ISK · ISK
Icelandic króna (ISK)
The Icelandic króna (ISK) is the official currency of Iceland. This page provides an overview of its history, features, and role in the economy.
Convert this currency
Converted amount
0.0081 USD
Exchange rate
1 ISK = 0.008123 USD
Updated
8/9/2026 12:00 AM
Source
ApiForex Managed Source 3
ISK · Icelandic króna
Icelandic Króna (ISK): Overview and History
The Icelandic króna (ISK) is the official currency of Iceland, issued by the Central Bank of Iceland. The currency's name derives from the word 'crown,' and it is subdivided into 100 aurar, although coins in aurar are no longer in circulation. The króna has been the country's currency since 1885, replacing the Danish rigsdaler.
Iceland's economy is small and open, heavily reliant on fisheries, tourism, and renewable energy. The króna is known for its volatility, partly due to the country's small size and susceptibility to external shocks. In response to economic challenges, Iceland has implemented capital controls in the past, but these have been largely lifted in recent years.
The Central Bank of Iceland manages monetary policy, aiming for price stability and financial stability. Banknotes are issued in denominations of 500, 1000, 2000, 5000, and 10,000 krónur, each featuring prominent Icelandic figures and landscapes. Coins are available in 1, 5, 10, 50, and 100 krónur.
For travelers and businesses, understanding the ISK is essential when engaging with Iceland's economy. While the currency is not widely traded internationally, it plays a crucial role in domestic transactions. As with any currency, exchange rates fluctuate based on market conditions, and it is advisable to check current rates before making financial decisions.
- Code
- ISK
- Symbol
- ISK
- Current rate
- USD / ISK
Currency information
Last updated · 8/7/2026
The Icelandic króna was introduced in 1885, replacing the Danish krone.
- Official name
- Icelandic króna
- Legal tender status
- Legal tender in Iceland
- Decimal places
- 0
- Minor unit
- eyrir · 1 ISK = 100 eyrir
- Countries
- Iceland
- Issuing authority
- Central Bank of Iceland
- Central bank
- Central Bank of Iceland · Official website
- Exchange-rate regime
- Floating exchange rate
Common banknotes
500 kr · 1000 kr · 2000 kr · 5000 kr · 10000 kr
Common coins
1 kr · 5 kr · 10 kr · 50 kr · 100 kr
Also known as
ISK · króna · Icelandic króna · kr
Practical notes
- The Icelandic króna is the official currency of Iceland.
- Banknotes are issued in denominations of 500, 1000, 2000, 5000, and 10000 krónur.
- Coins are issued in denominations of 1, 5, 10, 50, and 100 krónur.
Priority currency pairs
The most useful conversions for this currency.
Icelandic króna questions
What is the ISK exchange rate?
The displayed rate is the latest available reference rate for USD/ISK. It can change throughout the day.
How can I convert ISK online?
Use the converter above to calculate indicative amounts between ISK and the other supported currencies.