Icelandic Króna to Norwegian Krone

The Icelandic krona (symbol: kr, codes: ISK, and 352) is the national currency of Iceland. Since the country is not a member of the EU and the Eurozone, the krona is the only official currency in the state. One krona is subdivided into 100 aurar, but coins less than 1 krona have been discontinued.

The Icelandic krone banknotes have been printed since 1885, remaining one of the few European currencies to have been preserved virtually unchanged since the 19th century. In 1981, a denomination took place in Iceland. Citizens received the new krone at the rate of 100: 1.

The Norwegian krone (symbol: kr, code: NOK, number 578) is the national currency of Norway, valid in the country since 1874 to have replaced the Norwegian daler. Although nominally the krone is subdivided into 100 ore, coins denominations of less than 1 crone have been discontinued, and ore has existed only electronically since 2012. The banknotes design bears traditional Scandinavian decorations depicting ships, lighthouses, sea waves, cod.

The exchange rate varies depending on oil prices and other economic factors. The average inflation index is low,e.g. in autumn 2019 it was only 1.8%. During 2017 - 2019, all old banknotes were replaced in the country. They can be exchanged in banks until 2028.