Icelandic Króna to Australian Dollar — exchange rate

Country of Circulation: Iceland

Currency Code, Symbol: ISK, Kr

Denominations of coins in circulation: 1, 5, 10, 50, 100 krona

Denominations of banknotes in circulation: 500, 1000, 2000, 5000, 10,000 krona

History: The Icelandic krona (kr) is the national currency of Iceland. On the global exchange market and at currency exchange, the currency is named ISK. Aurar are small coins that are used as change for the Icelandic krona.Every ISK had 100 aurar. Since 2003, this subdivision has been cancelled. The currency has been issued since 1885. Coins was issued later, in 1925. Due to a massive financial crisis in the middle of the 2000s, the paying capacity of the currency has drastically decreased by half. There have been a few attempts to replace the Icelandic krona with euro. However, in 2015, the state definitively refused to become a member of EU, and the krona was reserved.Read More

Country of Circulation: Australia, Ashmore and Cartier Islands, Australian Antarctic Territory, Christmas Island and others

Currency Code, Symbol: AUD, AU$

Denominations of coins in circulation: 5c, 10c, 20c, 50c, $1, $2

Denominations of banknotes in circulation: $5, $10, $20, $50, $100

History: The Australian dollar (symbol: $ ,code: AUD, number 036) is the currency of the Commonwealth of Australia. It is used not only on the territory of Australia, but also on the adjacent islands: Cocos Islands, Norfolk, and Christmas Islands. $ is identified as AUD or by the classic dollar sign on the global financial market.One AUD is 100 cents. It has come into action in 1966, replacing the Australian pound. Since the late 80s, banknotes have been being made from special flexible plastic instead of paper. It makes money last longer in humid Australian climate. Interestingly, all banknotes have the same height, but are different in length. On the notes you can find portraits of historical and political figures, important buildings and objects. Australia also regularly issues commemorative coins worth 50 cents.Read More