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.

South African Rand

South African Rand

The rand (sign: R; code: ZAR) is the currency of South Africa. The Rand is subdivided into 100 cents (sign: "c"). The ISO 4217 code is ZAR, from Dutch Zuid-Afrikaanse Rand (South African Rand). The Rand is legal tender in the Common Monetary Area between South Africa, Swaziland, Lesotho, and Namibia, although the last three countries do have their own currencies pegged at par with rand. Before 1976, the rand was legal tender in Botswana.

8 Icelandic Krona to South African Rand exchange rates chart

8 ISK to ZAR exchange rates graph
8 ISK to ZAR 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.

8 ISK to ZAR exchange rates table

Exchange ISK to ZAR
8 Icelandic Krona = 0.909 South African Rand
16 Icelandic Krona = 1.817 South African Rand
40 Icelandic Krona = 4.543 South African Rand
80 Icelandic Krona = 9.087 South African Rand
Exchange Icelandic Krona to South African Rand
8 Icelandic Krona to South African Rand 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.

8 ISK to ZAR 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.

13 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
Yes, you can afford to go overseas! 5 rand-friendly holiday spots

These amazing destinations in Europe, Asia and South America offer big payoffs at reasonable prices

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Rand gains ahead of GDP data

The rand moved in tandem with other emerging markets which have been buoyed by thaw in tensions between the world’s top two economies as presidents Donald Trump and Xi Jinping struck a deal at the G20 summit over the weekend in Argentina.

about 2 months conditional positive

8 ISK to ZAR currency converter