WEED⨠to ISK Converter and calculator
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Convert WEED⨠to ISK
Convert ISK to WEEDâ¨
WEED⨠to ISK chart
WEED⨠to ISK conversion data: Volatility and price changes of WEED TokenđĽâ¨ in ISK
| Last 24 hours | Last 7 days | Last 30 days | Last 90 days | |
|---|---|---|---|---|
High | 0 ISK | -- ISK | -- ISK | -- ISK |
Low | 0 ISK | -- ISK | -- ISK | -- ISK |
Average | 0 ISK | 0 ISK | 0 ISK | 0 ISK |
Volatility | % | % | % | % |
Change | -- | -- | -- | -- |
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| Merchants (trades/completion rate) | Price | Amount/limit Low to high | Payment methods | Zero fees Action |
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WEED TokenđĽâ¨ information
WEED⨠to ISK market statistics
Current WEED⨠to ISK exchange rate
WEED TokenđĽâ¨ to Icelandic KrĂłna is falling this week.More info about WEED TokenđĽâ¨ on Bitget
Icelandic KrĂłna information
About the Icelandic KrĂłna (ISK)
What Is the Icelandic KrĂłna (ISK)?
The Icelandic KrĂłna, abbreviated as ISK and often denoted by the currency sign âkrâ, is the official currency of Iceland. The Icelandic KrĂłna is a unique currency, given that Iceland is one of the smallest countries by population to have its own currency and monetary policy. The Icelandic KrĂłna is the sole legal tender in Iceland, and it is used for all transactions within the country.
The Iceland Krona is issued by the Central Bank of Iceland (Seðlabanki Ăslands). The Central Bank is responsible for the production and distribution of the currency, as well as for managing Iceland's monetary policy and maintaining the stability of the krĂłna.
What Is the History of ISK?
The krĂłna's roots trace back to the Scandinavian Monetary Union, drawing its name from the Latin word 'corona' meaning 'crown'. Initially, Iceland used the Danish krone, but started issuing its own banknotes in 1885. The Icelandic krĂłna became distinct from the Danish krone after World War I and Icelandic sovereignty in 1918. Due to high inflation, the krĂłna was revalued in 1981, with 100 old krĂłna (ISJ) equating to 1 new krĂłna (ISK).
Notes and Coins of ISK
The Icelandic KrĂłna (ISK) comprises a variety of coins and banknotes, each with distinct values and designs. Coins in circulation include denominations of 1 krĂłna, 5 krĂłnur, 10 krĂłnur, 50 krĂłnur, and 100 krĂłnur. The Central Bank of Iceland issues notes in denominations of 500 krĂłnur, 1000 krĂłnur, 2000 krĂłnur, 5000 krĂłnur, and the highest value of 10,000 krĂłnur.
Is ISK a Stable Currency?
The Icelandic KrĂłna (ISK) has historically been subject to considerable volatility, reflecting the challenges of maintaining currency stability in a small, open economy. Particularly impacted by the 2008 financial crisis, the krĂłna saw a dramatic devaluation, with the exchange rate plummeting from about 90 krĂłna to the euro at the start of 2008 to around 340 krĂłna to the euro by the end of the year. This instability was a direct consequence of the collapse of Iceland's banking sector, which underscored the currency's vulnerability to global economic shifts. Moreover, the krĂłna's value against major currencies like the US Dollar has also been prone to significant fluctuations. For instance, in the first half of 2006, the exchange rate ranged between 50 and 80 krĂłna per US Dollar, but by late 2008, it had depreciated to approximately 135 krĂłna per Dollar. These examples highlight the challenges faced by the Central Bank of Iceland in stabilizing a currency heavily influenced by external economic factors and the dynamics of Iceland's tourism and fisheries-dependent economy.
Is ISK Pegged to EUR?
No, the Iceland Krona (ISK) is not pegged to the Euro. Iceland maintains its own independent currency and monetary policy through the Central Bank of Iceland (Seðlabanki Ăslands). The value of the Icelandic krĂłna is determined by the foreign exchange market, meaning it is subject to fluctuations based on market dynamics, rather than being fixed or pegged to the Euro or any other currency.
Will Iceland Adopt the Euro as Its Currency?
As of January 2024, Iceland had not made any definitive plans to adopt the Euro as its official currency. The consideration of adopting the Euro is intertwined with the broader issue of European Union (EU) membership, which Iceland has approached with caution. Following the severe impact of the 2008 financial crisis on the Icelandic economy and the Icelandic KrĂłna (ISK), there was increased discussion about the potential benefits of Euro adoption, such as enhanced economic stability and reduced currency volatility. However, such a move would require Iceland to cede control over its monetary policy to the European Central Bank, a significant concession for a country that values its economic sovereignty. Additionally, public opinion in Iceland has been divided on this issue, reflecting concerns about national independence and the implications for key sectors like fisheries.
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WEED⨠to ISK Conversion tables
| Amount | 09:22 am today | 24 hours ago | 24h change |
|---|---|---|---|
0.5 WEED⨠| kr0.0004829 | kr-- | 0.00% |
1 WEED⨠| kr0.0009657 | kr-- | 0.00% |
5 WEED⨠| kr0.004829 | kr-- | 0.00% |
10 WEED⨠| kr0.009657 | kr-- | 0.00% |
50 WEED⨠| kr0.04829 | kr-- | 0.00% |
100 WEED⨠| kr0.09657 | kr-- | 0.00% |
500 WEED⨠| kr0.4829 | kr-- | 0.00% |
1000 WEED⨠| kr0.9657 | kr-- | 0.00% |
WEED⨠to ISK FAQ
What factors influence the conversion rate of WEED⨠to ISK?
Popular exchange rates â Crypto-to-Fiat converter
The price of WEED TokenđĽâ¨ in the US is $0.âš0.00069027683 USD. Additionally, WEED TokenđĽâ¨âs price is âŹ0.{5}6524 EUR in the eurozone, ÂŁ0.{5}5692 GBP in the UK, C$0.{4}1051 CAD in Canada, {5} INR in India, â¨0.002152 PKR in Pakistan, R$0.{4}4242 BRL in Brazil, and more.
The most popular WEED TokenđĽâ¨ currency pair is the WEED⨠to Icelandic KrĂłna(ISK). The price of 1 WEED TokenđĽâ¨ (WEEDâ¨) in Icelandic KrĂłna (ISK) is kr0.0009657.
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