Convert Chinese Yuan to Icelandic Krona
Convert Chinese Yuan (CNY) to Icelandic Krona (ISK) using daily updated exchange rates.
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Exchange Rate
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About Chinese Yuan
The Chinese Yuan (CNY), also known as the Renminbi (RMB, meaning "people's currency"), is the official currency of the People's Republic of China. Introduced in 1949 when the People's Republic was founded, it replaced multiple currencies issued by various warlords and governments. The People's Bank of China manages monetary policy using a managed floating exchange rate with reference to a basket of currencies. The yuan became an IMF Special Drawing Rights (SDR) reserve currency in 2016, recognising China's role as the world's second largest economy.
About Icelandic Krona
The Icelandic Krona (ISK) is the official currency of Iceland, one of the world's most sparsely populated countries but with a high standard of living. The krona has been subject to notable turbulence - during the 2008 global financial crisis, Iceland's banking system collapsed spectacularly and the krona lost about half its value virtually overnight, requiring capital controls that remained in place until 2017. The Central Bank of Iceland manages monetary policy. Iceland's economy is based on fishing, aluminium smelting, geothermal energy, and increasingly tourism.
Quick Reference Table
| Chinese Yuan (CNY) | Icelandic Krona (ISK) |
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Exchange rates are updated daily and provided for informational purposes only. Not suitable for financial transactions. Source: fawazahmed0/exchange-api (MIT license).