The Icelandic króna depreciated against the euro in April but appreciated against the US dollar and the pound sterling. At the end of the month, the euro stood at ISK 149.6, compared to ISK 148.1 at the end of March, and the US dollar stood at ISK 123.8, compared to ISK 126.3 at the end of March.
Turnover in the interbank foreign exchange market was ISK 33.5bn (EUR 223m) in April. The CBI's share was ISK 8.0bn (EUR 53m) of this amount, or 24% of total turnover. In addition to regular sales, the CBI intervened two days in April. On Friday 9 April, the CBI sold EUR 11m in excess of regular sales and on Wednesday 28 April, it bought EUR 9m. The CBI's net sales of foreign currency in April were ISK 5.3 bn (EUR35m).
ISK depreciated slightly against EUR but appreciated against USD in April
