Annual Purchasing Power: Exchange rates, average in Iceland
Iceland: Annual Purchasing Power: Exchange rates, average was 128.44 National currency per US dollar in 2025. ◆ Volatile
Annual Purchasing Power Parities and exchange rates — Exchange rates in Iceland, 1950–2025
Source: Organisation for Economic Co-operation and Development. Measured in National currency per US dollar.
Analysis
Iceland recorded 128.44 National currency per US dollar for annual purchasing power parities and exchange rates — exchange rates in 2025.
The figure is down 6.9% on the previous year and down 2.6% over ten years.
Over the whole period, annual purchasing power parities and exchange rates — exchange rates in Iceland peaked at 137.96 National currency per US dollar in 2024 and was at its lowest, 0.1629 National currency per US dollar, in 1957.
That places Iceland 11th out of 53 countries with data for 2025, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Annual Purchasing Power: Exchange rates, average in Iceland, year by year
| Year | National currency per US dollar | Change |
|---|---|---|
| 1950 | 0.1629 National currency per US dollar | — |
| 1951 | 0.1629 National currency per US dollar | +0.0% |
| 1952 | 0.1629 National currency per US dollar | +0.0% |
| 1953 | 0.1629 National currency per US dollar | +0.0% |
| 1954 | 0.1629 National currency per US dollar | +0.0% |
| 1955 | 0.1629 National currency per US dollar | +0.0% |
| 1956 | 0.1629 National currency per US dollar | +0.0% |
| 1957 | 0.1629 National currency per US dollar | -0.0% |
| 1958 | 0.1629 National currency per US dollar | +0.0% |
| 1959 | 0.1629 National currency per US dollar | +0.0% |
| 1960 | 0.3619 National currency per US dollar | +122.2% |
| 1961 | 0.4008 National currency per US dollar | +10.8% |
| 1962 | 0.43 National currency per US dollar | +7.3% |
| 1963 | 0.43 National currency per US dollar | +0.0% |
| 1964 | 0.43 National currency per US dollar | +0.0% |
| 1965 | 0.43 National currency per US dollar | +0.0% |
| 1966 | 0.43 National currency per US dollar | +0.0% |
| 1967 | 0.4417 National currency per US dollar | +2.7% |
| 1968 | 0.6217 National currency per US dollar | +40.8% |
| 1969 | 0.88 National currency per US dollar | +41.6% |
| 1970 | 0.88 National currency per US dollar | +0.0% |
| 1971 | 0.88 National currency per US dollar | +0.0% |
| 1972 | 0.8826 National currency per US dollar | +0.3% |
| 1973 | 0.9013 National currency per US dollar | +2.1% |
| 1974 | 0.9995 National currency per US dollar | +10.9% |
| 1975 | 1.54 National currency per US dollar | +53.8% |
| 1976 | 1.82 National currency per US dollar | +18.5% |
| 1977 | 1.99 National currency per US dollar | +9.2% |
| 1978 | 2.71 National currency per US dollar | +36.3% |
| 1979 | 3.53 National currency per US dollar | +30.1% |
| 1980 | 4.8 National currency per US dollar | +36.1% |
| 1981 | 7.22 National currency per US dollar | +50.6% |
| 1982 | 12.35 National currency per US dollar | +71.0% |
| 1983 | 24.84 National currency per US dollar | +101.1% |
| 1984 | 31.69 National currency per US dollar | +27.6% |
| 1985 | 41.51 National currency per US dollar | +31.0% |
| 1986 | 41.1 National currency per US dollar | -1.0% |
| 1987 | 38.68 National currency per US dollar | -5.9% |
| 1988 | 43.01 National currency per US dollar | +11.2% |
| 1989 | 57.04 National currency per US dollar | +32.6% |
| 1990 | 58.28 National currency per US dollar | +2.2% |
| 1991 | 59 National currency per US dollar | +1.2% |
| 1992 | 57.55 National currency per US dollar | -2.5% |
| 1993 | 67.6 National currency per US dollar | +17.5% |
| 1994 | 69.94 National currency per US dollar | +3.5% |
| 1995 | 64.69 National currency per US dollar | -7.5% |
| 1996 | 66.5 National currency per US dollar | +2.8% |
| 1997 | 70.9 National currency per US dollar | +6.6% |
| 1998 | 70.96 National currency per US dollar | +0.1% |
| 1999 | 72.34 National currency per US dollar | +1.9% |
| 2000 | 78.62 National currency per US dollar | +8.7% |
| 2001 | 97.42 National currency per US dollar | +23.9% |
| 2002 | 91.66 National currency per US dollar | -5.9% |
| 2003 | 76.71 National currency per US dollar | -16.3% |
| 2004 | 70.19 National currency per US dollar | -8.5% |
| 2005 | 62.98 National currency per US dollar | -10.3% |
| 2006 | 70.18 National currency per US dollar | +11.4% |
| 2007 | 64.06 National currency per US dollar | -8.7% |
| 2008 | 87.95 National currency per US dollar | +37.3% |
| 2009 | 123.64 National currency per US dollar | +40.6% |
| 2010 | 122.24 National currency per US dollar | -1.1% |
| 2011 | 115.95 National currency per US dollar | -5.1% |
| 2012 | 125.08 National currency per US dollar | +7.9% |
| 2013 | 122.18 National currency per US dollar | -2.3% |
| 2014 | 116.77 National currency per US dollar | -4.4% |
| 2015 | 131.92 National currency per US dollar | +13.0% |
| 2016 | 120.81 National currency per US dollar | -8.4% |
| 2017 | 106.84 National currency per US dollar | -11.6% |
| 2018 | 108.3 National currency per US dollar | +1.4% |
| 2019 | 122.61 National currency per US dollar | +13.2% |
| 2020 | 135.42 National currency per US dollar | +10.5% |
| 2021 | 126.99 National currency per US dollar | -6.2% |
| 2022 | 135.28 National currency per US dollar | +6.5% |
| 2023 | 137.94 National currency per US dollar | +2.0% |
| 2024 | 137.96 National currency per US dollar | +0.0% |
