▁had ▁continued ▁to ▁lower ▁to ▁ 1 3 5 ▁to ▁the ▁doll ar . ▁As ▁of ▁ 2 ▁April ▁ 2 0 0 9 , ▁the ▁value ▁hover ed ▁around ▁ 1 1 9 ▁per ▁doll ar , ▁roughly ▁maintain ing ▁that ▁value ▁over ▁the ▁next ▁two ▁years ▁with ▁ 2 3 ▁March ▁ 2 0 1 1 , ▁prices ▁around ▁ 1 1 4 ▁per ▁doll ar . ▁With ▁this , ▁the ▁previously ▁high ▁costs ▁for ▁foreign ▁trad ers ▁and ▁tour ists ▁dropped , ▁which ▁I cel and ' s ▁trade ▁and ▁tour ism ▁industry ▁under to ok ▁to ▁explo it . ▁In ▁July ▁ 2 0 0 8 , ▁a ▁Big ▁Mac ▁cost ▁the ▁equivalent ▁of ▁nearly ▁US $ 6 , ▁versus ▁$ 3 . 5 7 ▁in ▁the ▁US . ▁ ▁I cel and ▁and ▁the ▁euro ▁The oret ically ▁the ▁ad option ▁of ▁the ▁euro ▁could ▁have ▁several ▁advantages . ▁A do pt ing ▁what ▁is ▁perce ived ▁by ▁some ▁as ▁a ▁histor ically ▁stronger ▁currency ▁might ▁help ▁I cel and ▁to ▁" av oid ▁the ▁tur bul ence ▁surrounding ▁spec ulations ▁in ▁international ▁financial ▁mark ets ". ▁In ▁addition , ▁I cel and ic ▁econom ists ▁listed ▁several ▁arguments ▁in ▁favour ▁of ▁the ▁Euro ▁before ▁the ▁crisis . ▁" In ▁terms ▁of ▁growth ▁potential s ▁and ▁w elf are , ▁the ▁euro ▁could ▁be ▁expected ▁to ▁bring ▁lower ▁long - term ▁interest ▁rates ▁[ ... ]. ▁This ▁would ▁of ▁course ▁increase ▁capital ▁invest ment ▁and ▁labour ▁product ivity