ISK - Icelandic Krona currency

Iceland flag Iceland

The Icelandic Króna (ISK) is the official currency of Iceland, issued by the Central Bank of Iceland. First introduced in 1885, it has undergone several transformations, including redenominations and changes in monetary policy. Unlike many European countries, Iceland chose not to adopt the euro, maintaining its sovereign currency. The króna is a freely floating currency, and its value is highly volatile due to Iceland's small, open economy, which is heavily reliant on fisheries, tourism, and renewable energy. The ISK is subdivided into 100 aurar, though aurar coins are no longer in circulation. Banknotes range from ISK 500 to ISK 10,000, while coins include ISK 1 to ISK 100 denominations.

ISK - Icelandic Krona profile

Symbol kr
ISO 4217 Code ISK
Central Bank Central Bank of Iceland
Nicknames Króna
Countries using this currency Iceland

ISK - Icelandic Krona
live currency rates

Last updated:
Exchange rates here are informational, reflecting mid-market rates which fluctuate regularly. For an estimation of the rates offered by Instarem, please check our currency conversion calculator at the time of transfer.

Our latest articles

How to Send Money to Nepal’s PM Disaster Relief Fund Safely
Money know-how Remittance

How to Send Money to Nepal’s PM Disaster Relief Fund Safely

This article covers: Key TakeawaysWhy This Guide Exists: The August 2026 Nepal Floods and the…

InstaPoints Are Back to Cashback — Plus Miles and Transfer Discounts 
Money know-how Remittance

InstaPoints Are Back to Cashback — Plus Miles and Transfer Discounts 

The Customer ID, SWIFT details, and comments-field wording HDFC needs to book your FCNR…

The amaze Referral Program, Explained: How to get 25 SGD for each party
Money know-how Remittance

The amaze Referral Program, Explained: How to get 25 SGD for each party

The Customer ID, SWIFT details, and comments-field wording HDFC needs to book your FCNR…

Meet the New amaze: Best Rates, More Rewards, Ultimate Convenience — No Trade-Offs 
Money know-how Remittance

Meet the New amaze: Best Rates, More Rewards, Ultimate Convenience — No Trade-Offs 

The Customer ID, SWIFT details, and comments-field wording HDFC needs to book your FCNR…

Streamlining acceptance of overseas payments for Techfly Solution, an Indian online wholesale distributor
Customer stories

Streamlining acceptance of overseas payments for Techfly Solution, an Indian online wholesale distributor

Instarem allows Techfly Solution to accept international payments in foreign currencies as if they were…

Enabling seamless cross-border transactions for AECC Global, an education consultancy
Customer stories

Enabling seamless cross-border transactions for AECC Global, an education consultancy

In light of COVID-19, education consultancies see an increasing need for fast and secure…

How Jtron used Instarem to save 50% on bank fees for cross border transactions
Customer stories

How Jtron used Instarem to save 50% on bank fees for cross border transactions

Jtron, a large-scale operation with international dealings, use Instarem to save 50% on bank…

Here’s how Instarem is helping VA Platinum, a virtual assistant provider in the Philippines, save on cross-border payments
Customer stories

Here’s how Instarem is helping VA Platinum, a virtual assistant provider in the Philippines, save on cross-border payments

Instarem is enabling VA Platinum to facilitate cost-effective and timely international payments at a…

Fast-tracking cross-border payments for Watchmen, a luxury watch purveyor
Customer stories

Fast-tracking cross-border payments for Watchmen, a luxury watch purveyor

Here’s how Watchmen is able to achieve cost-efficient and instant fund transfers with…

How Instarem helped this HR management system company save 25% in cross border transactions
Customer stories

How Instarem helped this HR management system company save 25% in cross border transactions

For HR TAG, switching to an intuitive and efficient payment platform like Instarem proved to…

Disclaimer: All information in this article is provided for general knowledge and educational use only. It should not be considered legal, tax, or financial advice. We recommend contacting a licensed expert in your area for assistance with specific concerns.

close icon

Change location and language

You are on our United States of America website. Select below to change to another location.