Iceland: USD exchange rate

The currency chart for Iceland shows historical data for the Icelandic Kronas 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 Icelandic Kronas per USD. Depreciation implies that goods from Iceland become cheaper to export and it becomes cheaper for foreigners to visit Iceland.

The series for Iceland are available from March 2004 to February 2025. For that period, the average exchange rate for Iceland was 112.4417 Icelandic Kronas per USD with a minimum of 60.0546 Icelandic Kronas per USD in March 2005 and a maximum of 223.1913 Icelandic Kronas per USD in October 2008. The most recent available data point is 140.5528 Icelandic Kronas per USD, a change of 0.22% from the previous data point of 140.2478 Icelandic Kronas per USD and a change of 2.12% from a year ago when the level was 137.6363 Icelandic Kronas per USD.

Currency values in Iceland 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.