Average FX rate to USD fell 8.26% yoy to 128 per USD in Iceland in 2Q2025, according to the National Statistical Office. This is 7.76% less than in the previous quarter.
Historically, Average FX rate to USD in Iceland reached an all time high of 144 per USD in 4Q2022 and an all time low of 0.163 per USD in 1Q1957. When compared to Iceland's main peers, Average FX rate to USD in Denmark amounted to 6.58 per USD, 10.3 per USD in Norway, 9.67 per USD in Sweden and 0.749 per USD in United Kingdom in 2Q2025.
Iceland has been ranked 37th within the group of 129 countries we follow in terms of Average FX rate to USD, 11 places above the position seen 10 years ago.
| FX Rate to USD (Average) | Unit | Jun 2020 | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 |
| Belgium | per USD | 0.930 | 0.921 | 0.929 | 0.910 | 0.936 | ||||||||||||||||
| Denmark | per USD | 6.93 | 6.87 | 6.93 | 6.79 | 6.99 | ||||||||||||||||
| Finland | per USD | 0.930 | 0.921 | 0.929 | 0.910 | 0.936 | ||||||||||||||||
| France | per USD | 0.930 | 0.921 | 0.929 | 0.910 | 0.936 | ||||||||||||||||
| Germany | per USD | 0.930 | 0.921 | 0.929 | 0.910 | 0.936 | ||||||||||||||||
| Iceland | per USD | 139 | 137 | 139 | 138 | 138 | ||||||||||||||||
| Ireland | per USD | 0.930 | 0.921 | 0.929 | 0.910 | 0.936 | ||||||||||||||||
| Netherlands | per USD | 0.930 | 0.921 | 0.929 | 0.910 | 0.936 | ||||||||||||||||
| Norway | per USD | 10.8 | 10.5 | 10.7 | 10.7 | 11.0 | ||||||||||||||||
| Russia | per USD | 92.8 | 90.8 | 90.6 | ... | ... | ... | ... | ||||||||||||||
| Sweden | per USD | 10.7 | 10.4 | 10.7 | 10.4 | 10.8 | ||||||||||||||||
| United Kingdom | per USD | 0.807 | 0.789 | 0.792 | 0.769 | 0.779 |
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