The Icelandic króna strengthened against the euro and the US dollar in October while weakening against the British pound, the Norwegian krona, the Swedish krona and the Swiss franc. The trade-weighted index was roughly unchanged during the month.
At the end of October, the euro stood at ISK 149.8, compared to ISK 150.9 at the end of September. Within the month, the lowest value of the euro was ISK 148.
Turnover in the foreign exchange market was ISK 24.1bn (EUR 161m) in October, a decrease of 45% between months. Of 21 business days, there were 3 with no turnover. The CBI's share was ISK 1.3bn (6% of total turnover).
The CBI intervened two days in October: on Monday 4 October, it bought EUR 6m and on Tuesday 5 October it bought EUR 3m. In total, the Central Bank bought euros for ISK 1.3bn in the month.
