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Shiba Inu to Icelandic Króna Converter and calculator

Convert 1Shiba Inu (SHIB) to Icelandic Króna (ISK) equals kr 0.003119 | 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 Shiba Inu currency pair is the SHIB to ISK, with for Shiba Inu's currency code being SHIB. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for ISK.

SHIB to ISK conversion rate trend

1D7D1M3M1YAll
In the past 1D, Shiba Inu has changed -9.16% to ISK. Based on the trend and price charts, Shiba Inu(SHIB) has changed -9.16% to ISK while Icelandic Króna(ISK) has changed % to SHIB in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
kr0.003042
0.0001% / 0.0004%vip-iconVIP
Binance
kr0.003048
0.1000% / 0.1000%
Yes
Coinbase Exchange
kr0.003049
0.1000% / 0.1000%
Yes
Kraken
kr0.003049
0.1000% / 0.1000%
Yes
OKX
kr0.003045
0.080% / 0.100%
Yes
Huobi
kr0.003044
0.1000% / 0.1000%
Yes
Gate.io
kr0.003046
0.1000% / 0.1000%
Yes
Bybit
kr0.003046
0.1000% / 0.1000%
Yes
KuCoin
kr0.003042
0.1000% / 0.1000%
Yes
Bitfinex
kr0.003053
0.1000% / 0.1000%
Yes
Last updated 2024/04/14 16:00:35(UTC+0)

What factors influence the conversion rate of Shiba Inu to Icelandic Króna?

Shiba Inu to Icelandic Króna is falling this week.
Shiba Inu's current market price is kr 0.003119 per SHIB, with a total market cap of kr 1,837,924,175,920.69 ISK based on a circulating supply of 589,289,440,000,000 SHIB. The trading volume of Shiba Inu has changed by -18.79% (kr -60,711,320,276.25 ISK) in the last 24 hours. Last trading day, SHIB's trading volume was kr 323,114,736,373.97.
Market cap
$13.08B
24h volume
$1.87B
Circulating supply
589.29T SHIB

Conversion tables

The exchange rate of Shiba Inu is decreasing.
1 SHIB is currently valued at kr 0.003119 ISK , which means buying 5 SHIB will cost kr 0.01559 ISK . Similarly, kr1 ISK can be traded for 320.63 SHIB, and kr50 ISK can be converted to 16,031.39 SHIB, excluding any platform or gas fees.
The exchange rate of 1 SHIB to Icelandic Króna has changed by -23.19% in the last 7 days. In the last 24 hours, the rate has fluctuated by -9.16%, reaching a high of 0.003377 ISK and a low of 0.002604 ISK . One month ago, the value of 1 SHIB was kr 0.004061 ISK , which represents a -23.22% change from its current value. Over the last year, Shiba Inu has changed by
+kr
0.001528ISK
, resulting in a change of +96.20% in its value.

SHIB to ISK

Amount
16:42 today
0.5 SHIB
kr0.001559
1 SHIB
kr0.003119
5 SHIB
kr0.01559
10 SHIB
kr0.03119
50 SHIB
kr0.1559
100 SHIB
kr0.3119
500 SHIB
kr1.56
1000 SHIB
kr3.12

ISK to SHIB

Amount16:42 today
0.5ISK160.31  SHIB
1ISK320.63  SHIB
5ISK1,603.14  SHIB
10ISK3,206.28  SHIB
50ISK16,031.39  SHIB
100ISK32,062.77  SHIB
500ISK160,313.86  SHIB
1000ISK320,627.71  SHIB
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Today vs. 24 hours ago

Amount16:42 today24 hours ago24h change
0.5 SHIB$0.{4}1110$0.{4}1222
-9.16%
1 SHIB$0.{4}2220$0.{4}2443
-9.16%
5 SHIB$0.0001110$0.0001222
-9.16%
10 SHIB$0.0002220$0.0002443
-9.16%
50 SHIB$0.001110$0.001222
-9.16%
100 SHIB$0.002220$0.002443
-9.16%
500 SHIB$0.01110$0.01222
-9.16%
1000 SHIB$0.02220$0.02443
-9.16%

Today vs. 1 month ago

Amount16:42 today1 month ago1M change
0.5 SHIB$0.{4}1110$0.{4}1445
-23.22%
1 SHIB$0.{4}2220$0.{4}2890
-23.22%
5 SHIB$0.0001110$0.0001445
-23.22%
10 SHIB$0.0002220$0.0002890
-23.22%
50 SHIB$0.001110$0.001445
-23.22%
100 SHIB$0.002220$0.002890
-23.22%
500 SHIB$0.01110$0.01445
-23.22%
1000 SHIB$0.02220$0.02890
-23.22%

Today vs. 1 year ago

Amount16:42 today1 year ago1Y change
0.5 SHIB$0.{4}1110$0.{5}5662
+96.20%
1 SHIB$0.{4}2220$0.{4}1132
+96.20%
5 SHIB$0.0001110$0.{4}5662
+96.20%
10 SHIB$0.0002220$0.0001132
+96.20%
50 SHIB$0.001110$0.0005662
+96.20%
100 SHIB$0.002220$0.001132
+96.20%
500 SHIB$0.01110$0.005662
+96.20%
1000 SHIB$0.02220$0.01132
+96.20%

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.