Official exchange rate, LCU per USD, period average in Iceland
Iceland: Official exchange rate, LCU per USD, period average was 123.74 in 2026. ▲ Rising
Official exchange rate, LCU per USD, period average in Iceland, 1987–2026
Source: World Bank staff calculations based on Datastream and IMF International Finance Statistics data.
Analysis
The most recent figure for official exchange rate, lcu per usd, period average in Iceland is 123.74, measured in 2026.
Compared with earlier readings it is down 3.6% on the previous year and up 2.4% over ten years.
Over the whole period, official exchange rate, lcu per usd, period average in Iceland peaked at 137.96 in 2024 and was at its lowest, 41.03, in 1987.
Iceland ranks 71st of 195 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 40 years of available data.
Official exchange rate, LCU per USD, 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 4.1, 30.2× the median. (70 countries reporting)
- Iceland's 123.74 is above the median for Europe & Central Asia, which is 9.49, 13.0× the median. (50 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 official exchange rate, lcu per usd, period average in Iceland?
- Official exchange rate, lcu per usd, 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 official exchange rate, lcu per usd, period average recorded in Iceland?
- The highest recorded value was 137.96 in 2024.
- What is the lowest official exchange rate, lcu per usd, period average recorded in Iceland?
- The lowest recorded value was 41.03 in 1987.
- How does Iceland rank for official exchange rate, lcu per usd, period average?
- Iceland ranks 71st out of 195 countries with data for 2026.
- Is official exchange rate, lcu per usd, 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 Official exchange rate, LCU per USD, period average. Statizoid updates them automatically from the source API.
Download this data
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About this data
Official exchange rate refers to the exchange rate determined by national authorities or to the rate determined in the legally sanctioned exchange market. It is calculated as an annual average based on monthly averages (local currency units relative to the U.S. dollar).