Janu­ary unevent­f­ul in the Icelandic FX mar­ket

January was uneventful on the Icelandic FX interbank market. The EUR was stable within a rather narrow limit, with both turnover and fluctuation declining between months. The CBI continued its regular programme of currency sales.
4 February 2021 - Landsbankinn

At year-end 2020, the EUR stood at ISK 156.1. The EUR was stable within a rather narrow limit in January, ending the month at the same value as it began, or 156.1. As a result of exchange rate movements within currencies, the USD and GBP increased in terms of ISK in January, as both currencies appreciated against the EUR during the month.

Turnover in the FX interbank market in January was ISK 32.5 bn (EUR 208 m) and contracted by 61% between months. Of that amount, the CBI’s share was ISK 14.6 bn (EUR 93 m), representing 45% of total turnover. In addition to its regular sale programme of EUR 3 m per business day, the CBI intervened in the market once in January, selling foreign currency for ISK 4.7 bn (EUR 30 m) on 27 January. The CBI has announced its intention of continuing its regular sale programme until the end of February.

January uneventful in the Icelandic FX market (pdf)

You may also be interested in
6 May 2021

Successful presentation of PO of Síldarvinnslan hf.

An open presentation of the public offering of shares in Síldarvinnslan, held in Harpan on Thursday, 6 May, was very successful. The meeting was open to the public and attended by a large audience, both physically and live online.
New temp image
3 May 2021

Icelandic Economic Weekly: 3 May 2021

The CPI based on prices in mid-April increased by 0.71% month-on-month, bringing the headline inflation to 4.6%.
New temp image
26 April 2021

Duplicate entries on Visa credit and debit cards

As a result of an error at SaltPay (previously Borgun), transactions with Visa payment cards made on Thursday 22 April were duplicated.
New temp image
26 April 2021

Icelandic Economic Weekly: 26 April 2021

Last week the IMF released Staff Concluding Statement of its recent Article IV Mission and the government introduced stricter border measures.
New temp image
19 April 2021

Icelandic Econcomic Weekly: 19 April 2021

Last week the CBI released its bi-annual Financial Stability report and the statement of the Financial Stability Committee.
New temp image
14 April 2021

Make an appointment or use electronic services

We will reopen Landsbankinn's branches as soon as changes to restrictions on gatherings enter into force on Thursday, 15 April. Please continue to make appointments to visit us, to help us uphold the 2-metre distance rule and ensure that we respect the 20 persons rule. By making an appointment, you also avoid unnecessary waiting.
New temp image
14 April 2021

Some disruption to Arion Bank’s services 16-18 April

During the period 16-18 April, Arion Bank in collaboration with the Icelandic Banks' Data Centre (RB), will implement a new deposit and payment system. During the implementation process, there will be some disruption to Arion Bank’s services, such as that information about transfers to accounts with Arion Bank will not appear immediately on its customers’ statements.
Íslenskir peningaseðlar
12 April 2021

ISK appreciated in March

At the end of March, the EUR/ISK stood at 148.2, compared to 152.9 at the end of February, and the exchange rate index decreased (the króna strengthened) by 1.8%. The CBI will reduce its regular currency sales as of the beginning of April.
New temp image
12 April 2021

Icelandic Economic Weekly: 12 April 2021

The Minister of Health issued amended rules at the borders on testing and quarantine.
New temp image
6 April 2021

Icelandic Economic Weekly: 6 April 2021

The Minister of Health issued amended rules at the borders on testing and quarantine.
Cookies

By clicking "Allow All", you agree to the use of cookies to enhance website functionality, analyse website usage and assist with marketing.

More on cookies