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Pyth Network to Icelandic Króna Converter and calculator

Convert 1Pyth Network (PYTH) to Icelandic Króna (ISK) equals kr 57.96 | Bitget
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Last updated 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter offers real-time exchange rates, allowing for easy conversion of Pyth Network(PYTH) to Icelandic Króna(ISK). This is the real-time data. The current conversion shows 1 PYTH at a value of 1 PYTH for 57.96 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.

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

PYTH to ISK conversion rate trend

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In the past 1D, Pyth Network has changed +3.50% to ISK. Based on the trend and price charts, Pyth Network(PYTH) has changed +3.50% to ISK while Icelandic Króna(ISK) has changed % to PYTH in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
kr58.7
0.0001% / 0.0004%vip-iconVIP
Binance
kr58.56
0.1000% / 0.1000%
Yes
OKX
kr58.54
0.080% / 0.100%
Yes
Huobi
kr58.52
0.1000% / 0.1000%
Yes
Gate.io
kr58.51
0.1000% / 0.1000%
Yes
Bybit
kr58.73
0.1000% / 0.1000%
Yes
KuCoin
kr58.52
0.1000% / 0.1000%
Yes
Last updated 2024/06/02 18:00:16(UTC+0)

How to buy Pyth Network

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What factors influence the conversion rate of Pyth Network to Icelandic Króna?

Pyth Network to Icelandic Króna is falling this week.
Pyth Network's current market price is kr 57.96 per PYTH, with a total market cap of kr 210,119,757,982.63 ISK based on a circulating supply of 3,624,989,000 PYTH. The trading volume of Pyth Network has changed by +157.25% (kr 12,127,036,209.46 ISK) in the last 24 hours. Last trading day, PYTH's trading volume was kr 7,712,039,897.12.
Market cap
$1.53B
24h volume
$144.47M
Circulating supply
3.62B PYTH

Conversion tables

The exchange rate of Pyth Network is decreasing.
1 PYTH is currently valued at kr 57.96 ISK , which means buying 5 PYTH will cost kr 289.82 ISK . Similarly, kr1 ISK can be traded for 0.01725 PYTH, and kr50 ISK can be converted to 0.8626 PYTH, excluding any platform or gas fees.
The exchange rate of 1 PYTH to Icelandic Króna has changed by -3.57% in the last 7 days. In the last 24 hours, the rate has fluctuated by +3.50%, reaching a high of 60 ISK and a low of 55.82 ISK . One month ago, the value of 1 PYTH was kr 74.02 ISK , which represents a -21.61% change from its current value. Over the last year, Pyth Network has changed by
+kr
58.25ISK
, resulting in a change of --% in its value.

PYTH to ISK

Amount
18:17 today
0.5 PYTH
kr28.98
1 PYTH
kr57.96
5 PYTH
kr289.82
10 PYTH
kr579.64
50 PYTH
kr2,898.21
100 PYTH
kr5,796.42
500 PYTH
kr28,982.12
1000 PYTH
kr57,964.24

ISK to PYTH

Amount18:17 today
0.5ISK0.008626  PYTH
1ISK0.01725  PYTH
5ISK0.08626  PYTH
10ISK0.1725  PYTH
50ISK0.8626  PYTH
100ISK1.73  PYTH
500ISK8.63  PYTH
1000ISK17.25  PYTH
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Today vs. 24 hours ago

Amount18:17 today24 hours ago24h change
0.5 PYTH$0.2110$0.2039
+3.50%
1 PYTH$0.4221$0.4077
+3.50%
5 PYTH$2.11$2.04
+3.50%
10 PYTH$4.22$4.08
+3.50%
50 PYTH$21.1$20.39
+3.50%
100 PYTH$42.21$40.77
+3.50%
500 PYTH$211.05$203.87
+3.50%
1000 PYTH$422.1$407.75
+3.50%

Today vs. 1 month ago

Amount18:17 today1 month ago1M change
0.5 PYTH$0.2110$0.2695
-21.61%
1 PYTH$0.4221$0.5390
-21.61%
5 PYTH$2.11$2.7
-21.61%
10 PYTH$4.22$5.39
-21.61%
50 PYTH$21.1$26.95
-21.61%
100 PYTH$42.21$53.9
-21.61%
500 PYTH$211.05$269.52
-21.61%
1000 PYTH$422.1$539.04
-21.61%
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Today vs. 1 year ago

Amount18:17 today1 year ago1Y change
0.5 PYTH$0.2110$-0.001029
--
1 PYTH$0.4221$-0.002057
--
5 PYTH$2.11$-0.01029
--
10 PYTH$4.22$-0.02057
--
50 PYTH$21.1$-0.1029
--
100 PYTH$42.21$-0.2057
--
500 PYTH$211.05$-1.02860
--
1000 PYTH$422.1$-2.05719
--

Pyth Network price prediction

What will the price of PYTH be in 2025?

Based on PYTH's historical price performance prediction model, the price of PYTH is projected to reach $0.4955 in 2025.

What will the price of PYTH be in 2030?

In 2030, the PYTH price is expected to rise by +2.00%. By the end of 2030, the PYTH price is projected to reach $1.14, with a cumulative ROI of +169.67%.
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Buy Pyth Network for 1 ISK
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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?
A cryptocurrency calculator fetches real-time values from digital currency exchange markets to convert between Pyth Network and ISK.
How accurate is a cryptocurrency calculator?
Cryptocurrency calculators are generally highly accurate as they track real-time data from cryptocurrency markets, such as Pyth Network and ISK. However, due to the high volatility of the cryptocurrency market, rates can fluctuate rapidly.
Can I trust the results of a cryptocurrency calculator?
While cryptocurrency calculators can provide a good starting point, remember that there might be slight differences in real-time trading due to factors such as time delay and trading platform discrepancies.
Can I use a cryptocurrency calculator for tax purposes?
Cryptocurrency calculators are useful for tax information, like coin values at given times. However, it's better to use tax-specific software or a professional for accurate reporting. Bitget Academy is a useful guide for cryptocurrency taxes, covering tax procedures, crypto transactions, effective planning, and different tax tools. Bitget prioritizes user experience, especially in optimizing tax management. With Advanced API and collaborations like Koinly, Bitget provides a smart, accessible platform for cryptocurrency trade and tax responsibilities.
Can a cryptocurrency calculator be used to convert one type of cryptocurrency to another?
If you want to know the value of Pyth Network in ISK, cryptocurrency calculators can help you. But if you want to compare the worth of two different cryptocurrencies, you can use Bitget Convert. This tool simplifies the process of cryptocurrency conversion by allowing you to avoid multiple transactions or frequent transfers between wallets and exchanges. With Bitget Convert, you can seamlessly convert your cryptocurrencies in a user-friendly way.

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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.