Convert New Taiwan Dollar to Icelandic Króna
Please provide values below to convert New Taiwan Dollar [TWD] to Icelandic Króna [ISK], or Convert Icelandic Króna to New Taiwan Dollar.
How to Convert New Taiwan Dollar to Icelandic Króna
1 TWD = 0.241267259051117 ISK
Example: convert 15 TWD to ISK:
15 TWD = 15 × 0.241267259051117 ISK = 3.61900888576675 ISK
New Taiwan Dollar to Icelandic Króna Conversion Table
| New Taiwan Dollar | Icelandic Króna |
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New Taiwan Dollar
The New Taiwan Dollar (TWD) is the official currency of Taiwan, used for everyday transactions and financial exchanges within the country.
History/Origin
The New Taiwan Dollar was introduced in 1949 to replace the Old Taiwan Dollar, stabilizing Taiwan's economy after World War II and subsequent political changes. It has undergone several reforms and devaluations over the decades to adapt to economic conditions.
Current Use
Today, the TWD is widely used in Taiwan for all monetary transactions, including retail, banking, and international trade. It is also accepted in some neighboring regions and is actively traded in foreign exchange markets.
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.