Official exchange rate in Iceland
Iceland: Official exchange rate was 128.44 LCU per US$, period average in 2025. ◆ Volatile
Latest (2025)
128.44 LCU per US$, period average
Change on year
down 6.9%
World rank
62nd
of 215 countries
All-time high
137.96 LCU per US$, period average
in 2024
All-time low
0.3619 LCU per US$, period average
in 1960
Years of data
66
1960–2025
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 215 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.
Official exchange rate in Iceland, year by year
| Year | LCU per US$, period average | Change |
|---|---|---|
| 1960 | 0.3619 LCU per US$, period average | — |
| 1961 | 0.4008 LCU per US$, period average | +10.8% |
| 1962 | 0.43 LCU per US$, period average | +7.3% |
| 1963 | 0.43 LCU per US$, period average | +0.0% |
| 1964 | 0.43 LCU per US$, period average | +0.0% |
| 1965 | 0.43 LCU per US$, period average | +0.0% |
| 1966 | 0.43 LCU per US$, period average | +0.0% |
| 1967 | 0.4417 LCU per US$, period average | +2.7% |
| 1968 | 0.6217 LCU per US$, period average | +40.8% |
| 1969 | 0.88 LCU per US$, period average | +41.6% |
| 1970 | 0.88 LCU per US$, period average | +0.0% |
| 1971 | 0.88 LCU per US$, period average | +0.0% |
| 1972 | 0.8826 LCU per US$, period average | +0.3% |
| 1973 | 0.9013 LCU per US$, period average | +2.1% |
| 1974 | 0.9995 LCU per US$, period average | +10.9% |
| 1975 | 1.54 LCU per US$, period average | +53.8% |
| 1976 | 1.82 LCU per US$, period average | +18.5% |
| 1977 | 1.99 LCU per US$, period average | +9.2% |
| 1978 | 2.71 LCU per US$, period average | +36.3% |
| 1979 | 3.53 LCU per US$, period average | +30.1% |
| 1980 | 4.8 LCU per US$, period average | +36.1% |
| 1981 | 7.22 LCU per US$, period average | +50.6% |
| 1982 | 12.35 LCU per US$, period average | +71.0% |
| 1983 | 24.84 LCU per US$, period average | +101.1% |
| 1984 | 31.69 LCU per US$, period average | +27.6% |
| 1985 | 41.51 LCU per US$, period average | +31.0% |
| 1986 | 41.1 LCU per US$, period average | -1.0% |
| 1987 | 38.68 LCU per US$, period average | -5.9% |
| 1988 | 43.01 LCU per US$, period average | +11.2% |
| 1989 | 57.04 LCU per US$, period average | +32.6% |
| 1990 | 58.28 LCU per US$, period average | +2.2% |
| 1991 | 59 LCU per US$, period average | +1.2% |
| 1992 | 57.55 LCU per US$, period average | -2.5% |
| 1993 | 67.6 LCU per US$, period average | +17.5% |
| 1994 | 69.94 LCU per US$, period average | +3.5% |
| 1995 | 64.69 LCU per US$, period average | -7.5% |
| 1996 | 66.5 LCU per US$, period average | +2.8% |
| 1997 | 70.9 LCU per US$, period average | +6.6% |
| 1998 | 70.96 LCU per US$, period average | +0.1% |
| 1999 | 72.34 LCU per US$, period average | +1.9% |
| 2000 | 78.62 LCU per US$, period average | +8.7% |
| 2001 | 97.42 LCU per US$, period average | +23.9% |
| 2002 | 91.66 LCU per US$, period average | -5.9% |
| 2003 | 76.71 LCU per US$, period average | -16.3% |
| 2004 | 70.19 LCU per US$, period average | -8.5% |
| 2005 | 62.98 LCU per US$, period average | -10.3% |
| 2006 | 70.18 LCU per US$, period average | +11.4% |
| 2007 | 64.06 LCU per US$, period average | -8.7% |
| 2008 | 87.95 LCU per US$, period average | +37.3% |
| 2009 | 123.64 LCU per US$, period average | +40.6% |
| 2010 | 122.24 LCU per US$, period average | -1.1% |
| 2011 | 115.95 LCU per US$, period average | -5.1% |
| 2012 | 125.08 LCU per US$, period average | +7.9% |
| 2013 | 122.18 LCU per US$, period average | -2.3% |
| 2014 | 116.77 LCU per US$, period average | -4.4% |
| 2015 | 131.92 LCU per US$, period average | +13.0% |
| 2016 | 120.81 LCU per US$, period average | -8.4% |
| 2017 | 106.84 LCU per US$, period average | -11.6% |
| 2018 | 108.3 LCU per US$, period average | +1.4% |
| 2019 | 122.61 LCU per US$, period average | +13.2% |
| 2020 | 135.42 LCU per US$, period average | +10.5% |
| 2021 | 126.99 LCU per US$, period average | -6.2% |
| 2022 | 135.28 LCU per US$, period average | +6.5% |
| 2023 | 137.94 LCU per US$, period average | +2.0% |
| 2024 | 137.96 LCU per US$, period average | +0.0% |
| 2025 | 128.44 LCU per US$, period average | -6.9% |
Iceland compared with similar countries
- Iceland's 128.44 LCU per US$, period average is above the median for high income countries, which is 1 LCU per US$, period average, 128.4× the median. (84 countries reporting)
- Iceland's 128.44 LCU per US$, period average is above the median for Europe & Central Asia, which is 0.8871 LCU per US$, period average, 144.8× the median. (57 countries reporting)
Biggest year-on-year movements
Years where Official exchange rate in Iceland changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1983 | +101.1% | 12.35 LCU per US$, period average | 24.84 LCU per US$, period average |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 0.4856 LCU per US$, 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$, period average compare
More financial sector data for Iceland
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0025 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 243.62 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0018 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 177.89 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0025 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 243.62 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (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$, period average in 1960.
- How does Iceland rank for official exchange rate?
- Iceland ranks 62nd out of 215 countries with data for 2025.
- Is official exchange rate rising or falling in Iceland?
- Over the last ten years it is down 2.6%. The long-run trend across the full record is volatile.
- Where does this Iceland data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Official exchange rate (LCU per US$, period average). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 66 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.