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Overview of the Icelandic FX market

Since the beginning of the year, the Icelandic króna (ISK) has depreciated against the currencies of all our main trading partners, with the exception of the Swedish krona. In total, the ISK has lost 10% against the euro and 14% against the US dollar since last summer.

On Tuesday, removal of capital controls on holders of offshore krónur and reduction of special reserve requirement on capital inflows took effect. Some outflow seems to have followed, but the Central Bank intervened on the market and sold EUR 18m (ISK 2.5b) that day.

Icelandic FX market - March 2018

 

News and Notifications - 14 May 2019 08:58 AM

Pay with your phone in May and receive 1000 Aukakrónur reward

Now everyone can pay with their phone. Landsbankinn customers who pay with their phone or watch with Aukakrónur partners between 13-31 May 2019 will receive a 1000 Aukakrónur reward from Landsbankinn.


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Weekly bulletin - 13 May 2019 08:40 AM

Icelandic Economic Weekly: Monday 13 May 2019

The number of foreign passenger departures from Iceland through Keflavík International Airport decreased by 18.5% year-on-year in April, April being the first full month after WOW air ceased operations.


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News and Notifications - 08 May 2019 07:54 AM

Landsbankinn offers customers access to Apple Pay

Landsbankinn card holders can now link their payment cards to Apple Pay, which is an easy, secure and private way to pay. With Apple Pay on iPhone, Apple Watch, iPad and Mac, customers can make fast and convenient purchases in stores, in apps and on websites.


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