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Data on interbank market for Icelandic krónur are published in accordance with a predetermined schedule and are posted at 09:00 hrs. on the publication date.

Data show the position at the end of the month and are available at a monthly frequency from 1998.

The latest data is preliminary.

Inquiries can be sent to support@sedlabanki.is

More detailed data for interbank market for Icelandic Krónur can be found in the Databank.

Interbank Market for Icelandic Kronur

Data for interbank market for Icelandic Kronur are collected with the aim of monitoring the development for domestic currency. The Cent­ral Bank also uses the data in its op­er­a­tions and for analytical purposes.

Foundation in law

Data collection is carried out on the basis  of the Rules on interbank transactions, no. 1196/2019,  on interbank transactions in ISK Icelandic, which are established according to the authorisation in Article 18(3) of the Act on the Central Bank of Iceland, no. 92/2019.

Interbank market for Icelandic Kronur

Data are obtained through daily reports on turnover from interbank market participants. Participants in the interbank market for Icelandic krónur (ISK) may be financial undertakings licensed to operate pursuant to the Act on Financial Undertakings, No. 161/2002,  and branches of financial undertakings outside the European Economic Area that have been authorised by the Financial Supervisory Authority in Iceland.

Interbank market participants for krónur send to the Central Bank notifications of contracts as soon as they have taken place. The data is therefore based on actual transactions between the parties. Reports on turnover from interbank market participants for krónur are recorded in a database and broken down by contract duration. The party who is contacted, sends a notification to the Central Bank about the transaction.

Revision of data

Data are not revised except when the previously submitted data are corrected by the reporter.

Interbank market 

The interbank market is divided into the interbank market for krónur (ISK) on the one hand, and the interbank market for foreign exchange on the other hand.

Interbank market in krónur (krónur market)
A market for short-term loans between market participants. Market participants shall quote interest rate bids for lending and borrowing in the market no less frequently than every 10 minutes. The market lending rate is called REIBOR (Reykjavik Interbank Offered Rates) and the deposit rate is called REIBID (Reykjavik Interbank Bid Rate).  The contractual term of loans in the interbank market for krónur can be overnight (ON), weekly (SW), one month (1M), three months (3M) and six months (6M).

Participants in the interbank market for krónur send notifications of contracts to the Central Bank as soon as they have taken place. The data is therefore based on actual transactions in real time between parties.

Interbank market for foreign exchange
The exchange rate of the Icelandic króna (ISK) is determined in the foreign exchange market. Financial companies who act as market makers are entitled to participate in the FX market, together with the Central Bank. Market makers can be entities that have an unrestricted operating licence for foreign exchange trading. The interbank market for foreign exchange is open from 9:15 AM to 4:00 PM each business day.

interbank market for icelandic kronur
Frequency: Monthly - October 2026
interbank market for icelandic kronur
Frequency: Monthly - December 2025
Statistics
TitleFrequencyNewestPeriodNextCategoryGagnabanki
Interbank Market for Foreign ExchangeMonthlyOctober 5September 2026November 4Markets
Interbank Market for Icelandic KronurMonthlyOctober 5September 2026November 4Markets
Market securitiesMonthlySeptember 30August 2026October 30Markets
Portfolio investmentMonthlySeptember 29August 2026October 29Balance of payments
Other financial corporationsMonthlySeptember 28August 2026October 27Monetary and financial statistics
Mutual funds, investment funds and institutional investment fundsMonthlySeptember 28August 2026October 27Monetary and financial statistics
Government credit fundsMonthlySeptember 28August 2026October 27Monetary and financial statistics
Monetary statisticsMonthlySeptember 24August 2026October 23Monetary and financial statistics
Direct investmentAnnualSeptember 212025March 18Balance of payments
Payment intermediationMonthlySeptember 17August 2026October 16Markets
Insurance companiesMonthlySeptember 17July 2026October 19Monetary and financial statistics
Securities offeringsMonthlySeptember 17August 2026October 19Markets
Foreign exchange transactionsMonthlySeptember 15August 2026October 15Markets
International reservesMonthlySeptember 9August 2026October 9Balance of payments
Real exchange rateMonthlySeptember 7August 2026October 7Markets
Balance sheet of the Central BankMonthlySeptember 7August 2026October 7Monetary and financial statistics
Financial accounts of financial corporationsQuarterlySeptember 7Q2/2026December 7Monetary and financial statistics
Pension fundsMonthlySeptember 4July 2026October 7Monetary and financial statistics
Balance of paymentsQuarterlySeptember 3Q2 2026December 3Balance of payments
International investment positionQuarterlySeptember 3Q2 2026December 3Balance of payments
External debtQuarterlySeptember 3Q2 2026December 3Balance of payments