna depreciated slightly against the currencies of Iceland’s main trading partners in December, apart from the Japanese yen. The Central Bank of Iceland did not intervene in the market in December.
Seðlabanki Íslands
7 January 2022 - Landsbankinn

At the end of December, the euro stood at ISK 147.6 compared to 147.0 at the end of November and the US dollar at 130.4 compared to 129.4 at the end of November. The trade-weighted index increased (the króna depreciated) by 1.0% in November.

Turnover in the foreign exchange market was ISK 16.5 bn (EUR 112m) in December, roughly unchanged between months.

The Central Bank did not intervene in the market in December, for the second month in a row. The Central Bank last intervened on 5 October.

In 2021, the ISK appreciated by 2.4% based on changes to the trade-weighted index. The ISK appreciated by 5.4% against the EUR while depreciating by 2.5% against the USD and 1.3% against the GBP.

The Icelandic króna depreciated slightly in December

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