Icelandic Króna to Euro — 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: European Union

Currency Code, Symbol: EUR, €

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

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

History: The euro (sign: €, code: EUR, number: 978) is a currency unit that is used for payment on the Eurozone territory. It is used among the majority of European countries: in Germany, Austria, Spain, France, Greece, etc. A common abbreviation of the currency is EUR.Every euro is worth 100 cents. Sometimes the coins are called eurocents to avoid misunderstanding. The € currency was introduced in 2002 after the official establishment of the European Union. It has replaced a lot of European currencies: Greek drachma, Lithuanian litas, Slovak krona and so on. Introducing euro on a vast territory has allowed to remove transfer commission connected to conversion. Many preserved local currencies have a rate closely tied to EUR.Read More