Iceland Exchange Rate
Official exchange rate (LCU per US$, period average) PA.NUS.FCRF
Iceland's exchange rate was 139.53 in 2025, ranked 57th globally. This represents a 1.1% increase from 2024. Data from World Bank, covering 1960–2025.
Overview
Iceland's exchange rate stood at 139.53 in 2025, a rise of +1.57 from 2024. Based on recent trends, this figure is projected to reach 139.53 by 2025. Iceland ranked 57th globally.
Iceland's exchange rate has experienced a significant fluctuation over the past 66 years, ranging from a low of 0.36 in 1960 to a high of 139.53 in 2025. This remarkable increase indicates a substantial appreciation of the Icelandic króna, with the current value placing it at 57th globally. In comparison, peer countries such as Kenya and Algeria have exchange rates of 147.81 and 139.35, respectively, suggesting that Iceland's currency has maintained a relatively stable position among its regional counterparts. The rapid appreciation of the Icelandic króna can be attributed to various economic factors, including the country's unique resource endowments and its small, open economy. To reverse this trend, Iceland would need to experience a substantial economic downturn or a significant shift in global economic conditions, such as a sharp decline in commodity prices or a shift in investor sentiment towards riskier assets.
Data & projection
| Year | Exchange Rate | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 142.73 | - | - |
| 2026* trend | 141.13 | - | - |
| 2025* trend | 139.53 | - | - |
| 2025 | 139.53 | +1.57 | #57 |
| 2024 | 137.96 | +0.02 | #150 |
| 2023 | 137.94 | +2.66 | #149 |
| 2022 | 135.28 | +8.29 | #152 |
| 2021 | 126.99 | −8.43 | #153 |
| 2020 | 135.42 | +12.81 | #155 |
| 2019 | 122.61 | +14.31 | #154 |
| 2018 | 108.30 | +1.46 | #150 |
| 2017 | 106.84 | −13.97 | #150 |
| 2016 | 120.81 | −11.11 | #156 |
| 2015 | 131.92 | +15.15 | #159 |
| 2014 | 116.77 | −5.41 | #159 |
| 2013 | 122.18 | −2.90 | #160 |
| 2012 | 125.08 | +9.13 | #160 |
| 2011 | 115.95 | −6.29 | #162 |
Detected Pattern
Analysis
Iceland matched the Export Boom Cycle pattern in 2016. Historically, 71% of countries showing this pattern (546 out of 768) saw exchange rate improve within 24 months. View full analysis →
Frequently Asked Questions
Iceland's exchange rate was 139.53 in 2025. Ranked 57th globally. This represents a 1.1% increase from the previous year.
Iceland's exchange rate peaked at 139.53 in 2025.
The lowest exchange rate in Iceland was 0.36 in 1960.
Iceland ranks 57th globally in exchange rate as of 2025.
The World Bank indicator code is PA.NUS.FCRF. Data sourced from World Bank.
Iceland's exchange rate is projected to reach 139.53 by 2025 based on trend extrapolation.
The exchange rate of Iceland in 2025 was 139.53. This ranks 57th in the world.
Cite this page
@misc{historysaid_iceland_exchange-rate,
title = {Iceland Exchange Rate},
url = {https://historysaid.com/iceland/exchange-rate/},
publisher = {HistorySaid},
year = {2026}
}