How to Read Isk Currency Price 99 000

Official exchange charge per unit

Currency	Mid rate
USD	131.85
GBP	172.56
CAD	103.32
DKK	19.475
NOK	fourteen.781
SEK	13.611
CHF	141.64
JPY	one.128
XDR	182.26
EUR	144.9
CNY	xx.809
NZD	90.26
AUD	96.49
HKD	16.847
ZAR	8.787
CZK	5.747
HUF	0.3804
TRY	8.91
HRK	nineteen.138
PLN	thirty.301
NGN	0.317
TWD	4.6462
KRW	0.107
SRD	6.351
ILS	40.608
SGD	96.93
MXN	6.313
INR	i.7253
BGN	74.09
BRL	26.309
THB	3.9653
JMD	0.8599
SAR	35.136

Fixing: 2022-03-11

The Russian rouble publication suspended

The Central Bank of Iceland has decided to suspend its publication of an official exchange charge per unit for the Russian rouble (RUB) against the Icelandic króna. The reason for this decision is that the European Primal Bank (ECB) has suspended its publication of the EUR/RUB substitution rate considering of the electric current situation. The commutation rate of the króna versus the rouble has been based on the ECB reference rate.

The announcement from the ECB can be constitute  here.
(This is published 9 March 2022)

Changes in exchange rate listing

From 31 August 2020 onwards, the Central Bank of Republic of iceland volition ready the official reference exchange rate of the króna at xiv:15 hrs. Central European Fourth dimension (CET)*, in line with the exercise in neighbouring countries. The reference exchange charge per unit volition so be published on the Banking concern'due south website each business solar day at 16:00 hrs. Icelandic fourth dimension and non at xi:00 hrs., as earlier. The Cardinal Bank wishes to emphasise that currency exchange rates are published solely for data purposes and in satisfaction of legal requirements.

From ane April 2020 onwards, the Depository financial institution will publish only the mid-rate of all currencies included in its listing, and this mid-charge per unit volition exist the official reference exchange charge per unit. Publication of the buying and selling rates will be discontinued. This is consequent with the practice of central banks in comparison countries. Come across the Bank's news release dated October 9, 2019.

Official exchange rate

The above-specified reference commutation rates are not intended for direct employ in market transactions or in business transactions with financial institutions. They are indicative rates published solely for information purposes and to comply with statutory requirements.

The exchange rate of the Icelandic króna is determined in the foreign substitution marketplace, which is open betwixt nine:fifteen hrs. and sixteen:00 hrs. on weekdays. Once a solar day, the Central Bank of Iceland fixes the official commutation rate of the króna against strange currencies, for utilize every bit a reference in official agreements, court cases, and other contracts between parties that practice not specify some other reference exchange rate; cf. Article nineteen of the Act on the Fundamental Banking concern of Iceland, and fixes the official exchange charge per unit index at the same fourth dimension. This is done between 10:45 hrs. and xi:00 hrs. each morning that regulated foreign commutation markets are in operation. Under boggling circumstances, the Central Bank may temporarily suspend its quotation of the exchange charge per unit of the króna.

As of Feb i, 2018, the Icelandic króna is again among the currencies for which the European Central Banking company quotes a daily reference rate. The ECB had not quoted a rate for the króna since 2008. The foreign exchange reference rates of the ECB are available here.

Exchange rates of other currencies tin be found on a number of websites, including oanda.com. The Central Bank of Iceland cannot exist held liable for information establish on such websites or for use of such data; furthermore, the Bank wishes to remind the reader of the general disclaimer concerning the reliability of data on the internet, which can be found on the Copyright and disclaimer page on this website.

Data on currency exchange rates is too available in XML format.

Evidence all

• Corrections

  Correction: June 1, 2012

  Because of a malfunction in the Central Banking company of Iceland's market place data system, the Bank'south substitution rate was incorrectly listed on 1 June 2012. Information technology proved necessary to postal service the exchange rate once more, and the corrected information appeared on the Bank's website about 50 minutes after the kickoff listing. The difference was small, or 26 aurar (0.26 krónur) in the exchange rate of the euro, and a similar corporeality for other currencies. The Primal Banking company apologises for this mistake.

  Correction: February 16, 2011

  Due to flaws in software, the primal exchange charge per unit of several currencies was incorrectly recorded during the catamenia from 13 Jan 2011 through 14 February 2011. The currencies affected are the Chinese yuan (CNY), the Taiwan dollar (TWD), the South Korean won (KRW), the Surinamese dollar (SRD), the Indian rupee (INR), the Brazilian real (BRL), and the Jamaican dollar (JMD). The substitution rates of these currencies have been changed in the Central Depository financial institution of Iceland's substitution rate database. The divergence was greatest on 2 February 2011, when the difference between the recorded substitution rate and the right rate measured about 5.viii%. As an example of the error on that appointment, the yuan (CNY) was recorded at ISK 1 higher than information technology should accept been.

  It should be noted that the recorded exchange rate of these currencies is not the official reference commutation rate in the sense of Article 19 of the Act on the Central Depository financial institution of Iceland, no. 36 of 22 May 2001; cf. the news release dated 1 December 2006. The Primal Bank records the cardinal commutation rate of the above currencies primarily for information purposes for the website'due south users. Yet, the Central Bank strongly emphasises the presentation of correct information on currency exchange rates, and information technology will brand all due effort to heighten the reliability of these data in the future.

  The Banking concern has also corrected weighted exchange rates, although the consequence of these currencies on weighted indices is very limited. For case, the divergence in the narrow trade-weighted alphabetize for 2 Feb 2011 was -0.169%. The changes made reduce the index from 213.986 to 213.624.

  January 6, 2009:

  The Central Bank of Republic of iceland discontinued the publication of the Commutation Charge per unit Index (the trade-weighted index, TWI) at year-end 2008, as was appear in the Depository financial institution's news release no. 43/2006, dated November xxx, 2006, and its statement on the updating of currency baskets and the introduction of new substitution charge per unit indices (encounter: Updating of currency baskets and the introduction of new exchange rate indices). See also the Bank's news release no. one/2009, dated January 6, 2009.

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Source: https://www.cb.is/statistics/official-exchange-rate/

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