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Exchange rates last updated Friday, 21 February 2020 11:05:11 AM EST. The online exchange rates provided by this Currency Converter are intended as a guide only and should not be used for transactional purposes. All rates are subject to change from time to time without notice. Exchange rates used in-store may differ from those offered online. The Travelex online sell rate will be used for conversions from US Dollars to a foreign currency.
The latest on the US dollar to Icelandic króna rates
The lowdown on the Icelandic króna
Iceland used the Danish Rigsdaler and then the Danish Krone while it was part of Denmark. In 1885, the country began issuing its own banknotes, and in 1918, it gained autonomy from Denmark. As a result, the Icelandic króna was established as the country's official currency.
After a period of economic hyperinflation, new notes and coins were issued in 1981 when the currency was revalued.
In 2008, the country’s banking sector collapsed and the value of the Króna fell sharply. Although the Central Bank tried to stabilize it by pegging it against the euro, the Króna continued to fall. It started strengthening against the dollar from 2015 onwards.
Historic US dollar to Icelandic króna rates
Historically, the Icelandic króna reached an all time high of ISK227.23 to the US dollar in May of 2010 and a record low of ISK58.17 to the US dollar in November of 2007. More recently, the USD/ISK rate increased 0.0400 or 0.04% to ISK99.8000 to the US dollar.