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Foreign exchange transactions

Databank

Data on banks purchase and sale of Icelandic krónur in spot transactions are published in accordance with a predetermined schedule and are posted at 09:00 hrs. on the publication date.

The data are available on a monthly frequency since January 2026.

The latest data is preliminary.

Inquiries can be sent to support@sedlabanki.is

Commercial banks purchase and sale of ISK

Amounts are in millions (M.kr.)

Foundation in law

The foundation in law for data collection is based on Rules No, 861/2022, on general reporting obligations under the Foreign Exchange Act, which are issued on the basis of Paragraph 8 of Article 10 of Act No. 70/2021 on Foreign Exchange.

Foreign exchange transactions

The term foreign exchange transactions refers here to all foreign exchange transactions by commercial banks in spot transactions where Icelandic króna is exchanged for foreign currency.

Revision of data

Data is revised if corrections are made by reporting parties.

Spot foreign exchange transactions

Spot foreign exchange transactions are defined as transactions involving two currencies where the exchange rate is determined on the trade date and settlement occurs after two or fewer days.

Other domestic financial corporation

Transactions of all domestic financial institutions other than market makers in the interbank market, pension funds and the Central Bank of Iceland. Transactions between Kvika Bank and the other commercial banks are in this category as Kvika is not a market maker according to rules no. 600/2020.

FX market maker

There are three market makers in the foreign exchange market according to rules no. 600/2020: Arion Bank, Íslandsbanki and Landsbankinn.

Resident / Non-resident

A resident is any individual and legal entity permanently residing in Iceland, irrespective of nationality. Students and embassy employees are exempt from the residency requirement. Therefore, Icelandic students and their families who reside abroad are considered residents, and foreign embassy employees are considered non-residents. Non-residents shall mean all parties except residents.

Upcoming events

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foreign exchange transactions
01 September
9:00
Foreign exchange transactions
Frequency: Monthly - July 2026
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foreign exchange transactions
15 September
9:00
Foreign exchange transactions
Frequency: Monthly - August 2026
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Statistics
TitleFrequencyNewestPeriodNextCategoryGagnabanki
Foreign exchange transactionsMonthlySeptember 1July 2026September 15Markets
Portfolio investmentMonthlyAugust 31July 2026September 29Balance of payments
Market securitiesMonthlyAugust 31July 2026September 30Markets
Government credit fundsMonthlyAugust 27July 2026September 28Monetary and financial statistics
Other financial corporationsMonthlyAugust 27July 2026September 28Monetary and financial statistics
Mutual funds, investment funds and institutional investment fundsMonthlyAugust 27July 2026September 28Monetary and financial statistics
Monetary statisticsMonthlyAugust 25July 2026September 24Monetary and financial statistics
Payment intermediationMonthlyAugust 18July 2026September 17Markets
Securities offeringsMonthlyAugust 17July 2026September 17Markets
Insurance companiesMonthlyAugust 17June 2026September 17Monetary and financial statistics
International reservesMonthlyAugust 12July 2026September 9Balance of payments
Balance sheet of the Central BankMonthlyAugust 10July 2026September 7Monetary and financial statistics
Real exchange rateMonthlyAugust 10July 2026September 7Markets
Pension fundsMonthlyAugust 7June 2026September 4Monetary and financial statistics
Interbank Market for Foreign ExchangeMonthlyAugust 6July 2026September 3Markets
Interbank Market for Icelandic KronurMonthlyAugust 6July 2026September 3Markets
Financial accounts of financial corporationsQuarterlyJune 8Q1/2026September 7Monetary and financial statistics
External debtQuarterlyJune 4Q1 2026September 3Balance of payments
Balance of paymentsQuarterlyJune 4Q1 2026September 3Balance of payments
International investment positionQuarterlyJune 4Q1 2026September 3Balance of payments
Direct investmentAnnualMarch 202024 updateSeptember 21Balance of payments