The Icelandic króna depreciated in September
The Icelandic króna weakened against the currencies of our main trading partners in September. At the end of the month, the euro stood at ISK 150.9 compared to ISK 149.6 at the end of August and the US dollar stood at ISK 130.3 compared to ISK 126.4 at the end of August.
Turnover in the foreign exchange market amounted to ISK 46.3bn (EUR 289m) in September and compared with ISK 18.3bn (EUR 123m) in August. The CBI's share was ISK 4.6bn (10% of total turnover).
Of the 22 trading days in September, the CBI intervened five days. On all five days, it sold euros. The CBI's net sale of foreign currency was ISK 4,6bn (EUR 30m) in September.