Real exchange rate of the Icelandic krona was 92.5 points in May, an increase of 0,5% compared to preceding month. The real exchange rate index measured by relative consumer prices for May 2024 was 3.6% higher compared to the same month in the year 2023.

Quarterly index of the real exchange rate measured by relative consumer prices was 92.2 points in the first quarter of 2024 (2005=100), which is an increase of 0.9% compared to fourth quarter of 2023.

The real exchange rate measured by relative labor cost was 98.8 points (2005 = 100) in the first quarter of 2024. This is an increase of 3.8% compared to the fourth quarter of 2023.