(measure: local currency units per dollar; Source: The International Monetary Fund)
* indicates monthly or quarterly data series
Faroe Islands: Exchange rate: local currency units per U.S. dollar
For that indicator, we provide data for the Faroe Islands from 1960 to 2016. The average value for the Faroe Islands during that period was 6.71 local currency units per dollar with a minimum of 5.1 local currency units per dollar in 2008 and a maximum of 10.6 local currency units per dollar in 1985.
The latest value from 2016 is 6.73 local currency units per dollar. For comparison, the world average in 2016 based on 161
countries is 1003.09 local currency units per dollar.
See the global rankings for that indicator or
use the country comparator to compare trends over time.
Definition: Official exchange rate refers to the exchange rate determined by national authorities or to the rate determined in the legally sanctioned exchange market. It is calculated as an annual average based on monthly averages (local currency units relative to the U.S. dollar).