The Icelandic króna is12 percent stronger now than at the beginning of the year, and has not been as strong against foreign currencies in two and a half years. Imports are cheaper and inflation is around three percent, the lowest level in two years.
Photo: Páll Kjartansson/Iceland Review.
One factor in the appreciation of the króna is that the Central Bank has been selling the euro on the foreign exchange market to support the exchange rate, visir.is reports.
The exchange rates on January 1 and now are as follows:
1 USD: ISK 128.7, now 117.4
1 GBP: ISK 208.1, now 178.8
1 EUR: ISK 169.8, now 152.4
1 JPY: ISK 1.49, now 1.19
1 SEK: ISK 19.7, now 17.7