Nominal effective exchange rate (NEER), Index (2010=100) Weighted in Iceland
Iceland: Nominal effective exchange rate (NEER), Index (2010=100) Weighted was 123.96 in 2025. ◆ Volatile
Nominal effective exchange rate (NEER), Index (2010=100) Weighted in Iceland, 1979–2025
Source: International Monetary Fund.
Analysis
The most recent figure for nominal effective exchange rate (neer), index (2010=100) weighted in Iceland is 123.96, measured in 2025.
That represents a change of up 4.8% on the previous year and up 15.0% over ten years.
Over the whole period, nominal effective exchange rate (neer), index (2010=100) weighted in Iceland peaked at 2,920 in 1979 and was at its lowest, 97.15, in 2012.
Iceland ranks 25th of 99 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Nominal effective exchange rate (NEER), Index (2010=100) Weighted in Iceland, year by year
| Year | Value | Change |
|---|---|---|
| 1979 | 2,920 | — |
| 1980 | 2,171 | -25.6% |
| 1981 | 1,637 | -24.6% |
| 1982 | 1,100 | -32.8% |
| 1983 | 586.86 | -46.7% |
| 1984 | 492.57 | -16.1% |
| 1985 | 387.86 | -21.3% |
| 1986 | 325.24 | -16.1% |
| 1987 | 307.7 | -5.4% |
| 1988 | 266.85 | -13.3% |
| 1989 | 211 | -20.9% |
| 1990 | 192.65 | -8.7% |
| 1991 | 196.89 | +2.2% |
| 1992 | 201.78 | +2.5% |
| 1993 | 191.51 | -5.1% |
| 1994 | 189.37 | -1.1% |
| 1995 | 191.59 | +1.2% |
| 1996 | 192.22 | +0.3% |
| 1997 | 196.48 | +2.2% |
| 1998 | 203.31 | +3.5% |
| 1999 | 202.12 | -0.6% |
| 2000 | 202.04 | -0.0% |
| 2001 | 170.37 | -15.7% |
| 2002 | 174.54 | +2.5% |
| 2003 | 185.26 | +6.1% |
| 2004 | 188.49 | +1.7% |
| 2005 | 207.81 | +10.3% |
| 2006 | 185.24 | -10.9% |
| 2007 | 190.49 | +2.8% |
| 2008 | 138.73 | -27.2% |
| 2009 | 99.75 | -28.1% |
| 2010 | 100 | +0.2% |
| 2011 | 100.56 | +0.6% |
| 2012 | 97.15 | -3.4% |
| 2013 | 99.49 | +2.4% |
| 2014 | 105.77 | +6.3% |
| 2015 | 107.78 | +1.9% |
| 2016 | 121 | +12.3% |
| 2017 | 135.81 | +12.2% |
| 2018 | 131.42 | -3.2% |
| 2019 | 121.36 | -7.7% |
| 2020 | 110.17 | -9.2% |
| 2021 | 113.28 | +2.8% |
| 2022 | 118.24 | +4.4% |
| 2023 | 117.13 | -0.9% |
| 2024 | 118.31 | +1.0% |
| 2025 | 123.96 | +4.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 2,920 | 2,920 | 2,920 | 1 |
| 1980s | 748.73 | 211 | 2,171 | 10 |
| 1990s | 195.79 | 189.37 | 203.31 | 10 |
| 2000s | 174.27 | 99.75 | 207.81 | 10 |
| 2010s | 112.03 | 97.15 | 135.81 | 10 |
| 2020s | 116.85 | 110.17 | 123.96 | 6 |
Countries ranked near Iceland
More economy & growth data for Iceland
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.96 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.48 Percent per annum (2029)
- GDP (current US$), annual growth rate 16.26 % change on previous year (2025)
- GDP (current US$), per capita 98,323 current US$ per person (2025)
- GDP (current LCU), annual growth rate 8.24 % change on previous year (2025)
- GDP (current LCU), per unit of GDP 128.44 current LCU per US$ of GDP (2025)
- GDP (current LCU), per capita 12.63 million current LCU per person (2025)
- GDP (constant 2015 US$), annual growth rate 1.28 % change on previous year (2025)
- GDP (constant 2015 US$), per unit of GDP 0.5991 constant 2015 US$ per US$ of GDP (2025)
- GDP (constant 2015 US$), per capita 58,910 constant 2015 US$ per person (2025)
Frequently asked questions
- What is nominal effective exchange rate (neer), index (2010=100) weighted in Iceland?
- Nominal effective exchange rate (neer), index (2010=100) weighted in Iceland was 123.96 in 2025, according to International Monetary Fund.
- What is the highest nominal effective exchange rate (neer), index (2010=100) weighted recorded in Iceland?
- The highest recorded value was 2,920 in 1979.
- What is the lowest nominal effective exchange rate (neer), index (2010=100) weighted recorded in Iceland?
- The lowest recorded value was 97.15 in 2012.
- How does Iceland rank for nominal effective exchange rate (neer), index (2010=100) weighted?
- Iceland ranks 25th out of 99 countries with data for 2025.
- Is nominal effective exchange rate (neer), index (2010=100) weighted rising or falling in Iceland?
- Over the last ten years it is up 15.0%. The long-run trend across the full record is volatile.
- Where does this Iceland data come from?
- The figures come from International Monetary Fund, published as part of Nominal effective exchange rate (NEER), Index (2010=100) Weighted index. Statizoid updates them automatically from the source API.
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About this data
The Effective Exchange Rate (EER) dataset includes annual, quarterly and monthly nominal and real effective exchange rates by economy. Nominal effective exchange rates (NEERs) measure the value of a country's currency in relation to a weighted average of the currency values of their major trading partners. Real effective exchange rates (REERs) adjust the NEER to account for a country's inflation rate in relation to the weighted inflation rate of their major trading partners. The IMF publishes NEERs and REERs for approximately 90 IMF member countries that account for the vast share of global international trade. These statistics help policymakers and analysts assess the competitiveness of a country's exports, monitor currency trends, evaluate the impact of exchange rate changes on trade flows, and inform decisions regarding monetary policy, exchange rate management, and international trade. The EERs are calculated by IMF staff using exchange rate information, consumer price indexes received from national authorities and international trade weights. These weights are calculated as three-year averages of annual data available from official sources on trade, tourism and manufacturing collected from the United Nations (UN), Organization for Economic Co-operation and Development (OECD), World Bank, World Tourism Organization (UNWTO), United Nations Industrial Development Organization (UNIDO).