Currency Rate Iceland Krona to USD
Our Currency Rate ISK latest updates allow you to track real-time exchange rates effortlessly. By accessing and analyzing accurate and current data, you'll stay informed on the ISK. We provide comprehensive information to meet all your financial needs effectively.
Buying rate
ISK 0.006655
Selling rate
ISK0.007987
The Icelandic Króna (ISK) is the official currency of Iceland, symbolized as "kr." It has been an integral part of Iceland's economy and culture for many decades.
Currency Details
Symbol: kr
ISO Code: ISK
Subunits: 1 Króna = 100 aurar (although aurar are no longer in use due to inflation)
Banknotes and Coins
The Icelandic Króna is available in both coins and banknotes:
Coins:
1 króna
5 krónur
10 krónur
50 krónur
100 krónur
Banknotes:
Current banknotes in circulation:
500 krónur
1000 krónur
2000 krónur
5000 krónur
10000 krónur
History and Background
The Icelandic Króna has a history dating back to the early 20th century. The modern króna was established in 1885, replacing the Danish krone. Iceland became fully independent in 1944, and the króna has been the official currency since then.
Economic Significance
The ISK is essential to Iceland's economy, facilitating trade, investment, and daily transactions. Iceland's economy is primarily driven by fishing, tourism, renewable energy, and financial services.
Usage and Exchange
The Icelandic Króna is used for all transactions within Iceland. For international visitors and expatriates, exchanging foreign currency for Icelandic Króna can be done at banks, exchange bureaus, and ATMs. Credit and debit cards are widely accepted, making transactions convenient for tourists.
Conclusion
The Icelandic Króna is more than just a currency; it is a symbol of Iceland's history, culture, and economic development. Understanding the Icelandic Króna is crucial for anyone engaging with Iceland's economy, whether as a resident or a visitor. The stability and accessibility of the króna play a significant role in the country's economic growth and prosperity.
Currency Details
Symbol: kr
ISO Code: ISK
Subunits: 1 Króna = 100 aurar (although aurar are no longer in use due to inflation)
Banknotes and Coins
The Icelandic Króna is available in both coins and banknotes:
Coins:
1 króna
5 krónur
10 krónur
50 krónur
100 krónur
Banknotes:
Current banknotes in circulation:
500 krónur
1000 krónur
2000 krónur
5000 krónur
10000 krónur
History and Background
The Icelandic Króna has a history dating back to the early 20th century. The modern króna was established in 1885, replacing the Danish krone. Iceland became fully independent in 1944, and the króna has been the official currency since then.
Economic Significance
The ISK is essential to Iceland's economy, facilitating trade, investment, and daily transactions. Iceland's economy is primarily driven by fishing, tourism, renewable energy, and financial services.
Usage and Exchange
The Icelandic Króna is used for all transactions within Iceland. For international visitors and expatriates, exchanging foreign currency for Icelandic Króna can be done at banks, exchange bureaus, and ATMs. Credit and debit cards are widely accepted, making transactions convenient for tourists.
Conclusion
The Icelandic Króna is more than just a currency; it is a symbol of Iceland's history, culture, and economic development. Understanding the Icelandic Króna is crucial for anyone engaging with Iceland's economy, whether as a resident or a visitor. The stability and accessibility of the króna play a significant role in the country's economic growth and prosperity.