This is published 9 March Icelandic time and not at hrs. The Central Bank wishes to emphasise that currency exchange rates are published solely for information purposes and in satisfaction of legal requirements. From 1 April onwards, the Bank will publish only the mid-rate of all currencies included in its listing, and this mid-rate will be the official reference exchange rate. Publication of the buying and selling rates will be discontinued.
This is consistent with the practice of central banks in comparison countries. The above-specified reference exchange rates are not intended for direct use in market transactions or in business transactions with financial institutions. They are indicative rates published solely for information purposes and to comply with statutory requirements. Article 19 of the Act on the Central Bank of Iceland, and fixes the official exchange rate index at the same time.
This is done between hrs. The foreign exchange reference rates of the ECB are available here. Exchange rates of other currencies can be found on a number of websites, including oanda. The Central Bank of Iceland cannot be held liable for information found on such websites or for use of such information; furthermore, the Bank wishes to remind the reader of the general disclaimer concerning the reliability of data on the internet, which can be found on the Copyright and disclaimer page on this website.
Information on currency exchange rates is also available in XML format. The most recent weights are based on trade in the period, with as the indices' base year. Nominal EERs are calculated as geometric weighted averages of bilateral exchange rates. Real EERs are the same weighted averages of bilateral exchange rates adjusted by relative consumer prices.
The weighting pattern is time-varying see broad and narrow weights. The EER indices are available as monthly averages. An increase in the index indicates an appreciation. Broad indices comprise 60 economies. Narrow indices comprise 26 and 27 economies for the nominal and real indices, respectively. These statistics are collected every three years during the month of April and reported on an unconsolidated basis, by the sales desks of reporting dealers.
About BIS The BIS's mission is to support central banks' pursuit of monetary and financial stability through international cooperation, and to act as a bank for central banks. Read more about the BIS. Innovation at BIS Fintech refers to technology-enabled innovation in financial services. This technological sea change is transforming the financial sector and the wider economy, affecting all aspects of our work - from payments to monetary policy to financial regulation.
Learn more about Innovation and fintech. Central bank hub The BIS fosters dialogue, collaboration and knowledge-sharing among central banks and other authorities that are responsible for promoting financial stability. Read more about our central bank hub. Statistics BIS statistics on the international financial system shed light on issues related to global financial stability.
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US dollar (USD). ECB euro reference exchange rate. 26 May EUR 1 = USD These rates reflect the average buying and selling rates of the major participants in the foreign exchange market at the open of trade every day. Timeseries with the Euro foreign exchange reference rates of the European Central Bank to the US dollar.