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- Economic Forecast

Overview of the Icelandic FX market

After having depreciated somewhat autumn in 2018, the króna has been relatively stable so far this year. Since the beginning of the year, the EURISK exchange rate has stayed between 132 and 140 króna. The Central Bank intervened twice in the FX market last week. On Tuesday, the CB responded to an inter day depreciation of the króna by selling EUR9m (ISK 1.2 bn.). After WOW air ceased operations on 28 March, the CB sold EUR 6m (ISK 0.8bn.).

Icelandic FX market - April 2018


Weekly bulletin - 24 June 2019 07:44 AM

Icelandic Economic Weekly: Monday 24 June 2019

The Icelandic Tourist Board published its monthly tourism in figures report. Íslandsbanki issued a SEK-denominated bond.


Macro note - 20 June 2019 10:22 AM

Macro note: 1.7% GDP growth in Q1

In real terms, the economy grew by 1.7% YOY in Q1. Domestic demand decreased by 2.8%, exports increased by 2.6% and imports decreased by 8.1.


Weekly bulletin - 18 June 2019 09:57 AM

Icelandic Economic Weekly: Tuesday 18 June 2019

The Republic of Iceland issued a new Eurobond. The Government Debt Management Agency published its monthly Market Information report. Registered unemployment was 3.6% in May.