The Central Bank of Iceland quotes the rate of exchange of the króna daily against ten foreign currencies, cf. Article 19 of the Central Bank of Iceland Act No. 36 from May 22, 2001. A buying, selling and mid rate is fixed for each of these currencies. As of December 1, 2006, exchange rates for a further twenty-five currencies will be calculated and published on the Central Bank’s website daily. It should be underlined that the exchange rates of the additional currencies are not officially fixed in the sense of the Central Bank Act, but are solely an indicative mid-rate.

Exchange rates of the following currencies will be fixed daily:

US dollar 

 USD

 Pound sterling  

 GBP

 Canadian dollar 

 CAD

 Danish krone  

 DKK

 Norwegian krone 

 NOK

 Swedish krona 

 SEK

 Swiss franc 

 CHF

 Japanese yen

 JPY

 Special drawing rights

  XDR

 Euro 

 EUR

                           
An indicative mid rate will be published for the following currencies as of December 1, 2006:

 Chinese yuan  

 CNY

 Russian rouble 

 RUB

 Polish zloty

 PLN

 Estonian kroon 

 EEK

 Latvian lat

 LVL

 Lithuanian litas

 LTL

 Nigerian naira 

 NGN

 Taiwan dollar

 TWD

 South Korean won 

 KRW

 Surinam dollar 

 SRD

 Australian dollar

 AUD

 New Zealand dollar 

 NZD

 Hong Kong dollar 

 HKD

 Hungarian forint 

 HUF

 Israeli shekel 

 ILS

 South African rand

 ZAR

 Singapore dollar 

 SGD

 Mexican peso   

 MXN

 Maltese lira  

 MTL

 Turkish lira     

 TRY

 Croatian kuna

 HRK

 Indian rupee  

 INR

 Bulgarian lev  

 BGN

 Czech koruna   

 CZK

 Brazilian real   

 BRL

        
         
For further information contact Sturla Pálsson, Director of the International and Market Operations Department of the Central Bank of Iceland (sturla.palsson@sedlabanki.is), tel. +354 569-9638.

No. 44/2006
December 1, 2006