US dollar per domestic currency (End-of-period (EoP)) in Faroe Islands
Faroe Islands: US dollar per domestic currency (End-of-period (EoP)) was 0.14 in 2024. ▲ Rising
Latest (2024)
0.14
Change on year
down 5.6%
World rank
92nd
of 220 countries
All-time high
0.197
in 2007
All-time low
0.0888
in 1984
Years of data
75
1950–2024
US dollar per domestic currency (End-of-period (EoP)) in Faroe Islands, 1950–2024
Source: International Monetary Fund.
Analysis
In 2024, us dollar per domestic currency (end-of-period (eop)) in Faroe Islands stood at 0.14.
The figure is down 5.6% on the previous year and down 14.3% over ten years.
Over the whole period, us dollar per domestic currency (end-of-period (eop)) in Faroe Islands peaked at 0.197 in 2007 and was at its lowest, 0.0888, in 1984.
Faroe Islands ranks 92nd of 220 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 75 years of available data.
US dollar per domestic currency (End-of-period (EoP)) in Faroe Islands, year by year
| Year | Value | Change |
|---|---|---|
| 1950 | 0.1445 | — |
| 1951 | 0.1445 | +0.0% |
| 1952 | 0.1445 | +0.0% |
| 1953 | 0.1445 | +0.0% |
| 1954 | 0.1446 | +0.1% |
| 1955 | 0.1446 | +0.0% |
| 1956 | 0.1446 | +0.0% |
| 1957 | 0.1446 | +0.0% |
| 1958 | 0.1448 | +0.1% |
| 1959 | 0.1448 | -0.0% |
| 1960 | 0.1448 | +0.0% |
| 1961 | 0.1452 | +0.3% |
| 1962 | 0.1449 | -0.2% |
| 1963 | 0.1447 | -0.1% |
| 1964 | 0.1445 | -0.1% |
| 1965 | 0.1451 | +0.4% |
| 1966 | 0.1446 | -0.4% |
| 1967 | 0.134 | -7.3% |
| 1968 | 0.1333 | -0.5% |
| 1969 | 0.1335 | +0.1% |
| 1970 | 0.1335 | +0.0% |
| 1971 | 0.1416 | +6.0% |
| 1972 | 0.146 | +3.1% |
| 1973 | 0.159 | +8.9% |
| 1974 | 0.177 | +11.3% |
| 1975 | 0.1619 | -8.5% |
| 1976 | 0.1728 | +6.7% |
| 1977 | 0.1731 | +0.2% |
| 1978 | 0.1965 | +13.5% |
| 1979 | 0.1864 | -5.1% |
| 1980 | 0.1663 | -10.8% |
| 1981 | 0.1365 | -17.9% |
| 1982 | 0.1193 | -12.6% |
| 1983 | 0.1013 | -15.1% |
| 1984 | 0.0888 | -12.3% |
| 1985 | 0.1115 | +25.5% |
| 1986 | 0.1362 | +22.2% |
| 1987 | 0.164 | +20.4% |
| 1988 | 0.1455 | -11.3% |
| 1989 | 0.1513 | +4.0% |
| 1990 | 0.1731 | +14.4% |
| 1991 | 0.1691 | -2.3% |
| 1992 | 0.1599 | -5.5% |
| 1993 | 0.1477 | -7.6% |
| 1994 | 0.1644 | +11.3% |
| 1995 | 0.1803 | +9.7% |
| 1996 | 0.1682 | -6.7% |
| 1997 | 0.1465 | -12.9% |
| 1998 | 0.1566 | +6.9% |
| 1999 | 0.1352 | -13.7% |
| 2000 | 0.1247 | -7.8% |
| 2001 | 0.1189 | -4.6% |
| 2002 | 0.1412 | +18.7% |
| 2003 | 0.1679 | +18.9% |
| 2004 | 0.1829 | +9.0% |
| 2005 | 0.1581 | -13.5% |
| 2006 | 0.1766 | +11.7% |
| 2007 | 0.197 | +11.5% |
| 2008 | 0.1892 | -4.0% |
| 2009 | 0.1927 | +1.8% |
| 2010 | 0.1781 | -7.5% |
| 2011 | 0.174 | -2.3% |
| 2012 | 0.1767 | +1.5% |
| 2013 | 0.1848 | +4.6% |
| 2014 | 0.1634 | -11.6% |
| 2015 | 0.1464 | -10.4% |
| 2016 | 0.1418 | -3.2% |
| 2017 | 0.1611 | +13.6% |
| 2018 | 0.1534 | -4.8% |
| 2019 | 0.1498 | -2.3% |
| 2020 | 0.1651 | +10.2% |
| 2021 | 0.1524 | -7.7% |
| 2022 | 0.1434 | -5.9% |
| 2023 | 0.1483 | +3.4% |
| 2024 | 0.14 | -5.6% |
Faroe Islands compared with similar countries
- Faroe Islands's 0.14 is below the median for high income countries, which is 0.2762, 51% of the median. (76 countries reporting)
- Faroe Islands's 0.14 is above the median for Europe & Central Asia, which is 0.1086, 1.3× the median. (55 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1950s | 0.1446 | 0.1445 | 0.1448 | 10 |
| 1960s | 0.1415 | 0.1333 | 0.1452 | 10 |
| 1970s | 0.1648 | 0.1335 | 0.1965 | 10 |
| 1980s | 0.1321 | 0.0888 | 0.1663 | 10 |
| 1990s | 0.1601 | 0.1352 | 0.1803 | 10 |
| 2000s | 0.1649 | 0.1189 | 0.197 | 10 |
| 2010s | 0.1629 | 0.1418 | 0.1848 | 10 |
| 2020s | 0.1498 | 0.14 | 0.1651 | 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 us dollar per domestic currency (end-of-period (eop)) in Faroe Islands?
- Us dollar per domestic currency (end-of-period (eop)) in Faroe Islands was 0.14 in 2024, according to International Monetary Fund.
- What is the highest us dollar per domestic currency (end-of-period (eop)) recorded in Faroe Islands?
- The highest recorded value was 0.197 in 2007.
- What is the lowest us dollar per domestic currency (end-of-period (eop)) recorded in Faroe Islands?
- The lowest recorded value was 0.0888 in 1984.
- How does Faroe Islands rank for us dollar per domestic currency (end-of-period (eop))?
- Faroe Islands ranks 92nd out of 220 countries with data for 2024.
- Is us dollar per domestic currency (end-of-period (eop)) rising or falling in Faroe Islands?
- Over the last ten years it is down 14.3%. The long-run trend across the full record is rising.
- Where does this Faroe Islands data come from?
- The figures come from International Monetary Fund, published as part of US dollar per domestic currency (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.