Annual Purchasing Power Parities and exchange rates — Exchange rates in Iceland

Iceland: Annual Purchasing Power Parities and exchange rates — Exchange rates was 128.44 National currency per US dollar in 2025. ◆ Volatile

Latest (2025)
128.44 National currency per US dollar
Change on year
down 6.9%
World rank
11th
of 53 countries
All-time high
137.96 National currency per US dollar
in 2024
All-time low
0.1629 National currency per US dollar
in 1957
Years of data
76
1950–2025

Annual Purchasing Power Parities and exchange rates — Exchange rates in Iceland, 1950–2025

050100150195019872025

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.

Averages by decade

DecadeAverage LowestHighest 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

  1. 8 Costa Rica 503.5 National currency per US dollar compare
  2. 9 Hungary 353.14 National currency per US dollar compare
  3. 10 Japan 149.66 National currency per US dollar compare
  4. 12 Serbia 103.97 National currency per US dollar compare
  5. 13 Albania 93.12 National currency per US dollar compare
  6. 14 Russian Federation 92.55 National currency per US dollar compare

See the full ranking of 68 places →

More reference data data for Iceland

All data for Iceland →

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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Annual Purchasing Power Parities and exchange rates — Exchange rates in Iceland. Statizoid, drawing on Organisation for Economic Co-operation and Development. Retrieved 20 August 2026, from https://reference.statizoid.com/stat/annual-purchasing-power-parities-and-exchange-rates-exchange-rates-average/iceland/

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About this data

Indicator
Annual Purchasing Power Parities and exchange rates — Exchange rates, average
Unit
National currency per US dollar
Source
Organisation for Economic Co-operation and Development
Licence
OECD Terms and Conditions (attribution required)
Coverage
68 places, 4,358 data points, 1950–2025
Last refreshed

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