US Dollar to Icelandic Króna — exchange rate

The US dollar ($) is the national currency of the United States of America, one of the global reserve currencies. It is used as an official currency unit in Salvador, Marshall Islands, Panama, Bermuda. USD is used as an abbreviation for convenience and internationalization purposes.

The US dollar is subdivided into cents. Every dollar has 100 cents. The currency has existed since 1792. The first dollars were made out of silver, then paper notes appeared. They have had the traditional greenish or grey color from the outset. Around 35 million pieces of dollars of different denomination worth 635 million emigrate to the USA daily. 95% of the banknotes are to replace worn-out notes.

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.