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gib to Icelandic Króna (GIB to ISK)

GIB to ISK Converter and calculator

GIB/ISK: 1 GIB = 0.01119 ISK. The price of converting 1 gib (GIB) to Icelandic Króna (ISK) is 0.01119 ISK today.
GIB
GIB
ISK
Last updated as of 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter provides GIB to ISK real-time exchange rates, making it easy to convert gib (GIB) to Icelandic Króna (ISK). The conversion result is based on real-time data. The conversion result shows that 1 GIB is currently valued at 0.01119 ISK. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 GIB is currently valued at 0.01119 ISK, which means buying 5 GIB would cost 0.05594 ISK. Similarly, kr1 ISK can be converted to 89.38 GIB, and kr50 ISK can be converted to 446.88 GIB, excluding any platform or gas fees.

Convert GIB to ISK

Convert ISK to GIB

gib
Icelandic Króna
1 GIB
0.01119  ISK
Exchange 1 GIB for 0.01119 ISK
2 GIB
0.02238  ISK
Exchange 2 GIB for 0.02238 ISK
5 GIB
0.05594  ISK
Exchange 5 GIB for 0.05594 ISK
10 GIB
0.1119  ISK
Exchange 10 GIB for 0.1119 ISK
20 GIB
0.2238  ISK
Exchange 20 GIB for 0.2238 ISK
50 GIB
0.5594  ISK
Exchange 50 GIB for 0.5594 ISK
100 GIB
1.12  ISK
Exchange 100 GIB for 1.12 ISK
200 GIB
2.24  ISK
Exchange 200 GIB for 2.24 ISK
500 GIB
5.59  ISK
Exchange 500 GIB for 5.59 ISK
1000 GIB
11.19  ISK
Exchange 1000 GIB for 11.19 ISK
5000 GIB
55.94  ISK
Exchange 5000 GIB for 55.94 ISK
10000 GIB
111.89  ISK
Exchange 10000 GIB for 111.89 ISK
In the table above, you'll find a comprehensive GIB to ISK converter that shows the value of gib in Icelandic Króna across commonly used conversion amounts. The list covers conversions from 1 GIB to ISK, all the way up to 10000 GIB, providing a clear view of their respective values.
Icelandic Króna
gib
1 ISK
89.38 GIB
Exchange 1 ISK for 89.38 GIB
10 ISK
893.77 GIB
Exchange 10 ISK for 893.77 GIB
50 ISK
4,468.85 GIB
Exchange 50 ISK for 4,468.85 GIB
100 ISK
8,937.7 GIB
Exchange 100 ISK for 8,937.7 GIB
200 ISK
17,875.4 GIB
Exchange 200 ISK for 17,875.4 GIB
500 ISK
44,688.5 GIB
Exchange 500 ISK for 44,688.5 GIB
1000 ISK
89,377 GIB
Exchange 1000 ISK for 89,377 GIB
2000 ISK
178,753.99 GIB
Exchange 2000 ISK for 178,753.99 GIB
5000 ISK
446,884.98 GIB
Exchange 5000 ISK for 446,884.98 GIB
10000 ISK
893,769.97 GIB
Exchange 10000 ISK for 893,769.97 GIB
50000 ISK
4,468,849.85 GIB
Exchange 50000 ISK for 4,468,849.85 GIB
100000 ISK
8,937,699.7 GIB
Exchange 100000 ISK for 8,937,699.7 GIB
In the table above, you'll find a comprehensive ISK to GIB converter that shows the value of Icelandic Króna in gib across commonly used conversion amounts. The list covers conversions from 1 ISK to GIB, all the way up to 100000 ISK, providing a clear view of their respective values.

GIB to ISK chart

GIB/ISK: 1 GIB = 0.01119 ISK; 2026/01/10 12:51:05
In the past 1D, gib has changed -0.74% to ISK. Based on the trend and price charts, gib(GIB) has changed -0.74% to ISK while Icelandic Króna(ISK) has changed % to GIB in the last 24 hours.
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GIB to ISK conversion data: Volatility and price changes of gib in ISK

The highest gib price in ISK over the past 7 days was 0.01467 ISK while the lowest gib price in ISK over the past 7 days was 0.009418 ISK. The relative change between the highs and lows in gib price in ISK over the last 7 days indicates a volatility of %. You can view additional volatility data and GIB to ISK prices for the past 24 hours, 30 days, and 90 days in the table above.
Last 24 hours Last 7 days Last 30 days Last 90 days
High
0.01165 ISK
0.01467 ISK
0.01467 ISK
0.04253 ISK
Low
0.01114 ISK
0.009418 ISK
0.007839 ISK
0.007839 ISK
Average
0 ISK
0 ISK
0 ISK
0 ISK
Volatility
%
%
%
%
Change
-0.74%
+25.48%
+17.12%
-67.84%

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gib information

GIB to ISK market statistics

GIB/ISK:
kr0.01119
GIB 24h volume:
--
GIB market cap:
--
GIB circulating supply:
0 GIB

Current GIB to ISK exchange rate

gib to Icelandic Króna is rising this week.
gib's current market price is kr0.01119 per GIB, with a total market cap of kr0 ISK based on a circulating supply of -- GIB. The trading volume of gib has changed by -100.00% (kr-- ISK) in the last 24 hours. Last trading day, GIB's trading volume was kr--.

