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base info Akash Network

Akash Network to Icelandic Króna Converter and calculator

Convert 1Akash Network (AKT) to Icelandic Króna (ISK) equals kr 812.4 | Bitget
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Last updated 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter offers real-time exchange rates, allowing for easy conversion of Akash Network(AKT) to Icelandic Króna(ISK). This is the real-time data. The current conversion shows 1 AKT at a value of 1 AKT for 812.40 ISK . Since crypto prices can change rapidly, we suggest checking back for the latest conversion result.

ISK information

About the Icelandic Króna (ISK)

What Is the Icelandic Króna (ISK)?

The Icelandic Króna, abbreviated as ISK and often denoted by the currency sign “kr”, is the official currency of Iceland. The Icelandic Króna is a unique currency, given that Iceland is one of the smallest countries by population to have its own currency and monetary policy. The Icelandic Króna is the sole legal tender in Iceland, and it is used for all transactions within the country.

The Iceland Krona is issued by the Central Bank of Iceland (Seðlabanki Íslands). The Central Bank is responsible for the production and distribution of the currency, as well as for managing Iceland's monetary policy and maintaining the stability of the króna.

What Is the History of ISK?

The króna's roots trace back to the Scandinavian Monetary Union, drawing its name from the Latin word 'corona' meaning 'crown'. Initially, Iceland used the Danish krone, but started issuing its own banknotes in 1885. The Icelandic króna became distinct from the Danish krone after World War I and Icelandic sovereignty in 1918. Due to high inflation, the króna was revalued in 1981, with 100 old króna (ISJ) equating to 1 new króna (ISK).

Notes and Coins of ISK

The Icelandic Króna (ISK) comprises a variety of coins and banknotes, each with distinct values and designs. Coins in circulation include denominations of 1 króna, 5 krónur, 10 krónur, 50 krónur, and 100 krónur. The Central Bank of Iceland issues notes in denominations of 500 krónur, 1000 krónur, 2000 krónur, 5000 krónur, and the highest value of 10,000 krónur.

Is ISK a Stable Currency?

The Icelandic Króna (ISK) has historically been subject to considerable volatility, reflecting the challenges of maintaining currency stability in a small, open economy. Particularly impacted by the 2008 financial crisis, the króna saw a dramatic devaluation, with the exchange rate plummeting from about 90 króna to the euro at the start of 2008 to around 340 króna to the euro by the end of the year. This instability was a direct consequence of the collapse of Iceland's banking sector, which underscored the currency's vulnerability to global economic shifts. Moreover, the króna's value against major currencies like the US Dollar has also been prone to significant fluctuations. For instance, in the first half of 2006, the exchange rate ranged between 50 and 80 króna per US Dollar, but by late 2008, it had depreciated to approximately 135 króna per Dollar. These examples highlight the challenges faced by the Central Bank of Iceland in stabilizing a currency heavily influenced by external economic factors and the dynamics of Iceland's tourism and fisheries-dependent economy.

Is ISK Pegged to EUR?

No, the Iceland Krona (ISK) is not pegged to the Euro. Iceland maintains its own independent currency and monetary policy through the Central Bank of Iceland (Seðlabanki Íslands). The value of the Icelandic króna is determined by the foreign exchange market, meaning it is subject to fluctuations based on market dynamics, rather than being fixed or pegged to the Euro or any other currency.

Will Iceland Adopt the Euro as Its Currency?

As of January 2024, Iceland had not made any definitive plans to adopt the Euro as its official currency. The consideration of adopting the Euro is intertwined with the broader issue of European Union (EU) membership, which Iceland has approached with caution. Following the severe impact of the 2008 financial crisis on the Icelandic economy and the Icelandic Króna (ISK), there was increased discussion about the potential benefits of Euro adoption, such as enhanced economic stability and reduced currency volatility. However, such a move would require Iceland to cede control over its monetary policy to the European Central Bank, a significant concession for a country that values its economic sovereignty. Additionally, public opinion in Iceland has been divided on this issue, reflecting concerns about national independence and the implications for key sectors like fisheries.

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Bitget crypto-to-fiat exchange data shows that the most popular Akash Network currency pair is the AKT to ISK, with for Akash Network's currency code being AKT. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for ISK.

