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Icelandic Krona (kr)

The Icelandic Króna (ISK, ISO 4217 code 352, symbol kr) is the official currency of Iceland, issued by the Central Bank of Iceland (Seðlabanki Íslands, est. 1961). Subdivided into 100 aurar (singular: eyrir, plural: aurar — no longer in circulation since 2003). Banknotes: kr500 (poetess Jónas Hallgrímsson), kr1,000 (Bishop Brynjólfur Sveinsson), kr2,000 (painter Jóhannes Sveinsson Kjarval), kr5,000 (suffragist Ragnheiður Jónsdóttir), kr10,000 (poet Jónas Hallgrímsson, introduced October 2013 — the highest denomination); coins: kr1, kr5, kr10, kr50, kr100. The króna was famously the only OECD national currency to declare formal default during the Global Financial Crisis — Iceland's three largest banks (Glitnir, Landsbanki, Kaupthing) collapsed October 2008, ISK lost ~50% of its value, and Iceland imposed capital controls (lifted gradually 2016-2017). Iceland is not in the EU (twice rejected EU accession — 2002 referendum, 2013 accession freeze under PM Gunnlaugsson) and uses ISK as its sole legal tender. The Seðlabanki targets 2.5% CPI inflation per the Inflation-Targeting framework adopted March 2001. Iceland has ~390,000 population and is one of the world's wealthiest per-capita nations.

Reviewed by Christopher FloiedUpdated

The Icelandic Krona (kr) is a unit of currency used in scientific, engineering, and practical contexts. Unit standardization in the field of currency has evolved over centuries as international scientific bodies and engineering organizations developed consistent measurement frameworks. The International System of Units (SI) provides the modern foundation for most technical measurements, though legacy units from national and industrial traditions continue to be used alongside SI units in many fields. The Icelandic Krona is precisely defined to ensure consistent, reproducible measurements across laboratories and industries worldwide.

Accurate currency measurement is critical in engineering, science, commerce, and everyday life. Using the correct unit and applying conversions precisely prevents errors that can be costly or dangerous in professional applications. MegaCalc provides instant, precise conversions for the Icelandic Krona and all related units so you can work confidently across unit systems.

