Understanding the exchange rate between Wise Token (WISE) and the Icelandic Króna (ISK) is crucial for informed cryptocurrency trading and conversion. This guide provides a comprehensive overview of the WISE/ISK pair, including current rates, historical data, and essential information about both assets.
Current WISE to ISK Exchange Rate
The live exchange rate for Wise Token to Icelandic Króna fluctuates constantly due to market dynamics. As of the latest data, 1 WISE equals approximately 17.29 ISK. This means:
- 5 WISE would cost about 86.43 ISK
- 10 WISE would cost about 172.86 ISK
- 1 ISK can be exchanged for approximately 0.05785 WISE
These calculations exclude any potential platform fees or transaction costs that might apply during actual conversions.
Historical Performance and Volatility
Cryptocurrency markets are known for their volatility, and the WISE/ISK pair is no exception. Recent performance indicators show:
- 24-hour change: +4.82%
- 7-day change: -3.39%
- 30-day change: -4.17%
- 90-day change: +18.34%
The highest price recorded for WISE in the past week was 18.2 ISK, while the lowest was 15.49 ISK. These fluctuations highlight the importance of monitoring market trends before executing trades.
Historical Price Table
| Time Frame | High | Low | Change |
|---|---|---|---|
| 24 Hours | 17.53 ISK | 16.73 ISK | +4.82% |
| 7 Days | 18.2 ISK | 15.49 ISK | -3.39% |
| 30 Days | 20.23 ISK | 15.49 ISK | -4.17% |
| 90 Days | 219,354.48 ISK | 10.46 ISK | +18.34% |
Understanding Wise Token (WISE)
Wise Token is a cryptocurrency that operates on blockchain technology. While specific details about its underlying technology and use cases may vary, it functions similarly to other digital assets in the market. The token can be traded on various exchanges and is subject to the same market forces that affect other cryptocurrencies.
WISE Market Statistics
- Current price: 17.29 ISK per WISE
- Market cap: Varies with circulating supply and price
- Trading volume: Subject to market activity
Understanding Icelandic Króna (ISK)
The Icelandic Króna is the official currency of Iceland, abbreviated as ISK and often represented by the symbol "kr." It holds the distinction of being the currency of one of the smallest independent nations by population to maintain its own currency and monetary policy.
History of the Icelandic Króna
The Króna's history dates back to the Scandinavian Monetary Union, with its name derived from the Latin word "corona," meaning crown. Iceland initially used the Danish Krone but began issuing its own banknotes in 1885. Following Iceland's independence in 1918, the Icelandic Króna separated from the Danish currency.
Due to significant inflation, the Króna was revalued in 1981, where 100 old Króna (ISJ) equaled 1 new Króna (ISK).
ISK Banknotes and Coins
The Icelandic Króna comes in various denominations:
- Coins: 1, 5, 10, 50, and 100 Króna pieces
- Banknotes: 500, 1,000, 2,000, 5,000, and 10,000 Króna notes
Stability of the Icelandic Króna
The ISK has historically shown volatility, reflecting the challenges small open economies face in maintaining currency stability. The 2008 financial crisis particularly impacted the Króna, causing significant depreciation against major currencies. This instability highlighted Iceland's vulnerability to global economic changes due to its reliance on tourism and fishing industries.
How to Convert WISE to ISK
Converting Wise Token to Icelandic Króna typically involves these steps:
- Select a cryptocurrency exchange that supports both WISE and ISK trading pairs
- Create an account and complete any necessary verification processes
- Deposit WISE tokens into your exchange wallet
- Execute the trade by selling WISE for ISK at the current market rate
- Withdraw the ISK to your bank account or maintain it on the platform for future trades
👉 Explore real-time conversion tools to streamline your cryptocurrency exchange process.
Factors Influencing WISE/ISK Exchange Rates
Several factors can affect the conversion rate between Wise Token and Icelandic Króna:
- Market demand and supply for both WISE and ISK
- Overall cryptocurrency market trends
- Economic developments in Iceland
- Global economic conditions affecting either currency
- Regulatory changes impacting cryptocurrency trading
- Technological developments in the Wise Token ecosystem
Frequently Asked Questions
What is the current exchange rate for WISE to ISK?
The current exchange rate fluctuates constantly, but as of the latest data, 1 WISE equals approximately 17.29 ISK. Always check real-time rates before making any transactions, as cryptocurrency prices can change rapidly.
How volatile is the WISE/ISK exchange rate?
The WISE/ISK pair demonstrates significant volatility, common in cryptocurrency markets. Recent data shows 24-hour fluctuations of +4.82%, with weekly changes of -3.39%. This volatility emphasizes the importance of monitoring market trends before trading.
Can I directly purchase WISE with ISK on most exchanges?
Many exchanges don't support direct ISK to WISE purchases. Typically, you would need to first purchase a major cryptocurrency like USDT or BTC with ISK, then exchange that for WISE. 👉 Get advanced conversion methods for optimal trading strategies.
What was the highest recorded price for WISE in ISK?
The historical highest price recorded for 1 WISE was 219,354.48 ISK during the past 90-day period. However, this extreme value may represent anomalous market conditions rather than typical trading ranges.
Is the Icelandic Króna a stable currency for cryptocurrency trading?
The ISK has historically shown volatility due to Iceland's small open economy structure. While it serves as Iceland's official currency, its value can fluctuate significantly based on economic conditions, making it important to monitor exchange rates carefully when trading.
Are there fees associated with converting WISE to ISK?
Yes, most exchanges charge trading fees, withdrawal fees, or network transaction costs. These fees vary by platform and can affect the final amount of ISK you receive when converting your Wise Tokens.
Conclusion
The exchange rate between Wise Token and Icelandic Króna represents an interesting cryptocurrency-to-fiat pairing that reflects both digital asset markets and Iceland's unique economic position. Understanding the current rate, historical performance, and conversion process can help traders and investors make informed decisions when dealing with this particular currency pair.
Remember that cryptocurrency markets are highly volatile, and exchange rates can change rapidly. Always verify current rates through reliable sources and consider market trends before executing any trades involving WISE and ISK.