Faroe Islands vs Greenland: Official exchange rate
Official exchange rate over time
- Faroe Islands
- Greenland
How they compare
Faroe Islands currently reports 6.62 LCU per US$, period average against 6.62 LCU per US$, period average in Greenland, a difference of 0 LCU per US$, period average.
The two have swapped places 2 times across 66 shared years of data; in 1960 it was Greenland ahead.
Faroe Islands ranks 119th and Greenland ranks 119th of 213 countries.
Across the 7 decades both report, Faroe Islands averaged higher in 1 and Greenland in 1.
Head to head by decade
| Decade | Faroe Islands | Greenland | Difference | Ahead |
|---|---|---|---|---|
| 1960s | 7.03 LCU per US$, period average | 7.04 LCU per US$, period average | 0.0049 LCU per US$, period average | Greenland |
| 1970s | 6.26 LCU per US$, period average | 6.26 LCU per US$, period average | 0.0009 LCU per US$, period average | Faroe Islands |
| 1980s | 8.02 LCU per US$, period average | 8.02 LCU per US$, period average | 0 LCU per US$, period average | — |
| 1990s | 6.31 LCU per US$, period average | 6.31 LCU per US$, period average | 0 LCU per US$, period average | — |
| 2000s | 6.47 LCU per US$, period average | 6.47 LCU per US$, period average | 0 LCU per US$, period average | — |
| 2010s | 6.11 LCU per US$, period average | 6.11 LCU per US$, period average | 0 LCU per US$, period average | — |
| 2020s | 6.72 LCU per US$, period average | 6.72 LCU per US$, period average | 0 LCU per US$, period average | — |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher official exchange rate, Faroe Islands or Greenland?
- Faroe Islands, at 6.62 LCU per US$, period average against 6.62 LCU per US$, period average in Greenland as of 2025.
- What is the difference in official exchange rate between Faroe Islands and Greenland?
- 0 LCU per US$, period average, with Faroe Islands ahead.
- How many years of comparable data are there for Faroe Islands and Greenland?
- 66 years are reported by both, from 1960 to 2025.
- How do Faroe Islands and Greenland rank globally for official exchange rate?
- Faroe Islands ranks 119th and Greenland ranks 119th of 213 countries.
- Where does this data come from?
- International Financial Statistics database, International Monetary Fund (IMF), published as Official exchange rate (LCU per US$, period average). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
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.