More info about gib on Bitget

Icelandic Króna 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.

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

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How to convert GIB to ISK

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GIB to ISK Conversion tables

The exchange rate of gib is increasing.
The exchange rate of 1 GIB to Icelandic Króna has changed by +25.48% in the last 7 days. In the last 24 hours, the rate has fluctuated by -0.74%, reaching a high of 0.01165 ISK and a low of 0.01114 ISK . One month ago, the value of 1 GIB was kr0.009553 ISK , which represents a +17.12% change from its current value. Over the last year, gib has changed by
+kr
0.01119ISK
, resulting in a change of -96.35% in its value.
24 hours ago1 month ago1 year ago
Amount 12:51 today 24 hours ago 24h change
0.5 GIB
kr0.005594kr0.005636
-0.74%
1 GIB
kr0.01119kr0.01127
-0.74%
5 GIB
kr0.05594kr0.05636
-0.74%
10 GIB
kr0.1119kr0.1127
-0.74%
50 GIB
kr0.5594kr0.5636
-0.74%
100 GIB
kr1.12kr1.13
-0.74%
500 GIB
kr5.59kr5.64
-0.74%
1000 GIB
kr11.19kr11.27
-0.74%

GIB to ISK FAQ

How much is 1 gib in ISK?
Right now, the price of 1 gib (GIB) in Icelandic Króna (ISK) is kr0.01119.
How much GIB can I buy for 1 ISK?
Based on the current exchange rate, you can get 89.38 GIB for 1 ISK.
How do I calculate or convert GIB to ISK?
You can use our GIB to ISK calculator at the top of this page to convert any amount of GIB to ISK. We've also included quick-reference tables for the most popular conversions. For example, 5 ISK is equivalent to 446.88 GIB, while 5 GIB will cost around 0.05594ISK.
What is the highest price of GIB/ISK in history?
The all-time high price of 1 GIB in ISK is kr1.97. It remains to be seen if the value of 1 GIB/ISK will exceed the current all-time high.
What is the price trend of gib in ISK?
Over the past 7 days, the exchange rate of gib (GIB) has gone up by 25.48%.   Over the last month, the exchange rate of gib (GIB) has gone up by 17.12% against Icelandic Króna (ISK).

What factors influence the conversion rate of GIB to ISK?

There are many factors that affect the relationship between gib and Icelandic Króna, spanning multiple dimensions such as macroeconomic trends, policy regulation, and technological innovation. Specifically, the following key factors play an important role:
Market sentiment:Investor sentiment and confidence have a significant impact on the dynamics of GIB/ISK. When there is positive news in the market about the widespread adoption of GIB or major technological breakthroughs, it tends to trigger market optimism and drive the rise of GIB/ISK. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in GIB/ISK.
Regulatory environment:Government policies and regulations surrounding cryptocurrencies have a direct impact on their acceptance, which in turn determines their value relative to traditional currencies such as the US dollar. Clear and supportive regulations can enhance investor confidence in cryptocurrencies and drive their value up. Conversely, vague or overly strict regulatory policies may hinder the development of cryptocurrencies and cause their value to fall.
Economic indicators:Macroeconomic factors in the country where the fiat currency is issued—such as inflation rates, interest rates, and key economic growth indicators—play a crucial role in determining the fiat currency's value and indirectly affect the exchange rate of GIB/ISK. For example, high inflation rates may lead to a decrease in market trust in fiat currencies, thereby increasing investors' demand for cryptocurrencies such as Bitcoin as a hedge, driving up their prices.
Technological progress:The continuous development and innovation of blockchain technology, as well as various improvements in the cryptocurrency ecosystem—such as expansion solutions and security enhancements—have provided strong support for the value growth of cryptocurrencies like Bitcoin.
Investors must understand these dynamics to avoid making wrong decisions. After considering these factors, investors should also closely monitor future changes in the price of gib and adjust their investment strategies accordingly in the evolving market.

Popular exchange rates — Crypto-to-Fiat converter

Bitget crypto-to-fiat exchange data shows the popular gib currency pairs: GIB to US Dollar (USD), GIB to Euro (EUR), GIB to Pound Sterling (GBP), GIB to Canadian Dollar (CAD), GIB to Indian Rupee (INR), GIB to Pakistani Rupee (PKR), GIB to Brazilian Real (BRL), GIB to…
The price of gib in the US is $0.C$0.00012318846 USD. Additionally, gib’s price is €0.{4}7602 EUR in the eurozone, £0.{4}6597 GBP in the UK, {4} CAD in Canada, ₹0.007985 INR in India, ₨0.02477 PKR in Pakistan, R$0.0004753 BRL in Brazil, and more.
The most popular gib currency pair is the GIB to Icelandic Króna(ISK). The price of 1 gib (GIB) in Icelandic Króna (ISK) is kr0.01119.

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