Important notice: We do not currently offer any product denominated in the Icelandic krona
Due to the Icelandic banking crisis, currency trading of the krona has been frozen. This effectively locks EverBank® out of this market and prevents us from offering this currency going forward. If you currently hold a certificate of deposit in the Icelandic krona with EverBank please know that we are making every effort to receive payment in U.S. dollars upon maturity of your account.
Iceland Economic Information
Central Bank: Central Bank of Iceland
Currency: Icelandic krona (ISK or Ikr)
With a population of only 300,000, Iceland is one of the smallest economies to have its own currency. It also has one of the highest GDP per capita in the world. Iceland's economy depends heavily on exports, primarily from the fishing industry, which accounts for 70% of export earnings. While always volatile, the Icelandic krona used to be popular with currency investors attracted by the high interest rates set by the Central Bank to help control inflation. These interest rates have since diminished significantly.
Key industries:
Fish processing, aluminum smelting, ferrosilicon production, geothermal power and tourism.
Agricultural products:
Potatoes, green vegetables, mutton, dairy products and fish.
Export commodities:
Fish and fish products, aluminum, animal products, ferrosilicon and diatomite.
Import commodities:
Machinery and equipment, petroleum products, foodstuffs and textiles.
Historical foreign currency exchange rates
 Downward Trend |
 Upward Trend |
| Source: These exchange rates are interbank rates as published by Interactive Data as of 11/16/2008. These rates were not available to retail customers and were not the rates offered by EverBank®. Past performance does not guarantee future results. |
If you have a World Markets Account denominated in the Icelandic krona and would like additional information, please contact a World Markets Specialist at: 800.926.4922.
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