Game of Thrones Crowns Iceland Krona as World's Best Currency
- Currency gains also fueled by growth, relatively high yields
- Islandsbanki sees krona gaining a further 2.5% versus euro
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Iceland’s interest-rate cuts should have slowed gains in its currency. Instead, the krona is now a world-beater.
The currency has surged 4 percent against the euro and 6.4 percent against the dollar since March 31, taking its gains in the past year to 21 percent and 15 percent, respectively. That’s the biggest advance among global currencies for both periods. Islandsbanki hf sees it rallying a further 2.5 percent to 113 per euro by the final quarter of this year.