Foreign exchange reserves, billion currency units in Iceland, August, 2020
For that indicator, we provide data for Iceland from October 2000 to August 2020. The average value for Iceland during that period was 429.95 billion Icelandic Krona with a minimum of 34.21 billion Icelandic Krona in July 2001 and a maximum of 1110.31 billion Icelandic Krona in November 2011.
Click on the following link to see the values of Foreign exchange reserves, billion currency units
around the world.
* indicates monthly or quarterly data series
Measure: billion Icelandic Krona
Source: Central Bank of Iceland
Definition: Foreign exchange reserves consist of foreign currency, deposits denominated in foreign
currency, Monetary Gold, Special Drawing Rights (SDRs) and Reserve position in the
International Monetary Fund (IMF). Foreign exchange reserves are held by monetary authorities
to finance trade imbalances, check the impact of foreign exchange fluctuations and address
other issues under the purview of the central bank.