7. May 2019 - Economic Forecast
In April, the Icelandic króna (ISK) depreciated slightly against the currencies of all main trading partners, except for the Swedish krona. At the end of day yesterday (6.5.2019), the euro stood at 135.9 and had appreciated by 2.1% since the beginning of the year. The US dollar stood at 121.4 and had appreciated by 4.7% since the beginning of the year. Turnover in the FX market in April was ISK12.4bn as compared with ISK 32.2bn in March.
The Central Bank did not intervene in the market in April. The Bank's last intervention was when WOW air ceased operations on 28 March, when it sold 6 million euros (ISK 0.8bn).
Icelandic FX market - May 2019
News and Notifications - 15 July 2019 11:00 AM
The international financial magazine Euromoney has selected Landsbankinn as the best bank in Iceland. Each year Euromoney designates the best banks around the world, granting them recognition with its Award for Excellence. In the selection, various factors are considered in banks' operations and policies, such as the results of their regular operations, cost optimisation and service offerings.
Weekly bulletin - 22 July 2019 09:52 AM
The Icelandic Tourist Board published its monthly Tourism in figures report. The housing price index for the capital region increased 0.2% MoM in June, bringing the YoY increase to 3.2%.
Weekly bulletin - 15 July 2019 10:00 AM
The CBI released the minutes from the last meeting of the MPC. The real exchange rate of the Icelandic krona was 10.2% lower in June than in June 2018. The Government Debt Management Agency published its monthly Market Information report.
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