The Iceland jobless rate stopped from taking a further dive this May for the first time since the collapse.
Iceland has been suffering from a steep increase in the percentage of jobless people since late last year. It is welcoming news to hear that their unemployment rate fell since the first time the economy collapsed, from 9.1% down to 8.7%. The job market went south for Iceland's once boisterous financial sector when the three major banks collapsed due to the global credit crunch.
With the collapse, the government had to step in to take control. While the government had the reigns in their hands, the exchange rate of the krona dive-bombed.
The rates quoted above are interbank rates. Client rates may vary according to the volume and timing of the trade.
Please note: All rates are subject to change, for the latest up-to-date rates check our Currency converter
While keeping its monetary policy unchanged, the ECB upgraded the currency bloc’s economic growth...
|South African Rand||17.944|
|GBP indicative mid-market rate at 15:35. Please call for quote.|