Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
base info GICTrade

GICTrade to Icelandic Króna Converter and calculator

Convert 1GICTrade (GICT) to Icelandic Króna (ISK) equals kr 126.24 | Bitget
GICT
GICT
swap
ISK
Last updated 2024/12/25 04:01:23 (UTC+0)Refreshrefresh
Want to display this on your website?
Bitget converter offers real-time exchange rates, allowing for easy conversion of GICTrade(GICT) to Icelandic Króna(ISK). This is the real-time data. The current conversion shows 1 GICT at a value of 1 GICT for 126.24 ISK . Since crypto prices can change rapidly, we suggest checking back for the latest conversion result.

ISK information

About the Icelandic Króna (ISK)

What Is the Icelandic Króna (ISK)?

The Icelandic Króna, abbreviated as ISK and often denoted by the currency sign “kr”, is the official currency of Iceland. The Icelandic Króna is a unique currency, given that Iceland is one of the smallest countries by population to have its own currency and monetary policy. The Icelandic Króna is the sole legal tender in Iceland, and it is used for all transactions within the country.

The Iceland Krona is issued by the Central Bank of Iceland (Seðlabanki Íslands). The Central Bank is responsible for the production and distribution of the currency, as well as for managing Iceland's monetary policy and maintaining the stability of the króna.

What Is the History of ISK?

The króna's roots trace back to the Scandinavian Monetary Union, drawing its name from the Latin word 'corona' meaning 'crown'. Initially, Iceland used the Danish krone, but started issuing its own banknotes in 1885. The Icelandic króna became distinct from the Danish krone after World War I and Icelandic sovereignty in 1918. Due to high inflation, the króna was revalued in 1981, with 100 old króna (ISJ) equating to 1 new króna (ISK).

Notes and Coins of ISK

The Icelandic Króna (ISK) comprises a variety of coins and banknotes, each with distinct values and designs. Coins in circulation include denominations of 1 króna, 5 krónur, 10 krónur, 50 krónur, and 100 krónur. The Central Bank of Iceland issues notes in denominations of 500 krónur, 1000 krónur, 2000 krónur, 5000 krónur, and the highest value of 10,000 krónur.

Is ISK a Stable Currency?

The Icelandic Króna (ISK) has historically been subject to considerable volatility, reflecting the challenges of maintaining currency stability in a small, open economy. Particularly impacted by the 2008 financial crisis, the króna saw a dramatic devaluation, with the exchange rate plummeting from about 90 króna to the euro at the start of 2008 to around 340 króna to the euro by the end of the year. This instability was a direct consequence of the collapse of Iceland's banking sector, which underscored the currency's vulnerability to global economic shifts. Moreover, the króna's value against major currencies like the US Dollar has also been prone to significant fluctuations. For instance, in the first half of 2006, the exchange rate ranged between 50 and 80 króna per US Dollar, but by late 2008, it had depreciated to approximately 135 króna per Dollar. These examples highlight the challenges faced by the Central Bank of Iceland in stabilizing a currency heavily influenced by external economic factors and the dynamics of Iceland's tourism and fisheries-dependent economy.

Is ISK Pegged to EUR?

No, the Iceland Krona (ISK) is not pegged to the Euro. Iceland maintains its own independent currency and monetary policy through the Central Bank of Iceland (Seðlabanki Íslands). The value of the Icelandic króna is determined by the foreign exchange market, meaning it is subject to fluctuations based on market dynamics, rather than being fixed or pegged to the Euro or any other currency.

Will Iceland Adopt the Euro as Its Currency?

As of January 2024, Iceland had not made any definitive plans to adopt the Euro as its official currency. The consideration of adopting the Euro is intertwined with the broader issue of European Union (EU) membership, which Iceland has approached with caution. Following the severe impact of the 2008 financial crisis on the Icelandic economy and the Icelandic Króna (ISK), there was increased discussion about the potential benefits of Euro adoption, such as enhanced economic stability and reduced currency volatility. However, such a move would require Iceland to cede control over its monetary policy to the European Central Bank, a significant concession for a country that values its economic sovereignty. Additionally, public opinion in Iceland has been divided on this issue, reflecting concerns about national independence and the implications for key sectors like fisheries.

Show more
Bitget crypto-to-fiat exchange data shows that the most popular GICTrade currency pair is the GICT to ISK, with for GICTrade's currency code being GICT. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for ISK.

GICT to ISK conversion rate trend

1D7D1M3M1YAll
Live GICTrade (GICT) price chart
loading
In the past 1D, GICTrade has changed -0.45% to ISK. Based on the trend and price charts, GICTrade(GICT) has changed -0.45% to ISK while Icelandic Króna(ISK) has changed +0.45% to GICT in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
kr126.24
0.0200% / 0.0320%vip-iconVIP 7
Last updated 2024/12/25 00:35:35(UTC+0)

How to buy GICTrade

buy-coin-step-0-img
Create Your Free Bitget Account
Sign up on Bitget with your email address/mobile phone number and create a strong password to secure your account.
buy-coin-step-1-img
Verify Your Account
Verify your identity by entering your personal information and uploading a valid photo ID.
buy-coin-step-2-img
Buy GICTrade (GICT)
Use a variety of payment options to buy GICTrade on Bitget. We'll show you how.