Conversions Involving Icelandic Krona

US DollarIcelandic Krona

$kr

EuroIcelandic Krona

kr

British PoundIcelandic Krona

£kr

Japanese YenIcelandic Krona

¥kr

Australian DollarIcelandic Krona

A$kr

Canadian DollarIcelandic Krona

C$kr

Swiss FrancIcelandic Krona

Frkr

Chinese YuanIcelandic Krona

¥kr

Indian RupeeIcelandic Krona

kr

South Korean WonIcelandic Krona

kr

Swedish KronaIcelandic Krona

krkr

Norwegian KroneIcelandic Krona

krkr

Danish KroneIcelandic Krona

krkr

New Zealand DollarIcelandic Krona

NZ$kr

Singapore DollarIcelandic Krona

S$kr

Hong Kong DollarIcelandic Krona

HK$kr

Taiwan DollarIcelandic Krona

NT$kr

Thai BahtIcelandic Krona

฿kr

Malaysian RinggitIcelandic Krona

RMkr

Philippine PesoIcelandic Krona

kr

Indonesian RupiahIcelandic Krona

Rpkr

Vietnamese DongIcelandic Krona

kr

Brazilian RealIcelandic Krona

R$kr

Mexican PesoIcelandic Krona

$kr

Argentine PesoIcelandic Krona

$kr

Chilean PesoIcelandic Krona

$kr

Colombian PesoIcelandic Krona

$kr

Peruvian SolIcelandic Krona

S/kr

South African RandIcelandic Krona

Rkr

Nigerian NairaIcelandic Krona

kr

Egyptian PoundIcelandic Krona

£kr

Kenyan ShillingIcelandic Krona

KShkr

Ghanaian CediIcelandic Krona

kr

Tanzanian ShillingIcelandic Krona

TShkr

Moroccan DirhamIcelandic Krona

د.م.kr

UAE DirhamIcelandic Krona

د.إkr

Saudi RiyalIcelandic Krona

kr

Qatari RiyalIcelandic Krona

kr

Kuwaiti DinarIcelandic Krona

د.كkr

Bahraini DinarIcelandic Krona

.د.بkr

Omani RialIcelandic Krona

kr

Jordanian DinarIcelandic Krona

د.اkr

Israeli ShekelIcelandic Krona

kr

Turkish LiraIcelandic Krona

kr

Polish ZlotyIcelandic Krona

kr

Czech KorunaIcelandic Krona

kr

Hungarian ForintIcelandic Krona

Ftkr

Romanian LeuIcelandic Krona

leikr

Bulgarian LevIcelandic Krona

лвkr

Croatian KunaIcelandic Krona

knkr

Serbian DinarIcelandic Krona

dinkr

Ukrainian HryvniaIcelandic Krona

kr

Russian RubleIcelandic Krona

kr

Kazakhstani TengeIcelandic Krona

kr

Georgian LariIcelandic Krona

kr

Armenian DramIcelandic Krona

֏kr

Bangladeshi TakaIcelandic Krona

kr

Pakistani RupeeIcelandic Krona

kr

Sri Lankan RupeeIcelandic Krona

kr

Icelandic KronaUS Dollar

kr$

Common Uses of the Icelandic Krona

  • Scientific research — expressing currency values in published studies, experimental data, and journal articles where SI unit conventions apply
  • Engineering design — specifying currency requirements in technical drawings, calculations, and simulation input files across metric and imperial systems
  • Quality control — measuring and verifying currency in manufactured products to ensure conformance to design tolerances and international standards
  • Education — teaching currency concepts in physics, engineering, and applied science courses with worked examples in multiple unit systems
  • Industry standards — meeting regulatory and specification requirements for currency as defined by international bodies such as ISO, ASME, ASTM, and NIST

Did You Know?

The foreign exchange (forex) market is the largest and most liquid financial market in the world, with over $7.5 trillion traded per day as of 2022. The Icelandic Krona is one of the world's currencies whose value fluctuates continuously in this global marketplace.

Scientific Definition of the Icelandic Krona

The Icelandic Krona (kr) is defined within the context of currency measurement. Modern metrology ties most measurement units to fundamental physical constants or precisely reproducible laboratory references, ensuring that a measurement made in one laboratory gives the same result as a measurement made anywhere else in the world. This traceability to international standards is what makes the Icelandic Krona reliable for scientific research, commercial trade, engineering design, and legal metrology. When you use a conversion tool to translate between the Icelandic Krona and other units, the underlying conversion factors are the exact ratios defined by international standards bodies — not approximations. This means the only limit to the accuracy of a conversion is the precision of your input measurement. For everyday use, converting the Icelandic Krona to equivalent units in other systems is instant and accurate to many more decimal places than any practical measurement could justify.

Tips for Converting the Icelandic Krona

When converting the Icelandic Krona to other currency units, pay careful attention to the direction of the conversion factor — multiplying and dividing are not interchangeable. A quick sanity check is to estimate the expected magnitude of the result before performing the conversion: if the target unit is larger than the Icelandic Krona, the numerical value should be smaller, and vice versa. For chained conversions across multiple unit systems, convert everything to a common intermediate unit (typically the SI base unit) and then from that intermediate to the target. This approach is more reliable than direct conversion through multiple factors and makes the calculation easier to verify. When working with very large or very small values, consider whether a metric prefix (milli-, kilo-, mega-) would make the number easier to interpret without losing precision. For critical applications, always cross-check the converted value using a second method — a different calculator, a published table, or a hand calculation using the conversion factor directly.

Accuracy and Precision

Conversion of the Icelandic Krona is performed using exact, internationally defined factors wherever possible. For units defined by historical artifact or local convention, small differences between national standards may exist — for example, the difference between US survey foot and international foot, or the subtle variations between different definitions of the BTU. These differences are usually negligible for everyday use but matter in precision engineering, legal metrology, and international scientific collaboration. The MegaCalc conversion engine uses the most current internationally accepted values and documents any edge cases where multiple definitions exist. Numerical precision of conversions is carried to at least 10 significant figures internally, with displayed results rounded to a readable length. If you need additional precision for a specific calculation, the underlying engine provides the full precision on request — just inspect the source code or contact us for details.