| Currency | 05/28/2026 | 06/04/2026 | Change | |
| Zambian Kwacha (ZMW) | 0.0463 € | ⇨ | 0.0491 € | +6.03% |
| Colombian Peso (COP) | 0.000235 € | ⇨ | 0.0002407 € | +2.44% |
| Mauritanian Ouguiya (MRU) | 0.0215 € | ⇨ | 0.0217 € | +1.25% |
| Nigerian Naira (NGN) | 0.0006 € | ⇨ | 0.0006 € | +1.23% |
| Fijian Dollar (FJD) | 0.3863 € | ⇨ | 0.3907 € | +1.14% |
| Silver (oz) | 2.0929 € | ⇨ | 2.045 € | -2.29% |
| Sri Lankan Rupee (LKR) | 0.0026 € | ⇨ | 0.0026 € | -2.3% |
| Belarusian Ruble (BYN) | 0.3129 € | ⇨ | 0.3044 € | -2.71% |
| Russian Ruble (RUB) | 0.0121 € | ⇨ | 0.0117 € | -3.22% |
| Bitcoin (BTC) | 63,144 € | ⇨ | 54,517 € | -13.66% |
| See also the 24h, 30d and 1y changes | ||||
| Currency name | Icelandic Krona |
| Symbol | kr |
| Also known as | ISK, Icelandic Króna, 1 kr = 100 aurar |
| ISO code | ISK |
| Banknotes | 500, 1000, 2000, 5000, 10000 kr |
| Coins | 1, 5, 10, 50, 100 kr |
| Central bank | Central Bank of Iceland (Seðlabanki Íslands) - Website: www.cb.is |
| Countries | 1 country: Iceland (capital: Reykjavik) |
| Population | 0.37 mil. |
History
The Icelandic króna (ISK) is the official currency of Iceland. Its name means "crown" in Icelandic, sharing its etymology with other Scandinavian currencies. Iceland was under Danish rule for centuries and used the Danish krone until 1918, when it became a sovereign state in personal union with Denmark. The Icelandic króna was introduced in 1922, replacing the Danish krone at par.
Iceland is a small, open economy heavily dependent on fishing, aluminium smelting, and more recently tourism and technology. The króna has experienced significant volatility reflecting these vulnerabilities. During the 2008 global financial crisis, Iceland suffered one of the most severe banking collapses relative to economic size in history: the three major banks — Glitnir, Landsbanki, and Kaupthing — held assets ten times Iceland's GDP and all failed within a week.
The króna lost over 50% of its value in 2008, and Iceland was forced to impose capital controls — unprecedented for a developed economy — which remained in place until 2017. An IMF programme, combined with debt restructuring and allowing the banks to fail while protecting domestic depositors, enabled a surprisingly rapid recovery.
The Central Bank of Iceland manages the floating króna under an inflation-targeting framework. Iceland applied to join the EU in 2009 partly in hopes of adopting the euro, but the application was suspended in 2013 and formally withdrawn in 2015. The question of euro adoption periodically resurfaces in Icelandic political debate.
Sources:
"Icelandic króna", Wikipedia, https://en.wikipedia.org/wiki/Icelandic_kr%C3%B3na
"2008–2011 Icelandic financial crisis", Wikipedia, https://en.wikipedia.org/wiki/2008%E2%80%932011_Icelandic_financial_crisis