Historic Azerbaijani manat Icelandic Krona

Azerbaijani manat icelandic krona history for February 2024. The highest quote for this month is 81.736 (14/02/2024) and the lowest 81.336 (14/02/2024). The difference between high and low is 0.49.

AZN ISK average rate for February 2024 is 80.87476, the change between 01/02/2024 and 29/02/2024 is -0.35 %.

01 February 20241 AZN = 80.59 ISK
02 February 20241 AZN = 79.97 ISK
05 February 20241 AZN = 80.72 ISK
06 February 20241 AZN = 80.96 ISK
07 February 20241 AZN = 80.84 ISK
08 February 20241 AZN = 80.81 ISK
09 February 20241 AZN = 81.01 ISK
12 February 20241 AZN = 80.76 ISK
13 February 20241 AZN = 80.84 ISK
14 February 20241 AZN = 81.53 ISK
15 February 20241 AZN = 81.35 ISK
16 February 20241 AZN = 81.15 ISK
19 February 20241 AZN = 81.02 ISK
20 February 20241 AZN = 81.03 ISK
21 February 20241 AZN = 80.67 ISK
22 February 20241 AZN = 80.80 ISK
23 February 20241 AZN = 80.67 ISK
26 February 20241 AZN = 80.91 ISK
27 February 20241 AZN = 81.01 ISK
28 February 20241 AZN = 80.85 ISK
29 February 20241 AZN = 80.88 ISK

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.
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