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OFN to ISK Converter and calculator

OFN/ISK: 1 OFN = 5.64 ISK. The price of converting 1 Openfabric AI (OFN) to Icelandic Króna (ISK) is 5.64 ISK today.
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ISK
Last updated as of 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter provides OFN to ISK real-time exchange rates, making it easy to convert Openfabric AI (OFN) to Icelandic Króna (ISK). The conversion result is based on real-time data. The conversion result shows that 1 OFN is currently valued at 5.64 ISK. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 OFN is currently valued at 5.64 ISK, which means buying 5 OFN would cost 28.22 ISK. Similarly, kr1 ISK can be converted to 0.1772 OFN, and kr50 ISK can be converted to 0.8859 OFN, excluding any platform or gas fees.

Convert OFN to ISK

Convert ISK to OFN

Openfabric AI
Icelandic Króna
200 OFN
1,128.77  ISK
500 OFN
2,821.94  ISK
1000 OFN
5,643.87  ISK
5000 OFN
28,219.35  ISK
10000 OFN
56,438.7  ISK
In the table above, you'll find a comprehensive OFN to ISK converter that shows the value of Openfabric AI in Icelandic Króna across commonly used conversion amounts. The list covers conversions from 1 OFN to ISK, all the way up to 10000 OFN, providing a clear view of their respective values.
Icelandic Króna
Openfabric AI
100000 ISK
17,718.34 OFN
In the table above, you'll find a comprehensive ISK to OFN converter that shows the value of Icelandic Króna in Openfabric AI across commonly used conversion amounts. The list covers conversions from 1 ISK to OFN, all the way up to 100000 ISK, providing a clear view of their respective values.

OFN to ISK chart

OFN/ISK: 1 OFN = 5.64 ISK; 2025/04/27 12:33:13
In the past 1D, Openfabric AI has changed +2.72% to ISK. Based on the trend and price charts, Openfabric AI(OFN) has changed +2.72% to ISK while Icelandic Króna(ISK) has changed % to OFN in the last 24 hours.
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OFN to ISK conversion data: Volatility and price changes of Openfabric AI in ISK

The highest Openfabric AI price in ISK over the past 7 days was 5.75 ISK while the lowest Openfabric AI price in ISK over the past 7 days was 4.77 ISK. The relative change between the highs and lows in Openfabric AI price in ISK over the last 7 days indicates a volatility of %. You can view additional volatility data and OFN to ISK prices for the past 24 hours, 30 days, and 90 days in the table above.
Last 24 hoursLast 7 daysLast 30 daysLast 90 days
High
5.75 ISK
5.75 ISK
5.98 ISK
12.63 ISK
Low
5.11 ISK
4.77 ISK
4.31 ISK
3.7 ISK
Average
0 ISK
0 ISK
0 ISK
0 ISK
Volatility
%
%
%
%
Change
+2.72%
+11.53%
-6.63%
-46.40%

Openfabric AI information

OFN to ISK market statistics

OFN/ISK:
kr5.64
OFN 24h volume:
kr24,849,848.31
OFN market cap:
kr846,477,517.41
OFN circulating supply:
149.98M OFN

Current OFN to ISK exchange rate

Openfabric AI to Icelandic Króna is rising this week.
Openfabric AI's current market price is kr5.64 per OFN, with a total market cap of kr846,477,517.41 ISK based on a circulating supply of 149,981,760 OFN. The trading volume of Openfabric AI has changed by +45.90% (kr7,817,995.25 ISK) in the last 24 hours. Last trading day, OFN's trading volume was kr17,031,853.05.

More info about Openfabric AI on Bitget

Icelandic Króna information

About the Icelandic Króna (ISK)

What Is the Icelandic Króna (ISK)?

The Icelandic Króna, abbreviated as ISK and often denoted by the currency sign “kr”, is the official currency of Iceland. The Icelandic Króna is a unique currency, given that Iceland is one of the smallest countries by population to have its own currency and monetary policy. The Icelandic Króna is the sole legal tender in Iceland, and it is used for all transactions within the country.

The Iceland Krona is issued by the Central Bank of Iceland (Seðlabanki Íslands). The Central Bank is responsible for the production and distribution of the currency, as well as for managing Iceland's monetary policy and maintaining the stability of the króna.

What Is the History of ISK?

