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Toncoin to Icelandic Króna Converter and calculator

Convert 1Toncoin (TON) to Icelandic Króna (ISK) equals kr 886.67 | 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 Toncoin currency pair is the TON to ISK, with for Toncoin's currency code being TON. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for ISK.

TON to ISK conversion rate trend

1D7D1M3M1YAll
In the past 1D, Toncoin has changed -6.58% to ISK. Based on the trend and price charts, Toncoin(TON) has changed -6.58% to ISK while Icelandic Króna(ISK) has changed % to TON in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
kr892.3
0.0001% / 0.0004%vip-iconVIP
OKX
kr892.02
0.080% / 0.100%
Yes
Huobi
kr892.11
0.1000% / 0.1000%
Yes
Gate.io
kr914.22
0.1000% / 0.1000%
Yes
Bybit
kr892.26
0.1000% / 0.1000%
Yes
KuCoin
kr893.13
0.1000% / 0.1000%
Yes
Bitfinex
kr894.54
0.1000% / 0.1000%
Yes
Last updated 2024/04/14 14:00:51(UTC+0)

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

Toncoin to Icelandic Króna is rising this week.
Toncoin's current market price is kr 886.67 per TON, with a total market cap of kr 3,077,465,521,420.52 ISK based on a circulating supply of 3,470,802,400 TON. The trading volume of Toncoin has changed by +9.11% (kr 10,984,855,542.8 ISK) in the last 24 hours. Last trading day, TON's trading volume was kr 120,621,238,212.84.
Market cap
$21.90B
24h volume
$936.56M
Circulating supply
3.47B TON

Conversion tables

The exchange rate of Toncoin is increasing.
1 TON is currently valued at kr 886.67 ISK , which means buying 5 TON will cost kr 4,433.36 ISK . Similarly, kr1 ISK can be traded for 0.001128 TON, and kr50 ISK can be converted to 0.05639 TON, excluding any platform or gas fees.
The exchange rate of 1 TON to Icelandic Króna has changed by +17.68% in the last 7 days. In the last 24 hours, the rate has fluctuated by -6.58%, reaching a high of 948.05 ISK and a low of 752.27 ISK . One month ago, the value of 1 TON was kr 546.32 ISK , which represents a +62.30% change from its current value. Over the last year, Toncoin has changed by
+kr
134.28ISK
, resulting in a change of +168.01% in its value.

TON to ISK

Amount
14:33 today
0.5 TON
kr443.34
1 TON
kr886.67
5 TON
kr4,433.36
10 TON
kr8,866.73
50 TON
kr44,333.63
100 TON
kr88,667.27
500 TON
kr443,336.34
1000 TON
kr886,672.68

ISK to TON

Amount14:33 today
0.5ISK0.0005639  TON
1ISK0.001128  TON
5ISK0.005639  TON
10ISK0.01128  TON
50ISK0.05639  TON
100ISK0.1128  TON
500ISK0.5639  TON
1000ISK1.13  TON
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Today vs. 24 hours ago

Amount14:33 today24 hours ago24h change
0.5 TON$3.15$3.38
-6.58%
1 TON$6.31$6.75
-6.58%
5 TON$31.55$33.77
-6.58%
10 TON$63.1$67.54
-6.58%
50 TON$315.5$337.71
-6.58%
100 TON$630.99$675.42
-6.58%
500 TON$3,154.97$3,377.08
-6.58%
1000 TON$6,309.94$6,754.17
-6.58%

Today vs. 1 month ago

Amount14:33 today1 month ago1M change
0.5 TON$3.15$1.94
+62.30%
1 TON$6.31$3.89
+62.30%
5 TON$31.55$19.44
+62.30%
10 TON$63.1$38.88
+62.30%
50 TON$315.5$194.39
+62.30%
100 TON$630.99$388.79
+62.30%
500 TON$3,154.97$1,943.93
+62.30%
1000 TON$6,309.94$3,887.86
+62.30%

Today vs. 1 year ago

Amount14:33 today1 year ago1Y change
0.5 TON$3.15$1.18
+168.01%
1 TON$6.31$2.35
+168.01%
5 TON$31.55$11.77
+168.01%
10 TON$63.1$23.54
+168.01%
50 TON$315.5$117.72
+168.01%
100 TON$630.99$235.43
+168.01%
500 TON$3,154.97$1,177.16
+168.01%
1000 TON$6,309.94$2,354.32
+168.01%

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.