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Interbank Market for Icelandic Kronur

Databank

Data on interbank market for Icelandic krónur are published in accordance with a predetermined schedule and are posted at 09:00 hrs. on the publication date.

Data show the position at the end of the month and are available at a monthly frequency from 1998.

The latest data is preliminary.

Inquiries can be sent to support@sedlabanki.is

More detailed data for interbank market for Icelandic Krónur can be found in the Databank.

Interbank Market for Icelandic Kronur

Data for interbank market for Icelandic Kronur are collected with the aim of monitoring the development for domestic currency. The Cent­ral Bank also uses the data in its op­er­a­tions and for analytical purposes.

Foundation in law

Data collection is carried out on the basis  of the Rules on interbank transactions, no. 1196/2019,  on interbank transactions in ISK Icelandic, which are established according to the authorisation in Article 18(3) of the Act on the Central Bank of Iceland, no. 92/2019.

Interbank market for Icelandic Kronur

Data are obtained through daily reports on turnover from interbank market participants. Participants in the interbank market for Icelandic krónur (ISK) may be financial undertakings licensed to operate pursuant to the Act on Financial Undertakings, No. 161/2002,  and branches of financial undertakings outside the European Economic Area that have been authorised by the Financial Supervisory Authority in Iceland.

Interbank market participants for krónur send to the Central Bank notifications of contracts as soon as they have taken place. The data is therefore based on actual transactions between the parties. Reports on turnover from interbank market participants for krónur are recorded in a database and broken down by contract duration. The party who is contacted, sends a notification to the Central Bank about the transaction.

Revision of data

Data are not revised except when the previously submitted data are corrected by the reporter.

Interbank market 

The interbank market is divided into the interbank market for krónur (ISK) on the one hand, and the interbank market for foreign exchange on the other hand.

Interbank market in krónur (krónur market)
A market for short-term loans between market participants. Market participants shall quote interest rate bids for lending and borrowing in the market no less frequently than every 10 minutes. The market lending rate is called REIBOR (Reykjavik Interbank Offered Rates) and the deposit rate is called REIBID (Reykjavik Interbank Bid Rate).  The contractual term of loans in the interbank market for krónur can be overnight (ON), weekly (SW), one month (1M), three months (3M) and six months (6M).

Participants in the interbank market for krónur send notifications of contracts to the Central Bank as soon as they have taken place. The data is therefore based on actual transactions in real time between parties.

Interbank market for foreign exchange
The exchange rate of the Icelandic króna (ISK) is determined in the foreign exchange market. Financial companies who act as market makers are entitled to participate in the FX market, together with the Central Bank. Market makers can be entities that have an unrestricted operating licence for foreign exchange trading. The interbank market for foreign exchange is open from 9:15 AM to 4:00 PM each business day.

Upcoming events

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interbank market for icelandic kronur
09 December
9:00
Interbank Market for Icelandic Kronur
Frequency: Monthly - November 2025
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interbank market for icelandic kronur
06 January
9:00
Interbank Market for Icelandic Kronur
Frequency: Monthly - December 2025
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Statistics
TitleFrequencyNewestPeriodNextCategoryGagnabanki
Financial accounts of financial corporationsQuarterlyDecember 8Q3/2025March 6Monetary and financial statistics
Balance sheet of the Central BankMonthlyDecember 5November 2025January 13Monetary and financial statistics
Pension fundsMonthlyDecember 4October 2025January 9Monetary and financial statistics
Balance of paymentsQuarterlyDecember 4Q3 2025March 5Balance of payments
External debtQuarterlyDecember 4Q3 2025March 5Balance of payments
International investment positionQuarterlyDecember 4Q3 2025March 5Balance of payments
Portfolio investmentMonthlyNovember 28October 2025December 30Balance of payments
Market securitiesMonthlyNovember 28October 2025December 30Markets
Mutual funds, investment funds and institutional investment fundsMonthlyNovember 27October 2025January 5Monetary and financial statistics
Other financial corporationsMonthlyNovember 27October 2025January 6Monetary and financial statistics
Government credit fundsMonthlyNovember 27October 2025January 6Monetary and financial statistics
Monetary statisticsMonthlyNovember 25October 2025December 23Monetary and financial statistics
Payment intermediationMonthlyNovember 18October 2025December 17Markets
Insurance companiesMonthlyNovember 18September 2025December 17Monetary and financial statistics
International reservesMonthlyNovember 17October 2025December 15Balance of payments
Securities offeringsMonthlyNovember 17October 2025December 17Markets
Interbank Market for Foreign ExchangeMonthlyNovember 7October 2025December 9Markets
Interbank Market for Icelandic KronurMonthlyNovember 7October 2025December 9Markets
Real exchange rateMonthlyNovember 7October 2025December 9Markets
Direct investmentAnnualSeptember 192024March 20Balance of payments

News regarding interbank market for Icelandic Kronur

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