Icelandic Krona

Icelandic Krona

The króna (Icelandic pronunciation: ​[ˈkʰrou:na]; plural krónur) (sign: kr; code: ISK) is the currency of Iceland. Iceland is the smallest country to have its own currency and monetary policy.Like the Nordic currencies (such as the Danish krone, Swedish krona and Norwegian krone) that participated in the historical Scandinavian Monetary Union, the name króna (meaning crown) comes from the Latin word corona ("crown"). The name "Icelandic crown" is sometimes used, for example in the financial markets. The word eyrir derives from Latin aureus ("golden"), there being historically 100 gold pieces to a crown.

Danish Krone

Danish Krone

The krone (Danish pronunciation: [ˈkʁoːnə]; plural: kroner; sign: kr.; code: DKK) is the official currency of Denmark, Greenland and the Faroe Islands, introduced on 1 January 1875. Both the ISO code "DKK" and currency sign "kr." are in common use; the former precedes the value, the latter in some contexts follows it. The currency is sometimes referred to as the Danish crown in English, since krone literally means crown. Historically, krone coins have been minted in Denmark since the 17th century. One krone is subdivided into 100 øre (Danish pronunciation: [ˈøːɐ]; singular and plural), the name øre possibly deriving from Latin aureus meaning "gold coin". Altogether there are eleven denominations of the krone, with the smallest being the 50 øre coin, which is valued at one half of a krone. Formerly there were more øre coins, but those were discontinued due to inflation. The krone is pegged to the euro via the ERM II, the European Union's exchange rate mechanism. Adoption of the euro is favoured by some of the major political parties, however a 2000 referendum on joining the Eurozone was defeated with 53.2% voting to maintain the krone and 46.8% voting to join the Eurozone.

18 Icelandic Krona to Danish Krone exchange rates chart

18 ISK to DKK exchange rates graph
18 ISK to DKK Spot rate – This is known more formally as the ‘interbank’ rate. It is the rate banks or large financial institutions charge each other when trading significant amounts of foreign currency. In the business, this is sometimes referred to as a ‘spot rate’. It is not the tourist rate and you cannot buy currency at this rate, as you are buying relatively small amounts of foreign currency. In everyday life it is the same as the difference between wholesale and retail prices. The rates shown in financial newspapers and in broadcast media are usually the interbank rates.

18 ISK to DKK exchange rates table

Exchange ISK to DKK
18 Icelandic Krona = 0.976 Danish Krone
36 Icelandic Krona = 1.951 Danish Krone
90 Icelandic Krona = 4.879 Danish Krone
180 Icelandic Krona = 9.757 Danish Krone
Exchange Icelandic Krona to Danish Krone
18 Icelandic Krona to Danish Krone Cross rate – This is the rate we give to customers who want to exchange currencies that do not involve the local currency. For example, if you want to exchange Australian dollars into US dollars.

Best ISK/DKK rate at FOREX Bank in Copenhagen

18 ISK to DKK exchange rates at FOREX Bank in Copenhagen
18 Icelandic Krona = 0.854 Danish Krone
FOREX Bank
FOREX Bank

About FOREX Bank Business concept FOREX Bank offers simple bank services for those, who wants a richer everyday life. Advantages of FOREX Bank For you as a customer there are many advantages in using FOREX Bank. Here are a few of them: No fees or service charges, when you buy foreign currecy No fees or service charges when you sell foreign currency and have a FOREX Bank receipt from the purchase A wide selection of currencies Help and guidance on your destination Fast and inexpensive money...

18 ISK to DKK exchange rates news

Iceland's Central Bank Trying To Strengthen Weakening Krona

The Central Bank has, for three days in a row now, actively bought Icelandic krónur in an effort to stem its weakening value.

6 days indicative positive
Small currency, big worries: Iceland's volatile krona | DW | 06.04.2017

What happens when a small country with its own currency has to navigate economically in a world dominated by huge countries with enormous banking systems and deep-pocketed financial speculators?

about 2 months indicative neutral
We’re all going to Iceland

From June, cheap, direct flights will really put Iceland on Irish tourists’ maps. Expect to encounter unspoiled natural beauty and, perhaps, thieving elves

about 2 months conditional positive

18 ISK to DKK currency converter