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base info Render

Render to Icelandic Króna Converter and calculator

Convert 1Render (RNDR) to Icelandic Króna (ISK) equals kr 1,287.9 | 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 Render(RNDR) to Icelandic Króna(ISK). This is the real-time data. The current conversion shows 1 RNDR at a value of 1 RNDR for 1,287.90 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 Render currency pair is the RNDR to ISK, with for Render's currency code being RNDR. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for ISK.

RNDR to ISK conversion rate trend

1D7D1M3M1YAll
In the past 1D, Render has changed -1.35% to ISK. Based on the trend and price charts, Render(RNDR) has changed -1.35% to ISK while Icelandic Króna(ISK) has changed % to RNDR in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
kr1,288.66
0.0001% / 0.0004%vip-iconVIP
Binance
kr1,290.14
0.1000% / 0.1000%
Yes
Coinbase Exchange
kr1,289.25
0.1000% / 0.1000%
Yes
OKX
kr1,290
0.080% / 0.100%
Yes
Huobi
kr1,287.19
0.1000% / 0.1000%
Yes
Gate.io
kr1,290.85
0.1000% / 0.1000%
Yes
Bybit
kr1,287.7
0.1000% / 0.1000%
Yes
KuCoin
kr1,290.13
0.1000% / 0.1000%
Yes
Last updated 2024/04/23 07:00:31(UTC+0)

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

Render to Icelandic Króna is rising this week.
Render's current market price is kr 1,287.9 per RNDR, with a total market cap of kr 495,162,142,058.5 ISK based on a circulating supply of 384,472,320 RNDR. The trading volume of Render has changed by +1.09% (kr 268,621,085.16 ISK) in the last 24 hours. Last trading day, RNDR's trading volume was kr 24,755,422,095.58.
Market cap
$3.51B
24h volume
$177.22M
Circulating supply
384.47M RNDR

Conversion tables

The exchange rate of Render is decreasing.
1 RNDR is currently valued at kr 1,287.9 ISK , which means buying 5 RNDR will cost kr 6,439.5 ISK . Similarly, kr1 ISK can be traded for 0.0007765 RNDR, and kr50 ISK can be converted to 0.03882 RNDR, excluding any platform or gas fees.
The exchange rate of 1 RNDR to Icelandic Króna has changed by +7.81% in the last 7 days. In the last 24 hours, the rate has fluctuated by -1.35%, reaching a high of 1,346.25 ISK and a low of 1,283.92 ISK . One month ago, the value of 1 RNDR was kr 1,494.86 ISK , which represents a -13.84% change from its current value. Over the last year, Render has changed by
+kr
55.94ISK
, resulting in a change of +427.17% in its value.

RNDR to ISK

Amount
07:24 am today
0.5 RNDR
kr643.95
1 RNDR
kr1,287.9
5 RNDR
kr6,439.5
10 RNDR
kr12,879.01
50 RNDR
kr64,395.03
100 RNDR
kr128,790.06
500 RNDR
kr643,950.3
1000 RNDR
kr1,287,900.59

ISK to RNDR

Amount07:24 am today
0.5ISK0.0003882  RNDR
1ISK0.0007765  RNDR
5ISK0.003882  RNDR
10ISK0.007765  RNDR
50ISK0.03882  RNDR
100ISK0.07765  RNDR
500ISK0.3882  RNDR
1000ISK0.7765  RNDR
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Today vs. 24 hours ago

Amount07:24 am today24 hours ago24h change
0.5 RNDR$4.56$4.62
-1.35%
1 RNDR$9.12$9.25
-1.35%
5 RNDR$45.61$46.23
-1.35%
10 RNDR$91.21$92.46
-1.35%
50 RNDR$456.06$462.31
-1.35%
100 RNDR$912.11$924.63
-1.35%
500 RNDR$4,560.55$4,623.14
-1.35%
1000 RNDR$9,121.11$9,246.28
-1.35%

Today vs. 1 month ago

Amount07:24 am today1 month ago1M change
0.5 RNDR$4.56$5.29
-13.84%
1 RNDR$9.12$10.59
-13.84%
5 RNDR$45.61$52.93
-13.84%
10 RNDR$91.21$105.87
-13.84%
50 RNDR$456.06$529.34
-13.84%
100 RNDR$912.11$1,058.69
-13.84%
500 RNDR$4,560.55$5,293.43
-13.84%
1000 RNDR$9,121.11$10,586.86
-13.84%

Today vs. 1 year ago

Amount07:24 am today1 year ago1Y change
0.5 RNDR$4.56$0.8625
+427.17%
1 RNDR$9.12$1.72
+427.17%
5 RNDR$45.61$8.62
+427.17%
10 RNDR$91.21$17.25
+427.17%
50 RNDR$456.06$86.25
+427.17%
100 RNDR$912.11$172.49
+427.17%
500 RNDR$4,560.55$862.46
+427.17%
1000 RNDR$9,121.11$1,724.91
+427.17%

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.