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NEAR Protocol to Icelandic Króna Converter and calculator

Convert 1NEAR Protocol (NEAR) to Icelandic Króna (ISK) equals kr 742.95 | 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 NEAR Protocol currency pair is the NEAR to ISK, with for NEAR Protocol's currency code being NEAR. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for ISK.

NEAR to ISK conversion rate trend

1D7D1M3M1YAll
In the past 1D, NEAR Protocol has changed -1.50% to ISK. Based on the trend and price charts, NEAR Protocol(NEAR) has changed -1.50% to ISK while Icelandic Króna(ISK) has changed % to NEAR in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
kr771.46
0.0001% / 0.0004%vip-iconVIP
Binance
kr770.2
0.1000% / 0.1000%
Yes
Coinbase Exchange
kr765.4
0.1000% / 0.1000%
Yes
OKX
kr769.64
0.080% / 0.100%
Yes
Huobi
kr769.96
0.1000% / 0.1000%
Yes
Gate.io
kr770.06
0.1000% / 0.1000%
Yes
Bybit
kr771.35
0.1000% / 0.1000%
Yes
KuCoin
kr770.27
0.1000% / 0.1000%
Yes
Bitfinex
kr769.2
0.1000% / 0.1000%
Yes
Last updated 2024/04/19 02:00:35(UTC+0)

What factors influence the conversion rate of NEAR Protocol to Icelandic Króna?

NEAR Protocol to Icelandic Króna is falling this week.
NEAR Protocol's current market price is kr 742.95 per NEAR, with a total market cap of kr 790,362,538,799.4 ISK based on a circulating supply of 1,063,817,500 NEAR. The trading volume of NEAR Protocol has changed by -16.07% (kr -15,418,816,748.89 ISK) in the last 24 hours. Last trading day, NEAR's trading volume was kr 95,933,505,567.86.
Market cap
$5.59B
24h volume
$569.93M
Circulating supply
1.06B NEAR

Conversion tables

The exchange rate of NEAR Protocol is decreasing.
1 NEAR is currently valued at kr 742.95 ISK , which means buying 5 NEAR will cost kr 3,714.75 ISK . Similarly, kr1 ISK can be traded for 0.001346 NEAR, and kr50 ISK can be converted to 0.06730 NEAR, excluding any platform or gas fees.
The exchange rate of 1 NEAR to Icelandic Króna has changed by -23.29% in the last 7 days. In the last 24 hours, the rate has fluctuated by -1.50%, reaching a high of 830.42 ISK and a low of 740.2 ISK . One month ago, the value of 1 NEAR was kr 878.09 ISK , which represents a -15.39% change from its current value. Over the last year, NEAR Protocol has changed by
+kr
13.74ISK
, resulting in a change of +143.22% in its value.

NEAR to ISK

Amount
02:34 am today
0.5 NEAR
kr371.47
1 NEAR
kr742.95
5 NEAR
kr3,714.75
10 NEAR
kr7,429.49
50 NEAR
kr37,147.47
100 NEAR
kr74,294.93
500 NEAR
kr371,474.67
1000 NEAR
kr742,949.34

ISK to NEAR

Amount02:34 am today
0.5ISK0.0006730  NEAR
1ISK0.001346  NEAR
5ISK0.006730  NEAR
10ISK0.01346  NEAR
50ISK0.06730  NEAR
100ISK0.1346  NEAR
500ISK0.6730  NEAR
1000ISK1.35  NEAR
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Today vs. 24 hours ago

Amount02:34 am today24 hours ago24h change
0.5 NEAR$2.63$2.67
-1.50%
1 NEAR$5.26$5.34
-1.50%
5 NEAR$26.3$26.7
-1.50%
10 NEAR$52.59$53.39
-1.50%
50 NEAR$262.95$266.96
-1.50%
100 NEAR$525.91$533.91
-1.50%
500 NEAR$2,629.54$2,669.56
-1.50%
1000 NEAR$5,259.07$5,339.13
-1.50%

Today vs. 1 month ago

Amount02:34 am today1 month ago1M change
0.5 NEAR$2.63$3.11
-15.39%
1 NEAR$5.26$6.22
-15.39%
5 NEAR$26.3$31.08
-15.39%
10 NEAR$52.59$62.16
-15.39%
50 NEAR$262.95$310.78
-15.39%
100 NEAR$525.91$621.57
-15.39%
500 NEAR$2,629.54$3,107.83
-15.39%
1000 NEAR$5,259.07$6,215.66
-15.39%

Today vs. 1 year ago

Amount02:34 am today1 year ago1Y change
0.5 NEAR$2.63$1.08
+143.22%
1 NEAR$5.26$2.16
+143.22%
5 NEAR$26.3$10.81
+143.22%
10 NEAR$52.59$21.62
+143.22%
50 NEAR$262.95$108.09
+143.22%
100 NEAR$525.91$216.18
+143.22%
500 NEAR$2,629.54$1,080.9
+143.22%
1000 NEAR$5,259.07$2,161.81
+143.22%

FAQ

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.