Official exchange rate (LCU per US$, period average) (UNESCO) in Faroe Islands
Faroe Islands: Official exchange rate (LCU per US$, period average) (UNESCO) was 6.89 LCU per US$, period average in 2024. ▼ Falling
Latest (2024)
6.89 LCU per US$, period average
Change on year
up 0.1%
World rank
118th
of 209 countries
All-time high
10.6 LCU per US$, period average
in 1985
All-time low
5.1 LCU per US$, period average
in 2008
Years of data
55
1970–2024
Official exchange rate in Faroe Islands, 1970–2024
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 118th of 209 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.
Official exchange rate (LCU per US$, period average) (UNESCO) in Faroe Islands, year by year
| Year | LCU per US$, period average | Change |
|---|---|---|
| 1970 | 7.5 LCU per US$, period average | — |
| 1971 | 7.43 LCU per US$, period average | -1.0% |
| 1972 | 6.95 LCU per US$, period average | -6.4% |
| 1973 | 6.05 LCU per US$, period average | -12.9% |
| 1974 | 6.09 LCU per US$, period average | +0.8% |
| 1975 | 5.75 LCU per US$, period average | -5.7% |
| 1976 | 6.05 LCU per US$, period average | +5.2% |
| 1977 | 6 LCU per US$, period average | -0.7% |
| 1978 | 5.51 LCU per US$, period average | -8.1% |
| 1979 | 5.26 LCU per US$, period average | -4.6% |
| 1980 | 5.64 LCU per US$, period average | +7.1% |
| 1981 | 7.12 LCU per US$, period average | +26.4% |
| 1982 | 8.33 LCU per US$, period average | +17.0% |
| 1983 | 9.14 LCU per US$, period average | +9.8% |
| 1984 | 10.36 LCU per US$, period average | +13.2% |
| 1985 | 10.6 LCU per US$, period average | +2.3% |
| 1986 | 8.09 LCU per US$, period average | -23.6% |
| 1987 | 6.84 LCU per US$, period average | -15.5% |
| 1988 | 6.73 LCU per US$, period average | -1.6% |
| 1989 | 7.31 LCU per US$, period average | +8.6% |
| 1990 | 6.19 LCU per US$, period average | -15.3% |
| 1991 | 6.4 LCU per US$, period average | +3.4% |
| 1992 | 6.04 LCU per US$, period average | -5.6% |
| 1993 | 6.48 LCU per US$, period average | +7.4% |
| 1994 | 6.36 LCU per US$, period average | -1.9% |
| 1995 | 5.6 LCU per US$, period average | -11.9% |
| 1996 | 5.8 LCU per US$, period average | +3.5% |
| 1997 | 6.6 LCU per US$, period average | +13.9% |
| 1998 | 6.7 LCU per US$, period average | +1.5% |
| 1999 | 6.98 LCU per US$, period average | +4.1% |
| 2000 | 8.08 LCU per US$, period average | +15.9% |
| 2001 | 8.32 LCU per US$, period average | +3.0% |
| 2002 | 7.89 LCU per US$, period average | -5.1% |
| 2003 | 6.59 LCU per US$, period average | -16.6% |
| 2004 | 5.99 LCU per US$, period average | -9.1% |
| 2005 | 6 LCU per US$, period average | +0.1% |
| 2006 | 5.95 LCU per US$, period average | -0.8% |
| 2007 | 5.44 LCU per US$, period average | -8.5% |
| 2008 | 5.1 LCU per US$, period average | -6.3% |
| 2009 | 5.36 LCU per US$, period average | +5.2% |
| 2010 | 5.62 LCU per US$, period average | +4.9% |
| 2011 | 5.37 LCU per US$, period average | -4.5% |
| 2012 | 5.79 LCU per US$, period average | +7.9% |
| 2013 | 5.62 LCU per US$, period average | -3.0% |
| 2014 | 5.61 LCU per US$, period average | -0.1% |
| 2015 | 6.73 LCU per US$, period average | +19.9% |
| 2016 | 6.73 LCU per US$, period average | +0.1% |
| 2017 | 6.6 LCU per US$, period average | -1.9% |
| 2018 | 6.31 LCU per US$, period average | -4.4% |
| 2019 | 6.67 LCU per US$, period average | +5.6% |
| 2020 | 6.54 LCU per US$, period average | -1.9% |
| 2021 | 6.29 LCU per US$, period average | -3.9% |
| 2022 | 7.08 LCU per US$, period average | +12.6% |
| 2023 | 6.89 LCU per US$, period average | -2.6% |
| 2024 | 6.89 LCU per US$, period average | +0.1% |
Faroe Islands compared with similar countries
- Faroe Islands's 6.89 LCU per US$, period average is above the median for high income countries, which is 1 LCU per US$, period average, 6.9× the median. (82 countries reporting)
- Faroe Islands's 6.89 LCU per US$, period average is above the median for Europe & Central Asia, which is 1.75 LCU per US$, period average, 3.9× the median. (54 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 6.26 LCU per US$, 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$, period average | 5 |
Countries ranked near Faroe Islands
- 115 Guatemala 7.76 LCU per US$, period average compare
- 116 China 7.2 LCU per US$, period average compare
- 117 Bolivia 6.91 LCU per US$, period average compare
- 118 Denmark 6.89 LCU per US$, period average compare
- 118 Greenland 6.89 LCU per US$, period average compare
- 121 Trinidad and Tobago 6.75 LCU per US$, period average compare
More population data for Faroe Islands
- Population regions with projections, annual growth rate -0.2397 % change on previous year (2100)
- Urban and rural population 2050, annual growth rate -1.07 % change on previous year (2050)
- Population long run with projections, annual growth rate -0.2397 % change on previous year (2100)
- Un population 2024 vs 2022, annual growth rate 0.1096 % change on previous year (2100)
- Projected population under age 5, annual growth rate -0.4747 % change on previous year (2100)
- Population growth rate -0.247 (2100)
- Population density 46.18 (2100)
- Projected population under age 5 2,935 (2100)
- Population growth rate by level of development -0.247 (2100)
- Urbanization vs gdp, annual growth rate 0.5838 % change on previous year (2025)
Frequently asked questions
- What is official exchange rate in Faroe Islands?
- Official exchange rate in Faroe Islands was 6.89 LCU per US$, 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 118th out of 209 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 · JSON — 55 observations, free to reuse under CC BY-SA 3.0 IGO (UNESCO Institute for Statistics).
About this data
February 2026 Data Release