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
Latest (2024)
7.14
Change on year
up 5.9%
World rank
129th
of 220 countries
All-time high
11.26
in 1984
All-time low
5.08
in 2007
Years of data
75
1950–2024
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% |
Faroe Islands compared with similar countries
- Faroe Islands's 7.14 is above the median for high income countries, which is 3.62, 2.0× the median. (76 countries reporting)
- Faroe Islands's 7.14 is below the median for Europe & Central Asia, which is 9.21, 78% of the median. (55 countries reporting)
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
- 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 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.