| 2025 | 128.44 National currency per US dollar | -6.9% |
Iceland compared with similar countries
- Iceland's 128.44 National currency per US dollar is above the median for high income countries, which is 1.31 National currency per US dollar, 98.2× the median. (35 countries reporting)
- Iceland's 128.44 National currency per US dollar is above the median for Europe & Central Asia, which is 0.8861 National currency per US dollar, 145.0× the median. (28 countries reporting)
Biggest year-on-year movements
Years where Annual Purchasing Power: Exchange rates, average in Iceland changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1960 | +122.2% | 0.1629 National currency per US dollar | 0.3619 National currency per US dollar |
| 1983 | +101.1% | 12.35 National currency per US dollar | 24.84 National currency per US dollar |
| 1982 | +71.0% | 7.22 National currency per US dollar | 12.35 National currency per US dollar |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1950s | 0.1629 National currency per US dollar | 0.1629 National currency per US dollar | 0.1629 National currency per US dollar | 10 |
| 1960s | 0.4856 National currency per US dollar | 0.3619 National currency per US dollar | 0.88 National currency per US dollar | 10 |
| 1970s | 1.61 National currency per US dollar | 0.88 National currency per US dollar | 3.53 National currency per US dollar | 10 |
| 1980s | 30.23 National currency per US dollar | 4.8 National currency per US dollar | 57.04 National currency per US dollar | 10 |
| 1990s | 65.78 National currency per US dollar | 57.55 National currency per US dollar | 72.34 National currency per US dollar | 10 |
| 2000s | 82.34 National currency per US dollar | 62.98 National currency per US dollar | 123.64 National currency per US dollar | 10 |
| 2010s | 119.27 National currency per US dollar | 106.84 National currency per US dollar | 131.92 National currency per US dollar | 10 |
| 2020s | 133.67 National currency per US dollar | 126.99 National currency per US dollar | 137.96 National currency per US dollar | 6 |
Countries ranked near Iceland
- 8 Costa Rica 503.5 National currency per US dollar compare
- 9 Hungary 353.14 National currency per US dollar compare
- 10 Japan 149.66 National currency per US dollar compare
- 12 Serbia 103.97 National currency per US dollar compare
- 13 Albania 93.12 National currency per US dollar compare
- 14 Russia 92.55 National currency per US dollar compare
More reference data data for Iceland
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 0.0288 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 0.0708 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 0.1854 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 0.0001 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 0.1854 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 0.0964 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 0.062 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 0.2576 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 0.7664 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 0.0005 (2050)
Frequently asked questions
- What is annual purchasing power parities and exchange rates — exchange rates in Iceland?
- Annual purchasing power parities and exchange rates — exchange rates in Iceland was 128.44 National currency per US dollar in 2025, according to Organisation for Economic Co-operation and Development.
- What is the highest annual purchasing power parities and exchange rates — exchange rates recorded in Iceland?
- The highest recorded value was 137.96 National currency per US dollar in 2024.
- What is the lowest annual purchasing power parities and exchange rates — exchange rates recorded in Iceland?
- The lowest recorded value was 0.1629 National currency per US dollar in 1957.
- How does Iceland rank for annual purchasing power parities and exchange rates — exchange rates?
- Iceland ranks 11th out of 53 countries with data for 2025.
- Is annual purchasing power parities and exchange rates — exchange rates rising or falling in Iceland?
- Over the last ten years it is down 2.6%. The long-run trend across the full record is volatile.
- Where does this Iceland data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Annual Purchasing Power Parities and exchange rates — Exchange rates, average. Statizoid updates them automatically from the source API.
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About this data
This table shows annual Purchasing Power Parities (PPPs) for Gross Domestic Product (GDP), household final consumption expenditure and actual individual consumption. It also shows exchange rates (annual averages and end of period), sourced from the International Monetary Fund's database on International Financial Statistics. Final consumption expenditure is the expenditure of resident households on consumption goods or services, while individual consumption is the sum of household consumption plus the individual (not collective) consumption of the non-profit institutions serving households (NPISH) and General Government sectors. These indicators were presented in the previous dissemination system in the SNA_TABLE4 dataset. For further information on (PPPs) please check the following link: Purchasing Power Parities and more precisely FAQ 2: Purchasing power parities OECD statistics contact: STAT.Contact@oecd.org