AKT to ISK conversion rate trend

1D7D1M3M1YAll
In the past 1D, Akash Network has changed +0.95% to ISK. Based on the trend and price charts, Akash Network(AKT) has changed +0.95% to ISK while Icelandic Króna(ISK) has changed % to AKT in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
kr812.4
0.0001% / 0.0004%vip-iconVIP
Huobi
kr807.18
0.1000% / 0.1000%
Yes
Gate.io
kr806.73
0.1000% / 0.1000%
Yes
KuCoin
kr806.49
0.1000% / 0.1000%
Yes
Last updated 2024/05/21 23:00:25(UTC+0)

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What factors influence the conversion rate of Akash Network to Icelandic Króna?

Akash Network to Icelandic Króna is rising this week.
Akash Network's current market price is kr 812.4 per AKT, with a total market cap of kr 193,012,179,732.5 ISK based on a circulating supply of 237,582,190 AKT. The trading volume of Akash Network has changed by +72.89% (kr 4,500,560,021.24 ISK) in the last 24 hours. Last trading day, AKT's trading volume was kr 6,174,353,037.45.
Market cap
$1.40B
24h volume
$77.20M
Circulating supply
237.58M AKT

Conversion tables

The exchange rate of Akash Network is increasing.
1 AKT is currently valued at kr 812.4 ISK , which means buying 5 AKT will cost kr 4,062.01 ISK . Similarly, kr1 ISK can be traded for 0.001231 AKT, and kr50 ISK can be converted to 0.06155 AKT, excluding any platform or gas fees.
The exchange rate of 1 AKT to Icelandic Króna has changed by +12.88% in the last 7 days. In the last 24 hours, the rate has fluctuated by +0.95%, reaching a high of 842.18 ISK and a low of 792.91 ISK . One month ago, the value of 1 AKT was kr 560.42 ISK , which represents a +44.97% change from its current value. Over the last year, Akash Network has changed by
+kr
68.24ISK
, resulting in a change of +1442.15% in its value.

AKT to ISK

Amount
23:46 today
0.5 AKT
kr406.2
1 AKT
kr812.4
5 AKT
kr4,062.01
10 AKT
kr8,124.02
50 AKT
kr40,620.09
100 AKT
kr81,240.17
500 AKT
kr406,200.86
1000 AKT
kr812,401.72

ISK to AKT

Amount23:46 today
0.5ISK0.0006155  AKT
1ISK0.001231  AKT
5ISK0.006155  AKT
10ISK0.01231  AKT
50ISK0.06155  AKT
100ISK0.1231  AKT
500ISK0.6155  AKT
1000ISK1.23  AKT
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Today vs. 24 hours ago

Amount23:46 today24 hours ago24h change
0.5 AKT$2.94$2.91
+0.95%
1 AKT$5.88$5.82
+0.95%
5 AKT$29.38$29.1
+0.95%
10 AKT$58.75$58.2
+0.95%
50 AKT$293.75$290.99
+0.95%
100 AKT$587.5$581.98
+0.95%
500 AKT$2,937.52$2,909.89
+0.95%
1000 AKT$5,875.05$5,819.78
+0.95%

Today vs. 1 month ago

Amount23:46 today1 month ago1M change
0.5 AKT$2.94$2.03
+44.97%
1 AKT$5.88$4.05
+44.97%
5 AKT$29.38$20.26
+44.97%
10 AKT$58.75$40.53
+44.97%
50 AKT$293.75$202.64
+44.97%
100 AKT$587.5$405.28
+44.97%
500 AKT$2,937.52$2,026.38
+44.97%
1000 AKT$5,875.05$4,052.76
+44.97%
Buy Akash Network for 1 ISK
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Today vs. 1 year ago

Amount23:46 today1 year ago1Y change
0.5 AKT$2.94$0.1908
+1442.15%
1 AKT$5.88$0.3815
+1442.15%
5 AKT$29.38$1.91
+1442.15%
10 AKT$58.75$3.82
+1442.15%
50 AKT$293.75$19.08
+1442.15%
100 AKT$587.5$38.15
+1442.15%
500 AKT$2,937.52$190.76
+1442.15%
1000 AKT$5,875.05$381.53
+1442.15%

Akash Network price prediction

What will the price of AKT be in 2025?

Based on AKT's historical price performance prediction model, the price of AKT is projected to reach $7.71 in 2025.

What will the price of AKT be in 2030?

In 2030, the AKT price is expected to rise by -20.00%. By the end of 2030, the AKT price is projected to reach $14.29, with a cumulative ROI of +143.23%.
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This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Bitget to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Bitget exchange as well as other cryptocurrency exchanges and market data platforms. Bitget may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Bitget is not liable for any errors or delays in content or for any actions taken in reliance on any content.