Icelandic Krona azerbaijani manat exchange rate history (ISK AZN) December 2023

Icelandic Krona azerbaijani manat history for December 2023. The highest quote for this month is 0.012548 (28/12/2023) and the lowest 0.012609 (28/12/2023). The difference between high and low is -0.49.

ISK AZN average rate for December 2023 is 0.01234, the change between 01/12/2023 and 31/12/2023 is -2.02 %.

01 December 2023	1 ISK = 0.0123 AZN
04 December 2023	1 ISK = 0.0123 AZN
05 December 2023	1 ISK = 0.0122 AZN
06 December 2023	1 ISK = 0.0122 AZN
07 December 2023	1 ISK = 0.0122 AZN
08 December 2023	1 ISK = 0.0122 AZN
11 December 2023	1 ISK = 0.0122 AZN
12 December 2023	1 ISK = 0.0122 AZN
13 December 2023	1 ISK = 0.0122 AZN
14 December 2023	1 ISK = 0.0122 AZN
15 December 2023	1 ISK = 0.0124 AZN
18 December 2023	1 ISK = 0.0123 AZN
19 December 2023	1 ISK = 0.0123 AZN
20 December 2023	1 ISK = 0.0124 AZN
21 December 2023	1 ISK = 0.0124 AZN
22 December 2023	1 ISK = 0.0125 AZN
25 December 2023	1 ISK = 0.0125 AZN
26 December 2023	1 ISK = 0.0125 AZN
27 December 2023	1 ISK = 0.0125 AZN
28 December 2023	1 ISK = 0.0126 AZN
29 December 2023	1 ISK = 0.0126 AZN

31/12/2020: Digital Currency Pilot

Azerbaijan launched a pilot program to test the use of a digital currency, the digital manat, in an effort to modernize its financial system.

15/11/2018: New Currency Notes Introduced

Iceland released updated banknotes and coins featuring improved security measures and new designs, modernizing the Krona's physical appearance.

20/12/2017: Second Devaluation

The manat faced another devaluation, this time by around 30%, due to economic challenges and a sharp drop in oil prices.

20/12/2015: Devaluation

The manat was devalued by more than 30% against the US dollar in response to falling oil prices.

15/03/2015: Capital Controls Lifted

Iceland lifted its capital controls, implemented after the financial crisis, allowing for more flexible foreign exchange transactions.

14/11/2010: IMF Loan Approved

Iceland secured a $2.1 billion loan from the International Monetary Fund, stabilizing the Krona and aiding economic recovery.

06/10/2008: Financial Crisis Begins

The collapse of Icelandic banks and subsequent financial crisis severely devalued the Krona, leading to economic turmoil.

20/02/2005: Pegged to US Dollar

The Azerbaijani manat was pegged to the US dollar at a rate of 1.6 manat per dollar.

14/06/2001: Currency Reform

A currency reform was implemented, resulting in a new manat with a higher exchange rate.

31/12/1993: Hyperinflation

Azerbaijan experienced a period of hyperinflation, leading to the devaluation of the manat.

14/08/1992: Introduction of Manat

The Azerbaijani manat currency was introduced as the official currency of Azerbaijan, replacing the Soviet ruble.

05/03/1981: Stock Exchange Established

The Icelandic Stock Exchange was founded, promoting economic growth and affecting the Krona's value.

10/05/1940: Occupation of Iceland

Following the German occupation of Denmark, Iceland became occupied by British forces, impacting the currency's stability.

01/01/1922: Currency Board Established

The Icelandic Krona was introduced under the Danish Krone pegged to 1 Krone = 100 aurar.

Historic Icelandic Krona Azerbaijani manat