Exchange rate, new LCU per USD extended backward, period average in Iceland
Iceland: Exchange rate, new LCU per USD extended backward, period average was 123.74 in 2026. ▲ Rising
Exchange rate, new LCU per USD extended backward, period average in Iceland, 1987–2026
Source: World Bank staff calculations based on Datastream and IMF International Finance Statistics data.
Analysis
Iceland recorded 123.74 for exchange rate, new lcu per usd extended backward, period average in 2026.
That represents a change of down 3.6% on the previous year and up 2.4% over ten years.
Over the whole period, exchange rate, new lcu per usd extended backward, period average in Iceland peaked at 137.96 in 2024 and was at its lowest, 41.03, in 1987.
That places Iceland 65th out of 182 countries with data for 2026, putting it in the middle of the range.
The long-run direction has been consistently rising across the 40 years of available data.
Exchange rate, new LCU per USD extended backward, period average in Iceland, year by year
| Year | Value | Change |
|---|---|---|
| 1987 | 41.03 | — |
| 1988 | 45.63 | +11.2% |
| 1989 | 60.51 | +32.6% |
| 1990 | 61.83 | +2.2% |
| 1991 | 62.58 | +1.2% |
| 1992 | 60.74 | -3.0% |
| 1993 | 67.7 | +11.5% |
| 1994 | 69.97 | +3.4% |
| 1995 | 64.7 | -7.5% |
| 1996 | 66.53 | +2.8% |
| 1997 | 70.77 | +6.4% |
| 1998 | 71 | +0.3% |
| 1999 | 72.39 | +2.0% |
| 2000 | 78.84 | +8.9% |
| 2001 | 97.69 | +23.9% |
| 2002 | 91.56 | -6.3% |
| 2003 | 76.69 | -16.2% |
| 2004 | 70.16 | -8.5% |
| 2005 | 62.88 | -10.4% |
| 2006 | 69.93 | +11.2% |
| 2007 | 64.06 | -8.4% |
| 2008 | 88.08 | +37.5% |
| 2009 | 123.67 | +40.4% |
| 2010 | 122.22 | -1.2% |
| 2011 | 116.04 | -5.1% |
| 2012 | 125.14 | +7.8% |
| 2013 | 122.15 | -2.4% |
| 2014 | 116.69 | -4.5% |
| 2015 | 131.79 | +12.9% |
| 2016 | 120.89 | -8.3% |
| 2017 | 106.76 | -11.7% |
| 2018 | 108.17 | +1.3% |
| 2019 | 122.57 | +13.3% |
| 2020 | 135.35 | +10.4% |
| 2021 | 126.95 | -6.2% |
| 2022 | 135.26 | +6.5% |
| 2023 | 137.94 | +2.0% |
| 2024 | 137.96 | +0.0% |
| 2025 | 128.38 | -6.9% |
| 2026 | 123.74 | -3.6% |
Iceland compared with similar countries
- Iceland's 123.74 is above the median for high income countries, which is 1.14, 108.6× the median. (60 countries reporting)
- Iceland's 123.74 is above the median for Europe & Central Asia, which is 1.68, 73.5× the median. (47 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 49.06 | 41.03 | 60.51 | 3 |
| 1990s | 66.82 | 60.74 | 72.39 | 10 |
| 2000s | 82.36 | 62.88 | 123.67 | 10 |
| 2010s | 119.24 | 106.76 | 131.79 | 10 |
| 2020s | 132.23 | 123.74 | 137.96 | 7 |
Countries ranked near Iceland
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 exchange rate, new lcu per usd extended backward, period average in Iceland?
- Exchange rate, new lcu per usd extended backward, period average in Iceland was 123.74 in 2026, according to World Bank staff calculations based on Datastream and IMF International Finance Statistics data.
- What is the highest exchange rate, new lcu per usd extended backward, period average recorded in Iceland?
- The highest recorded value was 137.96 in 2024.
- What is the lowest exchange rate, new lcu per usd extended backward, period average recorded in Iceland?
- The lowest recorded value was 41.03 in 1987.
- How does Iceland rank for exchange rate, new lcu per usd extended backward, period average?
- Iceland ranks 65th out of 182 countries with data for 2026.
- Is exchange rate, new lcu per usd extended backward, period average rising or falling in Iceland?
- Over the last ten years it is up 2.4%. The long-run trend across the full record is rising.
- Where does this Iceland data come from?
- The figures come from World Bank staff calculations based on Datastream and IMF International Finance Statistics data, published as part of Exchange rate, new LCU per USD extended backward, period average. Statizoid updates them automatically from the source API.
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About this data
Local currency units (LCU) per U.S. dollar, with values prior to the currency's introduction presented in the new currency's terms