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Overview of the Icelandic FX market

After having appreciated somewhat the first couple of days of April, the Icelandic króna has been slowly depreciating. At the end of day yesterday (4 June), the euro stood at 139.4, 4.5% higher than the lowest daily closing value in the first weeks of April (133.45). The CBI sold EUR 15m against the depreciation on 22 and 23 May. Otherwise, the CBI has stayed on the side-line.

Icelandic FX market - June 2019

 

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.


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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.


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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.


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