Official exchange rate in Iceland
Iceland: Official exchange rate was 128.44 LCU per US$, period average in 2025. ◆ Volatile
Official exchange rate in Iceland, 1960–2025
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in LCU per US$, period average.
Analysis
Iceland recorded 128.44 LCU per US$, period average for official exchange rate in 2025.
The figure is down 6.9% on the previous year and down 2.6% over ten years.
Over the whole period, official exchange rate in Iceland peaked at 137.96 LCU per US$, period average in 2024 and was at its lowest, 0.3619 LCU per US$, period average, in 1960.
Iceland ranks 62nd of 214 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 0.4856 LCU per US$, period average | 0.3619 LCU per US$, period average | 0.88 LCU per US$, period average | 10 |
| 1970s | 1.61 LCU per US$, period average | 0.88 LCU per US$, period average | 3.53 LCU per US$, period average | 10 |
| 1980s | 30.23 LCU per US$, period average | 4.8 LCU per US$, period average | 57.04 LCU per US$, period average | 10 |
| 1990s | 65.78 LCU per US$, period average | 57.55 LCU per US$, period average | 72.34 LCU per US$, period average | 10 |
| 2000s | 82.34 LCU per US$, period average | 62.98 LCU per US$, period average | 123.64 LCU per US$, period average | 10 |
| 2010s | 119.27 LCU per US$, period average | 106.84 LCU per US$, period average | 131.92 LCU per US$, period average | 10 |
| 2020s | 133.67 LCU per US$, period average | 126.99 LCU per US$, period average | 137.96 LCU per US$, period average | 6 |
Countries ranked near Iceland
- 59 Algeria 131.61 LCU per US$, period average compare
- 60 Haiti 130.63 LCU per US$, period average compare
- 61 Kenya 129.3 LCU per US$, period average compare
- 63 Bangladesh 121.92 LCU per US$, period average compare
- 64 Vanuatu 119.17 LCU per US$, period average compare
- 65 French Polynesia 105.86 LCU per US$, period average compare
- 65 New Caledonia 105.86 LCU per US$, period average compare
More financial sector data for Iceland
- Net migration 2,709 (2025)
- Total reserves in months of imports 5.32 (2025)
- Net domestic credit 4.57 trillion current LCU (2025)
- Domestic credit to private sector by banks 89.2% (2025)
- Broad money 67.4% (2024)
- Net foreign assets 397.39 billion current LCU (2025)
- Monetary Sector credit to private sector 89.2% (2025)
- Domestic credit to private sector 89.2% (2025)
- Claims on central government, etc. -3.9% (2025)
- Claims on central government -2.3% (2025)
Frequently asked questions
- What is official exchange rate in Iceland?
- Official exchange rate in Iceland was 128.44 LCU per US$, period average in 2025, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest official exchange rate recorded in Iceland?
- The highest recorded value was 137.96 LCU per US$, period average in 2024.
- What is the lowest official exchange rate recorded in Iceland?
- The lowest recorded value was 0.3619 LCU per US$, period average in 1960.
- How does Iceland rank for official exchange rate?
- Iceland ranks 62nd out of 214 countries with data for 2025.
- Is official exchange rate rising or falling in Iceland?
- Over the last ten years it is down 2.6%. The long-run trend across the full record is volatile.
- Where does this Iceland 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.