Faroe Islands Exchange Rate
Official exchange rate (LCU per US$, period average) PA.NUS.FCRF
Faroe Islands's exchange rate was 7.13 in 2025, ranked 111th globally. This represents a 3.4% increase from 2024. Data from World Bank, covering 1960–2025.
Overview
Faroe Islands's exchange rate stood at 7.13 in 2025, a rise of +0.24 from 2024. Based on recent trends, this figure is projected to reach 7.13 by 2025. Faroe Islands ranked 111th globally.
The Faroe Islands’ exchange rate has hovered around 7.13 units per US dollar in 2025, placing it at rank 111 globally and matching the contemporaneous rates of Denmark and Greenland, its nearest peers. Historically, the currency reached its all‑time high of 10.60 in 1985, a period marked by strong export demand and limited monetary integration with Denmark, before descending to a trough of 5.10 in 2008 amid the global financial crisis and a sharp contraction in tourism revenues. Over the 66‑year coverage span, the rate has moved modestly from an early‑record level of 6.91 in 1960, suggesting a relatively stable trajectory compared with more volatile economies such as Bolivia (6.91) and China (7.24). The persistence of fiscal discipline and the gradual deepening of financial links with Denmark are likely to keep the exchange rate clustered near the current 7.13 mark, unless external shocks or major policy shifts alter the monetary environment.
Data & projection
| Year | Exchange Rate | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 7.39 | - | - |
| 2026* trend | 7.26 | - | - |
| 2025* trend | 7.13 | - | - |
| 2025 | 7.13 | +0.24 | #111 |
| 2024 | 6.89 | +0.00 | #94 |
| 2023 | 6.89 | −0.19 | #94 |
| 2022 | 7.08 | +0.79 | #95 |
| 2021 | 6.29 | −0.26 | #93 |
| 2020 | 6.54 | −0.13 | #92 |
| 2019 | 6.67 | +0.35 | #94 |
| 2018 | 6.31 | −0.29 | #94 |
| 2017 | 6.60 | −0.13 | #93 |
| 2016 | 6.73 | +0.00 | #98 |
| 2015 | 6.73 | +1.12 | #100 |
| 2014 | 5.61 | −0.00 | #97 |
| 2013 | 5.62 | −0.18 | #101 |
| 2012 | 5.79 | +0.42 | #100 |
| 2011 | 5.37 | −0.26 | #101 |
Analysis
Faroe Islands's exchange rate was 7.13 in 2025, a rise of +0.24 from 2024. Based on trends, estimated 7.13 by 2025.
Frequently Asked Questions
Faroe Islands's exchange rate was 7.13 in 2025. Ranked 111th globally. This represents a 3.4% increase from the previous year.
Faroe Islands's exchange rate peaked at 10.60 in 1985.
The lowest exchange rate in Faroe Islands was 5.10 in 2008.
Faroe Islands ranks 111th globally in exchange rate as of 2025.
The World Bank indicator code is PA.NUS.FCRF. Data sourced from World Bank.
Faroe Islands's exchange rate is projected to reach 7.13 by 2025 based on trend extrapolation.
The exchange rate of Faroe Islands in 2025 was 7.13. This ranks 111th in the world.
Cite this page
@misc{historysaid_faroe-islands_exchange-rate,
title = {Faroe Islands Exchange Rate},
url = {https://historysaid.com/faroe-islands/exchange-rate/},
publisher = {HistorySaid},
year = {2026}
}