Historic Kyrgyzstani som Icelandic Krona

Kyrgyzstani som icelandic krona history for July 2023. The highest quote for this month is 1.5641 (04/07/2023) and the lowest 1.5592 (04/07/2023). The difference between high and low is 0.31.

KGS ISK average rate for July 2023 is 1.51408, the change between 01/07/2023 and 31/07/2023 is +3.99 %.

04 July 20231 KGS = 1.558 ISK
24 July 20231 KGS = 1.494 ISK
28 July 20231 KGS = 1.509 ISK
31 July 20231 KGS = 1.496 ISK

01/01/2022: Transition to Central Bank of Russia Currency

Kyrgyzstan joined the Eurasian Economic Union and adopted the Russian ruble as its official currency, replacing the Kyrgyzstani Som.

13/03/2020: COVID-19 Pandemic Effects

The COVID-19 pandemic caused economic disruptions and uncertainty, affecting the Kyrgyzstani Som's exchange rate.

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.

15/03/2015: Capital Controls Lifted

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

20/05/2014: Kazakhstani Tenge Devaluation

Kazakhstan devalued its currency, the tenge, which had a significant impact on the Kyrgyzstani Som, leading to its depreciation.

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.

07/04/2010: Protests and Political Unrest

Large-scale protests and political unrest erupted in Kyrgyzstan, causing instability and impacting the value of the Som.

01/12/2008: Global Financial Crisis Impact

The global financial crisis led to a sharp depreciation of the Kyrgyzstani Som, affecting the country's economy.

06/10/2008: Financial Crisis Begins

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

01/11/1995: Introduction of New Som

The Kyrgyzstani government introduced the new som, with 1 new som being equivalent to 200 old som.

10/05/1993: Introduction of the Kyrgyzstani Som

The Kyrgyzstani Som was introduced as the official currency of Kyrgyzstan, 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.