Official exchange rate in Faroe Islands
Faroe Islands: Official exchange rate was 6.89 LCU per US$, period average in 2024. βΌ Falling
Official exchange rate in Faroe Islands, 1970β2024
Source: UNESCO Institute for Statistics. Measured in LCU per US$, period average.
Analysis
The most recent figure for official exchange rate in Faroe Islands is 6.89 LCU per US$, period average, measured in 2024.
That represents a change of up 0.1% on the previous year and up 22.8% over ten years.
Over the whole period, official exchange rate in Faroe Islands peaked at 10.6 LCU per US$, period average in 1985 and was at its lowest, 5.1 LCU per US$, period average, in 2008.
Faroe Islands ranks 116th of 206 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 55 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 6.26 LCU per US$, period average | 5.26 LCU per US$, period average | 7.5 LCU per US$, period average | 10 |
| 1980s | 8.02 LCU per US$, period average | 5.64 LCU per US$, period average | 10.6 LCU per US$, period average | 10 |
| 1990s | 6.31 LCU per US$, period average | 5.6 LCU per US$, period average | 6.98 LCU per US$, period average | 10 |
| 2000s | 6.47 LCU per US$, period average | 5.1 LCU per US$, period average | 8.32 LCU per US$, period average | 10 |
| 2010s | 6.11 LCU per US$, period average | 5.37 LCU per US$, period average | 6.73 LCU per US$, period average | 10 |
| 2020s | 6.74 LCU per US$, period average | 6.29 LCU per US$, period average | 7.08 LCU per US$, period average | 5 |
Countries ranked near Faroe Islands
- 113 Guatemala 7.76 LCU per US$, period average compare
- 114 China 7.2 LCU per US$, period average compare
- 115 Bolivia 6.91 LCU per US$, period average compare
- 116 Denmark 6.89 LCU per US$, period average compare
- 116 Greenland 6.89 LCU per US$, period average compare
- 119 Trinidad and Tobago 6.75 LCU per US$, period average compare
More population data for Faroe Islands
- Population growth rate by level of development -0.247 (2100)
- Projected population under age 5 2,935 (2100)
- Population density 46.18 (2100)
- Population growth rate -0.247 (2100)
- Fertility and wanted fertility 1.91 (2024)
- Fertility vs unmet contraception 1.91 (2024)
- Fertility vs contraception 1.91 (2024)
- Natural population growth 0.2303 (2023)
- Fertility rate with projections 2.24 (2023)
- Children per woman fertility rate vs level of prosperity 2.24 (2023)
Frequently asked questions
- What is official exchange rate in Faroe Islands?
- Official exchange rate in Faroe Islands was 6.89 LCU per US$, period average in 2024, according to UNESCO Institute for Statistics.
- What is the highest official exchange rate recorded in Faroe Islands?
- The highest recorded value was 10.6 LCU per US$, period average in 1985.
- What is the lowest official exchange rate recorded in Faroe Islands?
- The lowest recorded value was 5.1 LCU per US$, period average in 2008.
- How does Faroe Islands rank for official exchange rate?
- Faroe Islands ranks 116th out of 206 countries with data for 2024.
- Is official exchange rate rising or falling in Faroe Islands?
- Over the last ten years it is up 22.8%. The long-run trend across the full record is falling.
- Where does this Faroe Islands data come from?
- The figures come from UNESCO Institute for Statistics, published as part of Official exchange rate (LCU per US$, period average). Statizoid updates them automatically from the source API.
Download this data
CSV Β· JSON β 55 observations, free to reuse under CC BY-SA 3.0 IGO (UNESCO Institute for Statistics).
About this data
February 2026 Data Release