Buy GICT (or USDT) for ISK (Icelandic Króna) offers

Bitget P2P trading does not currently support direct buying of GICT with ISK. However, you can buy USDT in Bitget P2P trading first, and then buy GICT with USDT via Bitget spot market.
Merchants (trades/completion rate)PriceAmount/limit
Low to high
Payment methods
Zero fees
Action
No matching ads found.

Sell GICT (or USDT) for ISK (Icelandic Króna) offers

Bitget P2P trading currently does not support direct selling of GICT to ISK. However, you can first exchange GICT for USDT in the Bitget spot market, and then sell USDT to USD in Bitget P2P trading.
Merchants (trades/completion rate)PriceAmount/limit
High to low
Payment methods
Zero fees
Action
No matching ads found.

What factors influence the conversion rate of GICTrade to Icelandic Króna?

GICTrade to Icelandic Króna is falling this week.
GICTrade's current market price is kr 126.24 per GICT, with a total market cap of kr 0 ISK based on a circulating supply of -- GICT. The trading volume of GICTrade has changed by 0.00% (kr 0 ISK) in the last 24 hours. Last trading day, GICT's trading volume was kr 0.
Market cap
$0
24h volume
$0
Circulating supply
0 GICT

Conversion tables

The exchange rate of GICTrade is decreasing.
1 GICT is currently valued at kr 126.24 ISK , which means buying 5 GICT will cost kr 631.18 ISK . Similarly, kr1 ISK can be traded for 0.007922 GICT, and kr50 ISK can be converted to 0.3961 GICT, excluding any platform or gas fees.
The exchange rate of 1 GICT to Icelandic Króna has changed by -1.54% in the last 7 days. In the last 24 hours, the rate has fluctuated by -0.45%, reaching a high of 124.56 ISK and a low of 123.07 ISK . One month ago, the value of 1 GICT was kr 131.1 ISK , which represents a -3.78% change from its current value. Over the last year, GICTrade has changed by
-kr
6.86ISK
, resulting in a change of -5.25% in its value.

GICT to ISK

Amount
04:01 am today
0.5 GICT
kr63.12
1 GICT
kr126.24
5 GICT
kr631.18
10 GICT
kr1,262.36
50 GICT
kr6,311.79
100 GICT
kr12,623.57
500 GICT
kr63,117.86
1000 GICT
kr126,235.71

ISK to GICT

Amount04:01 am today
0.5ISK0.003961  GICT
1ISK0.007922  GICT
5ISK0.03961  GICT
10ISK0.07922  GICT
50ISK0.3961  GICT
100ISK0.7922  GICT
500ISK3.96  GICT
1000ISK7.92  GICT

Today vs. 24 hours ago

Amount04:01 am today24 hours ago24h change
0.5 GICT$0.4523$0.4543
-0.45%
1 GICT$0.9046$0.9086
-0.45%
5 GICT$4.52$4.54
-0.45%
10 GICT$9.05$9.09
-0.45%
50 GICT$45.23$45.43
-0.45%
100 GICT$90.46$90.86
-0.45%
500 GICT$452.3$454.29
-0.45%
1000 GICT$904.59$908.58
-0.45%

Today vs. 1 month ago

Amount04:01 am today1 month ago1M change
0.5 GICT$0.4523$0.4697
-3.78%
1 GICT$0.9046$0.9395
-3.78%
5 GICT$4.52$4.7
-3.78%
10 GICT$9.05$9.39
-3.78%
50 GICT$45.23$46.97
-3.78%
100 GICT$90.46$93.95
-3.78%
500 GICT$452.3$469.73
-3.78%
1000 GICT$904.59$939.45
-3.78%

Today vs. 1 year ago

Amount04:01 am today1 year ago1Y change
0.5 GICT$0.4523$0.4769
-5.25%
1 GICT$0.9046$0.9537
-5.25%
5 GICT$4.52$4.77
-5.25%
10 GICT$9.05$9.54
-5.25%
50 GICT$45.23$47.69
-5.25%
100 GICT$90.46$95.37
-5.25%
500 GICT$452.3$476.87
-5.25%
1000 GICT$904.59$953.73
-5.25%

GICTrade price prediction

What will the price of GICT be in 2025?

Based on GICT's historical price performance prediction model, the price of GICT is projected to reach $1.28 in 2025.

What will the price of GICT be in 2030?

In 2030, the GICT price is expected to change by -7.00%. By the end of 2030, the GICT price is projected to reach $2.26, with a cumulative ROI of +149.34%.

Bitget Earn

A safe, convenient, and professional platform to maximize your crypto asset profits.
Coin

APR

Action

Latest coin listings on Bitget

New listings

FAQ

What is a cryptocurrency calculator?

A cryptocurrency calculator enables users to convert various digital currencies into different world currencies according to the current exchange rate.

How does a cryptocurrency calculator work?

How accurate is a cryptocurrency calculator?

Can I trust the results of a cryptocurrency calculator?

Can I use a cryptocurrency calculator for tax purposes?

Can a cryptocurrency calculator be used to convert one type of cryptocurrency to another?

This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Bitget to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Bitget exchange as well as other cryptocurrency exchanges and market data platforms. Bitget may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Bitget is not liable for any errors or delays in content or for any actions taken in reliance on any content.