Faroe Islands: USD exchange rate

The currency chart for the Faroe Islands shows historical data for the Danish Krones per USD exchange rate. These are monthly averages and not end-of-month currency values. An increase means depreciation against the USD as one can exchange more Danish Krones per USD. Depreciation implies that goods from the Faroe Islands become cheaper to export and it becomes cheaper for foreigners to visit the Faroe Islands.

The series for the Faroe Islands are available from January 2000 to August 2024. For that period, the average exchange rate for the Faroe Islands was 6.3699 Danish Krones per USD with a minimum of 4.7319 Danish Krones per USD in July 2008 and a maximum of 8.73 Danish Krones per USD in June 2001. The most recent available data point is 6.7698 Danish Krones per USD, a change of -1.55% from the previous data point of 6.8765 Danish Krones per USD and a change of -0.92% from a year ago when the level was 6.8325 Danish Krones per USD.

Currency values in the Faroe Islands and elsewhere have different driving forces over the short-run and the long-run. Countries may have fixed or floating exchange rate regimes or be part of monetary unions. They may experience currency crises. These and other issues are discussed in detail on our Exchange rate page.