Icelandic Króna to Norwegian Krone — 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: Norway

Currency Code, Symbol: NOK, Kr

Denominations of coins in circulation: 50 kr, 100 kr, 200 kr, 500 kr

Denominations of banknotes in circulation: 1, 5, 10, 20 kr

History: The Norwegian krone (kr) is the official currency issued and accepted for payment in the Kingdom of Norway. In foreign currency exchange, the term for the currency is NOK. The Norwegian krone could be previously subdivided into øre.Every NOK had øre. However, in 2012, the last coins left in circulation – 50 øre – were eliminated. The Norwegian krone had a characteristic design in a marine style. The notes have lighthouses, sailboats, and rare sea animals. The currency floats independently.Read More