Iceland Nieuws

USD/ISK falls 0.8% to 124.6 as Icelandic krona firms

The US dollar declined 0.84% against the Icelandic krona to 124.60, with a modest weekly loss of 0.72%. The krona has held relatively steady over the period, reflecting Iceland's still-elevated interest rates maintained by the central bank. Iceland's krona is a thinly traded currency, so moves can be amplified by smaller flows.