Domestic currency per Euro (End-of-period (EoP)) in Faroe Islands
Faroe Islands: Domestic currency per Euro (End-of-period (EoP)) was 7.42 in 2024. ▬ Flat
Domestic currency per Euro (End-of-period (EoP)) in Faroe Islands, 1999–2024
Source: International Monetary Fund.
Analysis
Faroe Islands recorded 7.42 for domestic currency per euro (end-of-period (eop)) in 2024.
Compared with earlier readings it is down 0.4% on the previous year and down 0.2% over ten years.
Over the whole period, domestic currency per euro (end-of-period (eop)) in Faroe Islands peaked at 7.52 in 2003 and was at its lowest, 7.36, in 2008.
Faroe Islands ranks 125th of 196 countries on this measure, in the middle of the range.
Domestic currency per Euro (End-of-period (EoP)) in Faroe Islands, year by year
| Year | Value | Change |
|---|---|---|
| 1999 | 7.43 | — |
| 2000 | 7.46 | +0.4% |
| 2001 | 7.41 | -0.7% |
| 2002 | 7.43 | +0.2% |
| 2003 | 7.52 | +1.3% |
| 2004 | 7.45 | -1.0% |
| 2005 | 7.46 | +0.2% |
| 2006 | 7.46 | -0.1% |
| 2007 | 7.47 | +0.2% |
| 2008 | 7.36 | -1.6% |
| 2009 | 7.48 | +1.7% |
| 2010 | 7.5 | +0.3% |
| 2011 | 7.43 | -0.9% |
| 2012 | 7.47 | +0.4% |
| 2013 | 7.46 | -0.0% |
| 2014 | 7.43 | -0.4% |
| 2015 | 7.44 | +0.1% |
| 2016 | 7.43 | -0.0% |
| 2017 | 7.44 | +0.1% |
| 2018 | 7.46 | +0.3% |
| 2019 | 7.5 | +0.5% |
| 2020 | 7.43 | -0.9% |
| 2021 | 7.43 | -0.0% |
| 2022 | 7.44 | +0.1% |
| 2023 | 7.45 | +0.2% |
| 2024 | 7.42 | -0.4% |
Faroe Islands compared with similar countries
- Faroe Islands's 7.42 is above the median for high income countries, which is 3.31, 2.2× the median. (64 countries reporting)
- Faroe Islands's 7.42 is below the median for Europe & Central Asia, which is 7.5, 99% of the median. (42 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 7.43 | 7.43 | 7.43 | 1 |
| 2000s | 7.45 | 7.36 | 7.52 | 10 |
| 2010s | 7.46 | 7.43 | 7.5 | 10 |
| 2020s | 7.43 | 7.42 | 7.45 | 5 |
Countries ranked near Faroe Islands
More economy & growth data for Faroe Islands
- Exports of goods and services (current US$), annual growth rate -1.96 % change on previous year (2024)
- Exports of goods and services (current LCU), per capita 279,001 current LCU per person (2024)
- Exports of goods and services (current LCU), per unit of GDP 3.76 current LCU per US$ of GDP (2024)
- Exports of goods and services (current LCU), annual growth rate -1.89 % change on previous year (2024)
- Exports of goods and services (current US$), per capita 40,467 current US$ per person (2024)
- Exports of goods and services (current US$), per unit of GDP 0.5456 current US$ per US$ of GDP (2024)
- Gross national expenditure (current LCU), per unit of GDP 6.66 current LCU per US$ of GDP (2024)
- Gross national expenditure (current LCU), annual growth rate 0.4583 % change on previous year (2024)
- Gross value added at basic prices (GVA) (current LCU), per capita 451,018 current LCU per person (2024)
- Gross capital formation (current US$), annual growth rate -7.73 % change on previous year (2024)
Frequently asked questions
- What is domestic currency per euro (end-of-period (eop)) in Faroe Islands?
- Domestic currency per euro (end-of-period (eop)) in Faroe Islands was 7.42 in 2024, according to International Monetary Fund.
- What is the highest domestic currency per euro (end-of-period (eop)) recorded in Faroe Islands?
- The highest recorded value was 7.52 in 2003.
- What is the lowest domestic currency per euro (end-of-period (eop)) recorded in Faroe Islands?
- The lowest recorded value was 7.36 in 2008.
- How does Faroe Islands rank for domestic currency per euro (end-of-period (eop))?
- Faroe Islands ranks 125th out of 196 countries with data for 2024.
- Is domestic currency per euro (end-of-period (eop)) rising or falling in Faroe Islands?
- Over the last ten years it is down 0.2%. The long-run trend across the full record is flat.
- Where does this Faroe Islands data come from?
- The figures come from International Monetary Fund, published as part of Domestic currency per Euro (End-of-period (EoP)). Statizoid updates them automatically from the source API.
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About this data
This dataset contains historical exchange rate data between the US Dollar, Special Drawing Rights (SDR), Euro, and various national currencies. It includes both period average and end-of-period exchange rates.