Investopedia

Continue to Site »

ISK

Filed Under » , ,
Dictionary Says

Definition of 'ISK'

The currency abbreviation or the currency symbol for the Iceland Krona (ISK), the currency of Iceland. The krona is divided into 100 aurar and is often presented with the symbol kr. This currency has earned the nickname "Icelandic Crown" in the financial markets because of the word krona's relation to the latin word corona, meaning crown.
Investopedia Says

Investopedia explains 'ISK'

The krona was first seen in 1922 in coin form, followed by notes in 1929. The currency was revaluated in 1981, and only whole kronur have been used since 2002. Currency trading was suspended during the Icelandic banking collapse in 2008.

Articles Of Interest

  1.

    The Greatest Currency Trades Ever Made

    These speculators took big positions - and scored huge profits - in the currency market.

  2. The New World Of Emerging Market Currencies

    Take advantage of foreign currency markets without stepping out of your house.

  3. What Causes A Currency Crisis?

    Find out what can cause a currency to collapse and what central banks can do to help.

  4. The Yen Is Setting Up To Be An Attractive Long-Term Investment

    As Japan embarks on quantitative easing, the yen has come under pressure. Will it continue to be the source of big profits in the latter half of 2013?

  5. 3 Costly Spelling Errors

    History has proved that some spelling errors can cost companies and governments millions of dollars.

  6. The Most Counterfeit-Proof Currencies

    The IACA awards provide some of the best insight into the currencies that are proving the most difficult to fake.

  7. An Introduction To Complementary Currencies

    There are alternatives to national currencies. Discover complementary currencies and how they work.

  8. The Origins Of Common Currency Symbols

    Check out some of the world's most heavily traded currencies and their origins.

  9. The Life Of A $20 Bill

    Next time you pull a $20 out of your wallet, consider where it has been.
comments powered by Disqus
Marketplace
Hot Definitions

  1. Disaster Loss

    A special type of tax-deductible loss, similar to a casualty loss, where a loss has been incurred by taxpayers who reside in an area that has been designated as a federal disaster area by the President.

  2. Fool In The Shower

    The notion that changes or policies designed to alter the course of the economy should be done slowly, rather than all at once.

  3. Pattern Day Trader

    An SEC designation for traders who trade the same security four or more times per day (buys and sells) over a five-day period, and for whom same-day trades make up at least 6% of their activity for that period.

  4. Cost-Push Inflation

    A phenomenon in which the general price levels rise (inflation) due to increases in the cost of wages and raw materials.

  5. Happiness Economics

    The formal academic study of the relationship between individual satisfaction and economic issues, such as employment and wealth.

  6. Affluenza

    A social condition arising from the desire to be more wealthy, successful or to "keep up with the Joneses." Affluenza is symptomatic of a culture that holds up financial success as one of the highest achievements.
Trading Center