Exchange Rate in Iceland
Iceland - Exchange RateThe economy will have contracted sharply in annual terms in the second quarter of the year, despite the easing of containment measures in May, after contracting mildly in the first quarter. Overnight stays fell by around 90% in April–May compared to the same period a year earlier on a collapse in international travel. Moreover, in May, the number of hours worked in seasonally-adjusted terms fell for the seventh consecutive month to the lowest level since current records began in January 2003, while the unemployment rate rose to the highest level since January 2014; both of these developments will have hampered private consumption in Q2. In terms of fishing, the total catch fell 3% in annual terms in May, and was down 12% in the 12 months leading up to May. In other news, Iceland reopened its borders in late June, with Covid-19 tests required for all arrivals, meaning the tourism sector should slowly begin to regain its footing.
Iceland - Exchange Rate Data
|Exchange Rate (vs USD)||130.1||113.3||103.6||116.2||121.1|
5 years of economic forecasts for more than 30 economic indicators.
Iceland Exchange Rate Chart
Source: Thomson Reuters.
|Bond Yield||3.45||-0.99 %||Dec 31|
|Exchange Rate||121.1||-0.52 %||Jan 01|
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