Official exchange rate in Faroe Islands
Faroe Islands: Official exchange rate was 6.62 LCU per US$, period average in 2025. ▼ Falling
Official exchange rate in Faroe Islands, 1960–2025
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in LCU per US$, period average.
Analysis
In 2025, official exchange rate in Faroe Islands stood at 6.62 LCU per US$, period average.
The figure is down 4.0% on the previous year and down 1.6% over ten years.
Over the whole period, official exchange rate in Faroe Islands peaked at 10.6 LCU per US$, period average in 1985 and was at its lowest, 5.1 LCU per US$, period average, in 2008.
That places Faroe Islands 119th out of 214 countries with data for 2025, putting it in the middle of the range.
The long-run direction has been consistently falling across the 66 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 7.03 LCU per US$, period average | 6.91 LCU per US$, period average | 7.5 LCU per US$, period average | 10 |
| 1970s | 6.26 LCU per US$, period average | 5.26 LCU per US$, period average | 7.5 LCU per US$, period average | 10 |
| 1980s | 8.02 LCU per US$, period average | 5.64 LCU per US$, period average | 10.6 LCU per US$, period average | 10 |
| 1990s | 6.31 LCU per US$, period average | 5.6 LCU per US$, period average | 6.98 LCU per US$, period average | 10 |
| 2000s | 6.47 LCU per US$, period average | 5.1 LCU per US$, period average | 8.32 LCU per US$, period average | 10 |
| 2010s | 6.11 LCU per US$, period average | 5.37 LCU per US$, period average | 6.73 LCU per US$, period average | 10 |
| 2020s | 6.72 LCU per US$, period average | 6.29 LCU per US$, period average | 7.08 LCU per US$, period average | 6 |
Countries ranked near Faroe Islands
- 116 China 7.19 LCU per US$, period average compare
- 117 Bolivia 6.91 LCU per US$, period average compare
- 118 Trinidad and Tobago 6.75 LCU per US$, period average compare
- 119 Denmark 6.62 LCU per US$, period average compare
- 119 Greenland 6.62 LCU per US$, period average compare
- 122 Brazil 5.59 LCU per US$, period average compare
More financial sector data for Faroe Islands
- Net migration 386 (2025)
- GDP deflator: linked series 135.45 base year varies by country (2024)
- Inflation, GDP deflator: linked series 2.0% (2024)
- International migrant stock 14.6% (2024)
- International migrant stock, total 8,101 (2024)
Frequently asked questions
- What is official exchange rate in Faroe Islands?
- Official exchange rate in Faroe Islands was 6.62 LCU per US$, period average in 2025, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest official exchange rate recorded in Faroe Islands?
- The highest recorded value was 10.6 LCU per US$, period average in 1985.
- What is the lowest official exchange rate recorded in Faroe Islands?
- The lowest recorded value was 5.1 LCU per US$, period average in 2008.
- How does Faroe Islands rank for official exchange rate?
- Faroe Islands ranks 119th out of 214 countries with data for 2025.
- Is official exchange rate rising or falling in Faroe Islands?
- Over the last ten years it is down 1.6%. The long-run trend across the full record is falling.
- Where does this Faroe Islands data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Official exchange rate (LCU per US$, period average). Statizoid updates them automatically from the source API.
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About this data
Official exchange rate refers to the exchange rate determined by national authorities or to the rate determined in the legally sanctioned exchange market. This indicator represents the ratio of Local Currency Units relative to United States dollars.This indicator is derived as an average over the reference period.