Historic Indian Rupee Icelandic Krona

Indian Rupee icelandic krona history for January 2024. The highest quote for this month is 1.6577 (05/01/2024) and the lowest 1.6654 (23/01/2024). The difference between high and low is -0.46.

INR ISK average rate for January 2024 is 1.64353, the change between 01/01/2024 and 31/01/2024 is -0.73 %.

01 January 20241 INR = 1.630 ISK
02 January 20241 INR = 1.631 ISK
03 January 20241 INR = 1.650 ISK
04 January 20241 INR = 1.652 ISK
05 January 20241 INR = 1.648 ISK
08 January 20241 INR = 1.653 ISK
09 January 20241 INR = 1.654 ISK
10 January 20241 INR = 1.650 ISK
11 January 20241 INR = 1.641 ISK
12 January 20241 INR = 1.642 ISK
15 January 20241 INR = 1.646 ISK
16 January 20241 INR = 1.642 ISK
17 January 20241 INR = 1.648 ISK
18 January 20241 INR = 1.648 ISK
19 January 20241 INR = 1.649 ISK
22 January 20241 INR = 1.640 ISK
23 January 20241 INR = 1.639 ISK
24 January 20241 INR = 1.638 ISK
25 January 20241 INR = 1.632 ISK
26 January 20241 INR = 1.639 ISK
29 January 20241 INR = 1.643 ISK
30 January 20241 INR = 1.645 ISK
31 January 20241 INR = 1.642 ISK

24/03/2020: COVID-19 Impact on Indian Rupee

The global COVID-19 pandemic caused significant volatility in the Indian Rupee exchange rate, leading to depreciation against major international currencies.

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.

08/11/2016: Demonetization

The Indian government announced the demonetization of ₹500 and ₹1,000 banknotes, requiring individuals to exchange or deposit their old currency notes at banks.

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.

03/07/2007: Indian Rupee Symbol

The Indian Rupee was given its own unique symbol ₹, representing the integration of the Indian Rupee into the global currency landscape.

21/06/1991: Liberalization of Indian Economy

India initiated economic reforms, including the liberalization of foreign exchange controls. This led to the beginning of the exchange rate regime reforms for the Indian Rupee.

05/03/1981: Stock Exchange Established

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

24/06/1957: Decimalization of Indian Rupee

The Indian Rupee was decimalized, dividing it into 100 paise. This change simplified the currency system and introduced a uniform monetary system across the country.

15/08/1947: Indian Independence

India gained independence from British rule, leading to the establishment of the Reserve Bank of India as the central bank and the Indian Rupee as the official currency.

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.

01/01/1862: Introduction of Indian Rupee

Indian Rupee was introduced by the British government as the official currency of British India. It replaced various local and foreign currencies that were in circulation.