Real exchange rate of the Icelandic krona was 95.3 points in January, an increase of 0.9% compared to the preceding month. The real exchange rate index measured by relative consumer prices for January 2025 was 4.3% higher compared to the same month in the year 2024.

Quarterly index of the real exchange rate measured by relative consumer prices was 95.4 points in the fourth quarter of 2024 (2005=100), which is an increase of 2.1% compared to the third quarter of 2024.

The real exchange rate measured by relative labor cost was 96.1 points (2005 = 100) in the third quarter of 2024. This is a decrease of 0.5% compared to the second quarter of 2024 - (real exchange rate measured by relative labor cost in fourth quarter of 2023, will be published in the beginning of next March when relevant data on this will be available).
(Please notice that due to the updating of data on labor cost per unit of production in the main trading partners countries of Iceland, the real exchange rate based on relative labor cost was revised from the first quarter of 1991 until the year 2024 and therefore, these revised data are included in this statistical publication here.)

See more detailed data for real exchange rate in the Databank.

Inquiries can be sent to adstod@sedlabanki.is