The Central Bank of Iceland published its 2024 summary of the foreign exchange market, exchange rate developments and international reserves, reporting that the króna appreciated over the year, exchange rate volatility was relatively limited and interbank foreign exchange market turnover fell year on year. During 2024, the Central Bank intervened once in the foreign exchange market to reduce fluctuations in the króna’s exchange rate. International reserves stood at ISK 886 billion at year-end, equivalent to 20% of gross domestic product, unchanged from the previous year.
Central Bank of Iceland 2025-01-20
Central Bank of Iceland reports 2024 króna appreciation, one foreign exchange intervention and reserves steady at ISK 886 billion
The Central Bank of Iceland's 2024 summary reports the króna appreciated with limited exchange rate volatility and a decrease in interbank foreign exchange market turnover. The Bank intervened once to stabilize the króna, and international reserves remained at ISK 886 billion, 20% of GDP.