Average FX rate to USD rose 1.97% to 138 per USD in Iceland in 2023, according to the National Statistical Office.
Historically, Average FX rate to USD in Iceland reached an all time high of 138 per USD in 2023 and an all time low of 0.163 per USD in 1958. When compared to Iceland's main peers, Average FX rate to USD in Denmark amounted to 6.89 per USD, 10.6 per USD in Norway, 10.6 per USD in Sweden and 0.805 per USD in United Kingdom in 2023.
Iceland has been ranked 51st within the group of 143 countries we follow in terms of Average FX rate to USD, 1 place below the position seen 10 years ago.
| FX Rate to USD (Average) | Unit | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
| Belgium | per USD | 0.891 | 0.854 | ... | ... | ... | ... | ... | ||||||||||||||
| Denmark | per USD | 6.60 | 6.31 | 6.67 | 6.54 | 6.29 | ||||||||||||||||
| Finland | per USD | 0.891 | 0.854 | ... | ... | ... | ... | ... | ||||||||||||||
| France | per USD | 0.891 | 0.854 | ... | ... | ... | ... | ... | ||||||||||||||
| Germany | per USD | 0.891 | 0.854 | ... | ... | ... | ... | ... | ||||||||||||||
| Iceland | per USD | 107 | 108 | 123 | 135 | 127 | ||||||||||||||||
| Ireland | per USD | 0.891 | 0.854 | ... | ... | ... | ... | ... | ||||||||||||||
| Netherlands | per USD | 0.891 | 0.854 | ... | ... | ... | ... | ... | ||||||||||||||
| Norway | per USD | 8.27 | 8.13 | 8.80 | 9.42 | 8.59 | ||||||||||||||||
| Russia | per USD | 58.3 | 62.7 | 64.7 | 72.1 | 73.7 | ||||||||||||||||
| Sweden | per USD | 8.55 | 8.69 | 9.46 | 9.21 | 8.58 | ||||||||||||||||
| United Kingdom | per USD | 0.777 | 0.750 | 0.783 | 0.780 | 0.727 |
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