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Overview of the Icelandic FX market

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 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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