Icelandic Krona

The Icelandic Krona decreased to 112.05 in April from 112.85 in March of 2014. Icelandic Krona averaged 85.01 from 1992 until 2014, reaching an all time high of 227.23 in May of 2010 and a record low of 58.17 in November of 2007. The USDISK spot exchange rate specifies how much one currency, the USD, is currently worth in terms of the other, the ISK. While the USDISK spot exchange rate is quoted and exchanged in the same day, the USDISK forward rate is quoted today but for delivery and payment on a specific future date. This page provides - Icelandic Krona - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-21

Actual Previous Highest Lowest Forecast Dates Unit Frequency
112.05 112.85 227.23 58.17 114.97 | 2014/05 1992 - 2014 Daily

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Icelandic Krona
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Markets Last Previous Highest Lowest Forecast Unit
Government Bond 10y 6.77 2014-04-18 6.76 15.01 4.46 6.75 2014-05-31 Percent [+]
Stock Market 824.83 2014-04-30 853.70 8174.28 314.93 832.93 2014-05-31 Index points [+]
Currency 112.05 2014-04-21 112.85 227.23 58.17 114.97 2014-05-31 [+]
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Currency | Notes
An exchange rate is the current market price for which one currency can be exchanged for another. For instance, if the Euro exchange rate for the United States Dollar stands at 1.3, this means that 1 euro can be exchanged for 1.3 U.S. dollars. Because exchange rates play such an important role in a country's competiveness level, currency exchange rates are among the most analysed and forecasted indicators in the world. The exchange rate is determined by the level of supply and demand on the international markets. However, changes in foreign exchange market rates are often difficult to understand and to predict because the market is very large and volatile. In fact, the currency markets are the most liquid in the world with a daily turnover of close to $2 trillion, which compares to $500 billion for the US government bond market and $70 billion on the New York Stock Exchange.


RELATED NEWS

Iceland Government Budget Value at 16262.00 ISK Million  
Iceland recorded a government budget surplus of 16262 ISK Million in February of 2014. Government Budget Value in Iceland is reported by the Central Bank Of Iceland.
Iceland Government Spending at 69607.00 ISK Million  
Government Spending in Iceland increased to 69607 ISK Million in the fourth quarter of 2013 from 66259 ISK Million in the third quarter of 2013. Government Spending in Iceland is reported by the Statistics Iceland.
Iceland Gross Fixed Capital Formation at 33084.00 ISK Million  
Gross Fixed Capital Formation in Iceland increased to 33084 ISK Million in the fourth quarter of 2013 from 31504 ISK Million in the third quarter of 2013. Gross Fixed Capital Formation in Iceland is reported by the Statistics Iceland.
Iceland Gross National Income at 999053.00 ISK Million  
Gross National Product in Iceland increased to 999053 ISK Million in 2013 from 900218 ISK Million in 2012. Gross National Product in Iceland is reported by the Statistics Iceland.
Iceland Harmonised Consumer Prices at 176.70 Index Points  
Harmonised Consumer Prices in Iceland increased to 176.70 Index Points in February of 2014 from 174.50 Index Points in January of 2014. Harmonised Consumer Prices in Iceland is reported by the Eurostat.
Iceland House Price Index at 273.70 Index Points  
Housing Index in Iceland increased to 273.70 Index Points in March of 2014 from 272 Index Points in February of 2014. Housing Index in Iceland is reported by the Statistics Iceland.
Iceland Import Prices at 250.04 Index Points  
Import Prices in Iceland decreased to 250.04 Index Points in 2013 from 252.65 Index Points in 2012. Import Prices in Iceland is reported by the Icelandic Ministry of Finance.
Iceland Job Vacancies at 223.00  
Job Vacancies in Iceland increased to 223 in February of 2014 from 150 in January of 2014. Job Vacancies in Iceland is reported by the Directorate of Labour, Iceland.
Iceland Producer Prices at 195.30 Index Points  
Producer Prices in Iceland decreased to 195.30 Index Points in February of 2014 from 195.50 Index Points in January of 2014. Producer Prices in Iceland is reported by the Statistics Iceland.
Iceland Unemployed Persons at 7213.00  
The number of unemployed persons in Iceland increased to 7213 in February of 2014 from 7190 in January of 2014. Unemployed Persons in Iceland is reported by the Directorate of Labour, Iceland.
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LATEST NEWS

Japanese Trade Deficit Widens in March  
Japan’s trade gap increased to a wider-than-expected ¥ 1446.3 billion in March of 2014, up from a revised ¥ 802.5 billion deficit in the previous month and a ¥ 356.9 billion gap a year earlier, as energy imports continued to rise.
Chile Leaves Monetary Policy Unchanged  
At its April 17th, 2014 meeting, Central Bank of Chile left the benchmark interest rate on hold at 4 percent, following last month's cut, citing low output and demand, but hinted possible future rate cuts, depending on domestic and external conditions.
Russia Unemployment Drops in March  
Russian jobless rate fell for the first time in four months to 5.4 percent, after remaining stable at 5.6 percent in the previous two months.
Canada Inflation Rises Above Forecasts in March  
The annual consumer prices in Canada accelerated to 1.5 percent in March of 2014 following a 1.1 increase in the previous month, as energy prices surged.
US Jobless Claims Rise Slightly  
In the week ending April 12, the advance figure for seasonally adjusted initial claims was 304,000, an increase of 2,000 from the previous week's revised level. The previous week's level was revised up by 2,000 from 300,000 to 302,000. There were no special factors impacting this week's initial claims.
Brazil Unemployment Rate Down to 5%  
In March of 2014, Brazil’s jobless rate fell by 0.1 percentage point to 5 percent, below market forecasts. A year earlier, unemployment reached 5.7 percent.
Dutch Unemployment Rate Falls for the First Time in 2014  
In March of 2014, Netherlands’ seasonally adjusted jobless rate fell to 8.7 percent from 8.8 percent in the previous month and 8.1 percent a year earlier, as more people left permanently the labor market rather than found jobs.
Singaporean Trade Surplus Narrows Sharply in March  
The trade surplus decreased 51.1 percent in March of 2014 over a year earlier and 47.2 percent from February to SGD 2.3 billion. Imports rose at a faster pace than exports, as sales of pharmaceuticals and electronics fell, while shipments of petrochemicals and re-exports contributed to overall increase.
Mozambique Leaves Lending Rate Steady at 8.25%  
At its April 16th, 2014 meeting, Bank of Mozambique left its benchmark interest rate unchanged at 8.25 percent for the sixth consecutive meeting, saying this was consistent with meeting domestic economic targets for 2014.
Spanish Trade Deficit Narrows to 4-Month Low  
In February of 2014, Spanish trade gap decreased to € 1.62 billion, down from € 2.82 billion in the previous month. Compared with the same month a year earlier, the trade deficit widened 37 percent.
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