Domestic currency per US dollar (End-of-period (EoP)) in Faroe Islands
Faroe Islands: Domestic currency per US dollar (End-of-period (EoP)) was 7.14 in 2024. ▼ Falling
Domestic currency per US dollar (End-of-period (EoP)) in Faroe Islands, 1950–2024
Source: International Monetary Fund.
Analysis
The most recent figure for domestic currency per us dollar (end-of-period (eop)) in Faroe Islands is 7.14, measured in 2024.
Compared with earlier readings it is up 5.9% on the previous year and up 16.7% over ten years.
Over the whole period, domestic currency per us dollar (end-of-period (eop)) in Faroe Islands peaked at 11.26 in 1984 and was at its lowest, 5.08, in 2007.
Faroe Islands ranks 129th of 220 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 75 years of available data.
Domestic currency per US dollar (End-of-period (EoP)) in Faroe Islands, year by year
| Year | Value | Change |
|---|---|---|
| 1950 | 6.92 | — |
| 1951 | 6.92 | +0.0% |
| 1952 | 6.92 | +0.0% |
| 1953 | 6.92 | +0.0% |
| 1954 | 6.91 | -0.1% |
| 1955 | 6.91 | +0.0% |
| 1956 | 6.91 | +0.0% |
| 1957 | 6.91 | +0.0% |
| 1958 | 6.91 | -0.1% |
| 1959 | 6.91 | +0.0% |
| 1960 | 6.91 | -0.0% |
| 1961 | 6.89 | -0.3% |
| 1962 | 6.9 | +0.2% |
| 1963 | 6.91 | +0.1% |
| 1964 | 6.92 | +0.1% |
| 1965 | 6.89 | -0.4% |
| 1966 | 6.92 | +0.4% |
| 1967 | 7.46 | +7.9% |
| 1968 | 7.5 | +0.5% |
| 1969 | 7.49 | -0.1% |
| 1970 | 7.49 | -0.0% |
| 1971 | 7.06 | -5.7% |
| 1972 | 6.85 | -3.0% |
| 1973 | 6.29 | -8.1% |
| 1974 | 5.65 | -10.2% |
| 1975 | 6.18 | +9.3% |
| 1976 | 5.79 | -6.3% |
| 1977 | 5.78 | -0.2% |
| 1978 | 5.09 | -11.9% |
| 1979 | 5.37 | +5.4% |
| 1980 | 6.01 | +12.1% |
| 1981 | 7.33 | +21.8% |
| 1982 | 8.38 | +14.5% |
| 1983 | 9.88 | +17.8% |
| 1984 | 11.26 | +14.0% |
| 1985 | 8.97 | -20.3% |
| 1986 | 7.34 | -18.1% |
| 1987 | 6.1 | -17.0% |
| 1988 | 6.87 | +12.8% |
| 1989 | 6.61 | -3.9% |
| 1990 | 5.78 | -12.6% |
| 1991 | 5.91 | +2.4% |
| 1992 | 6.26 | +5.8% |
| 1993 | 6.77 | +8.3% |
| 1994 | 6.08 | -10.2% |
| 1995 | 5.55 | -8.8% |
| 1996 | 5.94 | +7.2% |
| 1997 | 6.83 | +14.8% |
| 1998 | 6.39 | -6.4% |
| 1999 | 7.4 | +15.9% |
| 2000 | 8.02 | +8.4% |
| 2001 | 8.41 | +4.9% |
| 2002 | 7.08 | -15.8% |
| 2003 | 5.96 | -15.9% |
| 2004 | 5.47 | -8.2% |
| 2005 | 6.32 | +15.7% |
| 2006 | 5.66 | -10.5% |
| 2007 | 5.08 | -10.4% |
| 2008 | 5.28 | +4.1% |
| 2009 | 5.19 | -1.8% |
| 2010 | 5.61 | +8.2% |
| 2011 | 5.75 | +2.4% |
| 2012 | 5.66 | -1.5% |
| 2013 | 5.41 | -4.4% |
| 2014 | 6.12 | +13.1% |
| 2015 | 6.83 | +11.6% |
| 2016 | 7.05 | +3.3% |
| 2017 | 6.21 | -12.0% |
| 2018 | 6.52 | +5.0% |
| 2019 | 6.68 | +2.4% |
| 2020 | 6.06 | -9.3% |
| 2021 | 6.56 | +8.3% |
| 2022 | 6.97 | +6.3% |
| 2023 | 6.74 | -3.3% |
| 2024 | 7.14 | +5.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1950s | 6.92 | 6.91 | 6.92 | 10 |
| 1960s | 7.08 | 6.89 | 7.5 | 10 |
| 1970s | 6.15 | 5.09 | 7.49 | 10 |
| 1980s | 7.87 | 6.01 | 11.26 | 10 |
| 1990s | 6.29 | 5.55 | 7.4 | 10 |
| 2000s | 6.25 | 5.08 | 8.41 | 10 |
| 2010s | 6.18 | 5.41 | 7.05 | 10 |
| 2020s | 6.7 | 6.06 | 7.14 | 5 |
Countries ranked near Faroe Islands
More economy & growth data for Faroe Islands
- Agriculture, forestry, and fishing, value added (current LCU), per 82,165 current LCU per person (2024)
- Imports of goods and services (current LCU), per unit of GDP 3.53 current LCU per US$ of GDP (2024)
- Imports of goods and services (current LCU), per capita 261,819 current LCU per person (2024)
- External balance on goods and services (current US$), annual growth 227.91 % change on previous year (2024)
- External balance on goods and services (current LCU), annual growth 228.14 % change on previous year (2024)
- Agriculture, forestry, and fishing, value added (current LCU), annual -6.93 % change on previous year (2024)
- Agriculture, forestry, and fishing, value added (current LCU), per 1.11 current LCU per US$ of GDP (2024)
- Manufacturing, value added (current LCU), per unit of GDP 0.6524 current LCU per US$ of GDP (2024)
- Industry (including construction), value added (current US$), annual -5.14 % change on previous year (2024)
- Manufacturing, value added (current LCU), per capita 48,390 current LCU per person (2024)
Frequently asked questions
- What is domestic currency per us dollar (end-of-period (eop)) in Faroe Islands?
- Domestic currency per us dollar (end-of-period (eop)) in Faroe Islands was 7.14 in 2024, according to International Monetary Fund.
- What is the highest domestic currency per us dollar (end-of-period (eop)) recorded in Faroe Islands?
- The highest recorded value was 11.26 in 1984.
- What is the lowest domestic currency per us dollar (end-of-period (eop)) recorded in Faroe Islands?
- The lowest recorded value was 5.08 in 2007.
- How does Faroe Islands rank for domestic currency per us dollar (end-of-period (eop))?
- Faroe Islands ranks 129th out of 220 countries with data for 2024.
- Is domestic currency per us dollar (end-of-period (eop)) rising or falling in Faroe Islands?
- Over the last ten years it is up 16.7%. The long-run trend across the full record is falling.
- Where does this Faroe Islands data come from?
- The figures come from International Monetary Fund, published as part of Domestic currency per US dollar (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.