Real Effective Exchange Rate in Iceland
Iceland: Real Effective Exchange Rate was 139.92 in 2018. ▼ Falling
Real Effective Exchange Rate in Iceland, 2000–2018
Source: World Bank staff calculations based on Datastream and IMF International Finance Statistics data.
Analysis
The most recent figure for real effective exchange rate in Iceland is 139.92, measured in 2018.
The figure is down 2.6% on the previous year and up 16.4% over ten years.
Over the whole period, real effective exchange rate in Iceland peaked at 156.98 in 2005 and was at its lowest, 96.68, in 2009.
Iceland ranks 3rd of 107 countries on this measure, in the top 10%.
The long-run direction has been consistently falling across the 19 years of available data.
Real Effective Exchange Rate in Iceland, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 137.23 | — |
| 2001 | 120.22 | -12.4% |
| 2002 | 127.69 | +6.2% |
| 2003 | 135.94 | +6.5% |
| 2004 | 140.06 | +3.0% |
| 2005 | 156.98 | +12.1% |
| 2006 | 145.74 | -7.2% |
| 2007 | 153.63 | +5.4% |
| 2008 | 120.24 | -21.7% |
| 2009 | 96.68 | -19.6% |
| 2010 | 100 | +3.4% |
| 2011 | 100.92 | +0.9% |
| 2012 | 99.83 | -1.1% |
| 2013 | 104.03 | +4.2% |
| 2014 | 111.19 | +6.9% |
| 2015 | 114.03 | +2.6% |
| 2016 | 128.32 | +12.5% |
| 2017 | 143.67 | +12.0% |
| 2018 | 139.92 | -2.6% |
Iceland compared with similar countries
- Iceland's 139.92 is above the median for high income countries, which is 101.37, 1.4× the median. (50 countries reporting)
- Iceland's 139.92 is above the median for Europe & Central Asia, which is 99.02, 1.4× the median. (34 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 133.44 | 96.68 | 156.98 | 10 |
| 2010s | 115.77 | 99.83 | 143.67 | 9 |
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 real effective exchange rate in Iceland?
- Real effective exchange rate in Iceland was 139.92 in 2018, according to World Bank staff calculations based on Datastream and IMF International Finance Statistics data.
- What is the highest real effective exchange rate recorded in Iceland?
- The highest recorded value was 156.98 in 2005.
- What is the lowest real effective exchange rate recorded in Iceland?
- The lowest recorded value was 96.68 in 2009.
- How does Iceland rank for real effective exchange rate?
- Iceland ranks 3rd out of 107 countries with data for 2018.
- Is real effective exchange rate rising or falling in Iceland?
- Over the last ten years it is up 16.4%. The long-run trend across the full record is falling.
- 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 Real Effective Exchange Rate. Statizoid updates them automatically from the source API.
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CSV · JSON — 19 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Real effective exchange rate is the nominal effective exchange rate (a measure of the value of a currency against a weighted average of several foreign currencies) divided by a price deflator or index of costs.