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Litecoin to Icelandic Króna Converter and calculator

Convert 1Litecoin (LTC) to Icelandic Króna (ISK) equals kr 10,891.94 | Bitget

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 Litecoin currency pair is the LTC to ISK, with for Litecoin's currency code being LTC. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for ISK.

LTC to ISK conversion rate trend

In the past 1D, Litecoin has changed +6.06% to ISK. Based on the trend and price charts, Litecoin(LTC) has changed +6.06% to ISK while Icelandic Króna(ISK) has changed % to LTC in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
0.0001% / 0.0004%vip-iconVIP
0.1000% / 0.1000%
0.1000% / 0.1000%
0.080% / 0.100%
0.1000% / 0.1000%
0.1000% / 0.1000%
0.1000% / 0.1000%
0.1000% / 0.1000%
0.1000% / 0.1000%
Last updated 2024/04/14 20:00:33(UTC+0)

What factors influence the conversion rate of Litecoin to Icelandic Króna?

Litecoin to Icelandic Króna is falling this week.
Litecoin's current market price is kr 10,891.94 per LTC, with a total market cap of kr 810,606,533,658.22 ISK based on a circulating supply of 74,422,616 LTC. The trading volume of Litecoin has changed by +5.05% (kr 6,984,323,642.96 ISK) in the last 24 hours. Last trading day, LTC's trading volume was kr 138,245,950,059.55.
Market cap
24h volume
Circulating supply
74.42M LTC

Conversion tables

The exchange rate of Litecoin is decreasing.
1 LTC is currently valued at kr 10,891.94 ISK , which means buying 5 LTC will cost kr 54,459.7 ISK . Similarly, kr1 ISK can be traded for 0.{4}9181 LTC, and kr50 ISK can be converted to 0.004591 LTC, excluding any platform or gas fees.
The exchange rate of 1 LTC to Icelandic Króna has changed by -23.40% in the last 7 days. In the last 24 hours, the rate has fluctuated by +6.06%, reaching a high of 11,274.28 ISK and a low of 10,020.73 ISK . One month ago, the value of 1 LTC was kr 12,424.38 ISK , which represents a -12.33% change from its current value. Over the last year, Litecoin has changed by
, resulting in a change of -19.53% in its value.


20:30 today
0.5 LTC
10 LTC
50 LTC
100 LTC
500 LTC
1000 LTC


Amount20:30 today
0.5ISK0.{4}4591  LTC
1ISK0.{4}9181  LTC
5ISK0.0004591  LTC
10ISK0.0009181  LTC
50ISK0.004591  LTC
100ISK0.009181  LTC
500ISK0.04591  LTC
1000ISK0.09181  LTC

Today vs. 24 hours ago

Amount20:30 today24 hours ago24h change
0.5 LTC$38.76$36.54
1 LTC$77.51$73.08
5 LTC$387.56$365.42
10 LTC$775.12$730.85
50 LTC$3,875.58$3,654.24
100 LTC$7,751.17$7,308.48
500 LTC$38,755.83$36,542.38
1000 LTC$77,511.66$73,084.75

Today vs. 1 month ago

Amount20:30 today1 month ago1M change
0.5 LTC$38.76$44.21
1 LTC$77.51$88.42
5 LTC$387.56$442.09
10 LTC$775.12$884.17
50 LTC$3,875.58$4,420.86
100 LTC$7,751.17$8,841.72
500 LTC$38,755.83$44,208.58
1000 LTC$77,511.66$88,417.17

Today vs. 1 year ago

Amount20:30 today1 year ago1Y change
0.5 LTC$38.76$48.17
1 LTC$77.51$96.33
5 LTC$387.56$481.66
10 LTC$775.12$963.32
50 LTC$3,875.58$4,816.62
100 LTC$7,751.17$9,633.24
500 LTC$38,755.83$48,166.19
1000 LTC$77,511.66$96,332.38


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