Convert Chinese Yuan to Icelandic Króna
Please provide values below to convert Chinese Yuan [CNY] to Icelandic Króna [ISK], or Convert Icelandic Króna to Chinese Yuan.
How to Convert Chinese Yuan to Icelandic Króna
1 CNY = 0.0589418419787777 ISK
Example: convert 15 CNY to ISK:
15 CNY = 15 × 0.0589418419787777 ISK = 0.884127629681665 ISK
Chinese Yuan to Icelandic Króna Conversion Table
| Chinese Yuan | Icelandic Króna |
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Chinese Yuan
The Chinese Yuan (CNY) is the official currency of China, also known as Renminbi (RMB), and is used for all monetary transactions within the country.
History/Origin
The Chinese Yuan was introduced in 1949 following the establishment of the People's Republic of China. It has undergone various reforms and reforms, including decimalization in the 1950s and modernization efforts in recent decades to stabilize and internationalize the currency.
Current Use
Today, the CNY is widely used domestically across China and is increasingly recognized internationally, with the Chinese government promoting its use in global trade and finance. It is also a component of the International Monetary Fund's Special Drawing Rights (SDR).
Icelandic Króna
The Icelandic Króna (ISK) is the official currency of Iceland, used as the country's primary medium of exchange.
History/Origin
The Króna was introduced in 1981, replacing the Icelandic Krona at par, and has undergone various redenominations and reforms since its inception.
Current Use
The ISK is actively used in Iceland for all financial transactions, including cash, banking, and electronic payments, and is managed by the Central Bank of Iceland.