Historic North Korean won Icelandic Krona

North Korean won icelandic krona history for January 2024. The highest quote for this month is 0.15338 (05/01/2024) and the lowest 0.15239 (03/01/2024). The difference between high and low is 0.65.

KPW ISK average rate for January 2024 is 0.15181, the change between 01/01/2024 and 31/01/2024 is -0.56 %.

01 January 20241 KPW = 0.1508 ISK
02 January 20241 KPW = 0.1508 ISK
03 January 20241 KPW = 0.1527 ISK
04 January 20241 KPW = 0.1529 ISK
05 January 20241 KPW = 0.1524 ISK
08 January 20241 KPW = 0.1528 ISK
09 January 20241 KPW = 0.1526 ISK
10 January 20241 KPW = 0.1524 ISK
11 January 20241 KPW = 0.1514 ISK
12 January 20241 KPW = 0.1515 ISK
15 January 20241 KPW = 0.1516 ISK
16 January 20241 KPW = 0.1512 ISK
17 January 20241 KPW = 0.1522 ISK
18 January 20241 KPW = 0.1523 ISK
19 January 20241 KPW = 0.1524 ISK
22 January 20241 KPW = 0.1515 ISK
23 January 20241 KPW = 0.1514 ISK
24 January 20241 KPW = 0.1514 ISK
25 January 20241 KPW = 0.1507 ISK
26 January 20241 KPW = 0.1514 ISK
29 January 20241 KPW = 0.1517 ISK
30 January 20241 KPW = 0.1520 ISK
31 January 20241 KPW = 0.1516 ISK

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.

01/07/2013: Exchange rate unification

North Korea unifies the official exchange rate and market rate, resulting in a significant depreciation of the won.

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.

30/11/2009: Currency revaluation

North Korean government announces a currency revaluation, replacing the old won notes at a ratio of 1 for 100.

06/10/2008: Financial Crisis Begins

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

01/12/2001: Currency redenomination

North Korean won is redenominated, with the previous notes and coins being replaced by new ones at a ratio of 1 for 1,000.

25/02/1992: Introducing foreign exchange certificates

North Korea introduces foreign exchange certificates to counter hyperinflation and stabilize its economy.

05/03/1981: Stock Exchange Established

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

06/12/1979: Second major revaluation

North Korean won undergoes its second major revaluation, with the exchange rate being set at 1 for 10.

31/12/1959: First major revaluation

North Korean won undergoes its first major revaluation, with the exchange rate being set at 1 for 100.

06/12/1947: Introduction of North Korean won

North Korean won is introduced as the official currency of North Korea, replacing the Korean yen at par 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.
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