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Iceland - Real Effective Exchange Rate 2026

Real effective exchange rate index · BIS

122.06 +1.23 from 2025 Global rank: 57th

Iceland's real effective exchange rate was 122.06 in 2026, increased +1.23 from 120.83 in 2025. This was the 57th highest globally.

Global Ranking - 2026▾

Real Effective Exchange Rate by Country - 2026
Rank	Country	Value	YoY
1st	Japan	63.91	-11.4%
2nd	Korea	84.72	-5.9%
3rd	China	89.85	1.7%
4th	India	90.65	-6.5%
5th	Indonesia	92.06	-3.4%
6th	Hong Kong SAR, China	92.62	-5.9%
7th	Canada	94.11	-2.7%
8th	France	95.64	-1.0%
9th	Norway	95.83	0.9%
10th	Luxembourg	96.82	-1.2%
11th	Philippines	97.47	-2.9%
12th	Denmark	97.59	0.6%
13th	Morocco	98.14	-2.0%
14th	New Zealand	98.19	-4.1%
15th	Cyprus	98.33	-1.2%
16th	Portugal	98.48	-0.5%
17th	United Arab Emirates	98.80	-1.8%
18th	Finland	99.05	0.3%
19th	Italy	99.95	0.5%
20th	Saudi Arabia	100.08	-1.5%
21st	Thailand	100.98	2.9%
22nd	Slovenia	101.43	-0.5%
23rd	Malta	101.52	1.3%
24th	Greece	101.83	0.9%
25th	Sweden	101.87	3.5%
26th	Ireland	102.05	-0.2%
27th	Switzerland	102.64	-0.2%
28th	United States	102.74	-6.7%
29th	Germany	102.99	1.3%
30th	Spain	103.24	0.9%
31st	Türkiye	103.63	1.9%
32nd	Netherlands	104.86	-0.4%
33rd	Belgium	105.00	2.2%
34th	Croatia	106.26	0.6%
35th	Malaysia	106.47	4.8%
36th	Australia	107.04	1.0%
37th	Chile	107.16	5.5%
38th	Bosnia and Herzegovina	108.46	2.3%
39th	Austria	108.82	3.1%
40th	Israel	108.83	7.6%
41st	Latvia	108.88	-0.1%
42nd	Brazil	109.71	3.3%
43rd	Peru	110.32	2.9%
44th	United Kingdom	110.63	-1.1%
45th	Algeria	111.36	-1.9%
46th	South Africa	112.14	7.8%
47th	Slovak Republic	112.72	1.5%
48th	Singapore	113.84	-1.6%
49th	North Macedonia	114.45	1.6%
50th	Lithuania	114.90	1.2%
51st	Hungary	115.03	4.0%
52nd	Bulgaria	116.21	2.6%
53rd	Serbia	116.68	0.3%
54th	Romania	121.31	3.6%
55th	Estonia	121.71	0.5%
56th	Colombia	121.75	8.2%
57th	Iceland	122.06	1.0%
58th	Russian Federation	123.99	7.3%
59th	Argentina	126.81	-6.0%
60th	Czechia	127.14	2.8%
61st	Poland	128.80	1.8%
62nd	Mexico	133.55	6.3%

FAQ

What was Iceland's real effective exchange rate in 2026?▾

Iceland's real effective exchange rate in 2026 was 122.06. This ranked 57th globally.

How did Iceland's real effective exchange rate change in 2026?▾

Iceland's real effective exchange rate increased by 1.0% in 2026 compared to 2025.

Which country had the highest real effective exchange rate in 2026?▾

Mexico had the highest real effective exchange rate in 2026 at 133.55.

What is the real effective exchange rate of Iceland in 2026?▾

The real effective exchange rate of Iceland in 2026 was 122.06. This ranked 57th globally.

How does 2026 compare to 2025 for Iceland's real effective exchange rate?▾

Iceland's real effective exchange rate went from 120.83 in 2025 to 122.06 in 2026, a 1.0% increase.

← 2025