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SO-COL to Icelandic Króna Converter and calculator

Convert 1SO-COL (SIMP) to Icelandic Króna (ISK) equals kr 0.03475 | 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 SO-COL(SIMP) to Icelandic Króna(ISK). This is the real-time data. The current conversion shows 1 SIMP at a value of 1 SIMP for 0.03 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 SO-COL currency pair is the SIMP to ISK, with for SO-COL's currency code being SIMP. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for ISK.

SIMP to ISK conversion rate trend

1D7D1M3M1YAll
In the past 1D, SO-COL has changed -0.00% to ISK. Based on the trend and price charts, SO-COL(SIMP) has changed -0.00% to ISK while Icelandic Króna(ISK) has changed % to SIMP in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
kr0.03475
0.0200% / 0.0320%vip-iconVIP 7
KuCoin
kr0.09890
0.1000% / 0.1000%
Yes
Last updated 2024/09/04 01:00:15(UTC+0)

How to buy SO-COL

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Sign up on Bitget with your email address/mobile phone number and create a strong password to secure your account.
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Verify your identity by entering your personal information and uploading a valid photo ID.
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Buy SO-COL (SIMP)
Use a variety of payment options to buy SO-COL on Bitget. We'll show you how.

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

Bitget P2P trading does not currently support direct buying of SIMP with ISK. However, you can buy USDT in Bitget P2P trading first, and then buy SIMP with USDT via Bitget spot market.
Merchants (trades/completion rate)PriceAmount/limit
Low to high
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Zero fees
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Sell SIMP (or USDT) for ISK (Icelandic Króna) offers

Bitget P2P trading currently does not support direct selling of SIMP to ISK. However, you can first exchange SIMP 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
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What factors influence the conversion rate of SO-COL to Icelandic Króna?

SO-COL to Icelandic Króna is falling this week.
SO-COL's current market price is kr 0.03475 per SIMP, with a total market cap of kr 0 ISK based on a circulating supply of -- SIMP. The trading volume of SO-COL has changed by -100.00% (kr -- ISK) in the last 24 hours. Last trading day, SIMP's trading volume was kr --.
Market cap
$0
24h volume
$0
Circulating supply
0 SIMP

Conversion tables

The exchange rate of SO-COL is decreasing.
1 SIMP is currently valued at kr 0.03475 ISK , which means buying 5 SIMP will cost kr 0.1738 ISK . Similarly, kr1 ISK can be traded for 28.78 SIMP, and kr50 ISK can be converted to 1,438.81 SIMP, excluding any platform or gas fees.
The exchange rate of 1 SIMP to Icelandic Króna has changed by -5.87% in the last 7 days. In the last 24 hours, the rate has fluctuated by -0.00%, reaching a high of 0.03475 ISK and a low of 0.03475 ISK . One month ago, the value of 1 SIMP was kr 0.03623 ISK , which represents a -4.09% change from its current value. Over the last year, SO-COL has changed by
-kr
0.4475ISK
, resulting in a change of -92.79% in its value.

SIMP to ISK

Amount
03:08 am today
0.5 SIMP
kr0.01738
1 SIMP
kr0.03475
5 SIMP
kr0.1738
10 SIMP
kr0.3475
50 SIMP
kr1.74
100 SIMP
kr3.48
500 SIMP
kr17.38
1000 SIMP
kr34.75

ISK to SIMP

Amount03:08 am today
0.5ISK14.39  SIMP
1ISK28.78  SIMP
5ISK143.88  SIMP
10ISK287.76  SIMP
50ISK1,438.81  SIMP
100ISK2,877.63  SIMP
500ISK14,388.14  SIMP
1000ISK28,776.28  SIMP

Today vs. 24 hours ago

Amount03:08 am today24 hours ago24h change
0.5 SIMP$0.0001249$0.0001249
-0.00%
1 SIMP$0.0002498$0.0002498
-0.00%
5 SIMP$0.001249$0.001249
-0.00%
10 SIMP$0.002498$0.002498
-0.00%
50 SIMP$0.01249$0.01249
-0.00%
100 SIMP$0.02498$0.02498
-0.00%
500 SIMP$0.1249$0.1249
-0.00%
1000 SIMP$0.2498$0.2498
-0.00%

Today vs. 1 month ago

Amount03:08 am today1 month ago1M change
0.5 SIMP$0.0001249$0.0001302
-4.09%
1 SIMP$0.0002498$0.0002604
-4.09%
5 SIMP$0.001249$0.001302
-4.09%
10 SIMP$0.002498$0.002604
-4.09%
50 SIMP$0.01249$0.01302
-4.09%
100 SIMP$0.02498$0.02604
-4.09%
500 SIMP$0.1249$0.1302
-4.09%
1000 SIMP$0.2498$0.2604
-4.09%

Today vs. 1 year ago

Amount03:08 am today1 year ago1Y change
0.5 SIMP$0.0001249$0.001733
-92.79%
1 SIMP$0.0002498$0.003466
-92.79%
5 SIMP$0.001249$0.01733
-92.79%
10 SIMP$0.002498$0.03466
-92.79%
50 SIMP$0.01249$0.1733
-92.79%
100 SIMP$0.02498$0.3466
-92.79%
500 SIMP$0.1249$1.73
-92.79%
1000 SIMP$0.2498$3.47
-92.79%

SO-COL price prediction

What will the price of SIMP be in 2025?

Based on SIMP's historical price performance prediction model, the price of SIMP is projected to reach $0.0006051 in 2025.

What will the price of SIMP be in 2030?

In 2030, the SIMP price is expected to change by -6.00%. By the end of 2030, the SIMP price is projected to reach $0.0007082, with a cumulative ROI of +183.52%.

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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 SO-COL 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 SO-COL 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 SO-COL 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.
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.