ISK app­recia­ted in Febru­ary

At the end of February, the EUR/ISK stood at 152.9, compared to 156.1 at the end of January, appreciating during the month. Both turnover and fluctuation was similar as in January. The CBI continued its regular programme of currency sales.
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4 March 2021 - Landsbankinn

The ISK appreciated in February against the currencies of all main trading partners. At the end of the month, the EUR/ISK stood at 152.9, compared to 156.1 at the end of January, the USD/ISK stood at 126.2, compared to 129.0 at the end of January.

Turnover in the FX interbank market in February was ISK 28.8 bn (EUR 186 m) and contracted by 11% between months. Of that amount, the CBI’s share was ISK 10.2 bn (EUR 66 m), representing 36% 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 EUR 6 m on 2 February. The CBI has announced its intention of continuing its regular sale programme until the end of March.

ISK appreciated in February (pdf)

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