Arctic Region > Iceland > Currency
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Currency
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kr�na |
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ISO code
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ISK 352 |
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DEFINITION: ISO is the International Standards Organisation ISO has specified 3 letter codes for most, if not all currencies in the world. Although the standard can be purchased from ISO's web site, the codes are often published by data vendors and in market literature. |
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SOURCE: Pacific Exchange Rate Services |
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Official exchange rate > LCU per US$, period average
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70.19 |
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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). |
View time series
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SOURCE: Pacific Exchange Rate Services |
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PPP conversion factor to official exchange rate ratio
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1.46
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[2nd of 169]
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DEFINITION: Purchasing power parity conversion factor is the number of units of a country's currency required to buy the same amount of goods and services in the domestic market as a U.S. dollar would buy in the United States. 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). The ratio of the PPP conversion factor to the official exchange rate (also referred to as the national price level) makes it possible to compare the cost of the bundle of goods that make up gross domestic product (GDP) across countries. It tells how many dollars are needed to buy a dollar's worth of goods in the country as compared to the United States. |
View time series
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SOURCE: World Development Indicators database |
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Real effective exchange rate index
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114.58 %
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[21st of 96]
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DEFINITION: Real effective exchange rate is the nominal effective exchange rate (a measure of the value of a currency against a weighted average of several foreign currencies) divided by a price deflator or index of costs.
2000 = 100 |
View time series
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SOURCE: World Development Indicators database |
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Regime
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composite |
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SOURCE: World Development Indicators database |
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Subdivision
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100 |
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[114th of 192]
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DEFINITION: The unit, and the number of those units, into which a nation's primary official unit of currency is most commonly divided. |
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SOURCE: Pacific Exchange Rate Services |
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Symbol
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IKr |
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SOURCE: Pacific Exchange Rate Services |
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