The króna's roots trace back to the Scandinavian Monetary Union, drawing its name from the Latin word 'corona' meaning 'crown'. Initially, Iceland used the Danish krone, but started issuing its own banknotes in 1885. The Icelandic króna became distinct from the Danish krone after World War I and Icelandic sovereignty in 1918. Due to high inflation, the króna was revalued in 1981, with 100 old króna (ISJ) equating to 1 new króna (ISK).

Notes and Coins of ISK

The Icelandic Króna (ISK) comprises a variety of coins and banknotes, each with distinct values and designs. Coins in circulation include denominations of 1 króna, 5 krónur, 10 krónur, 50 krónur, and 100 krónur. The Central Bank of Iceland issues notes in denominations of 500 krónur, 1000 krónur, 2000 krónur, 5000 krónur, and the highest value of 10,000 krónur.

Is ISK a Stable Currency?

The Icelandic Króna (ISK) has historically been subject to considerable volatility, reflecting the challenges of maintaining currency stability in a small, open economy. Particularly impacted by the 2008 financial crisis, the króna saw a dramatic devaluation, with the exchange rate plummeting from about 90 króna to the euro at the start of 2008 to around 340 króna to the euro by the end of the year. This instability was a direct consequence of the collapse of Iceland's banking sector, which underscored the currency's vulnerability to global economic shifts. Moreover, the króna's value against major currencies like the US Dollar has also been prone to significant fluctuations. For instance, in the first half of 2006, the exchange rate ranged between 50 and 80 króna per US Dollar, but by late 2008, it had depreciated to approximately 135 króna per Dollar. These examples highlight the challenges faced by the Central Bank of Iceland in stabilizing a currency heavily influenced by external economic factors and the dynamics of Iceland's tourism and fisheries-dependent economy.

Is ISK Pegged to EUR?

No, the Iceland Krona (ISK) is not pegged to the Euro. Iceland maintains its own independent currency and monetary policy through the Central Bank of Iceland (Seðlabanki Íslands). The value of the Icelandic króna is determined by the foreign exchange market, meaning it is subject to fluctuations based on market dynamics, rather than being fixed or pegged to the Euro or any other currency.

Will Iceland Adopt the Euro as Its Currency?

As of January 2024, Iceland had not made any definitive plans to adopt the Euro as its official currency. The consideration of adopting the Euro is intertwined with the broader issue of European Union (EU) membership, which Iceland has approached with caution. Following the severe impact of the 2008 financial crisis on the Icelandic economy and the Icelandic Króna (ISK), there was increased discussion about the potential benefits of Euro adoption, such as enhanced economic stability and reduced currency volatility. However, such a move would require Iceland to cede control over its monetary policy to the European Central Bank, a significant concession for a country that values its economic sovereignty. Additionally, public opinion in Iceland has been divided on this issue, reflecting concerns about national independence and the implications for key sectors like fisheries.

Bitget crypto-to-fiat exchange data shows that the most popular Openfabric AI currency pair is the OFN to ISK, with for Openfabric AI's currency code being OFN. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for ISK.

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How to convert OFN to ISK

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OFN to ISK Conversion tables

The exchange rate of Openfabric AI is decreasing.
The exchange rate of 1 OFN to Icelandic Króna has changed by +11.53% in the last 7 days. In the last 24 hours, the rate has fluctuated by +2.72%, reaching a high of 5.75 ISK and a low of 5.11 ISK . One month ago, the value of 1 OFN was kr6.04 ISK , which represents a -6.63% change from its current value. Over the last year, Openfabric AI has changed by
-kr
62.22ISK
, resulting in a change of -91.68% in its value.
24 hours ago1 month ago1 year ago
Amount12:33 today24 hours ago24h change
0.5 OFNkr2.82kr2.75
+2.72%
1 OFNkr5.64kr5.49
+2.72%
5 OFNkr28.22kr27.47
+2.72%
10 OFNkr56.44kr54.94
+2.72%
50 OFNkr282.19kr274.71
+2.72%
100 OFNkr564.39kr549.42
+2.72%
500 OFNkr2,821.94kr2,747.12
+2.72%
1000 OFNkr5,643.87kr5,494.25
+2.72%

OFN to ISK FAQ

How much is 1 Openfabric AI in ISK?
Right now, the price of 1 Openfabric AI (OFN) in Icelandic Króna (ISK) is kr5.64.
How much OFN can I buy for 1 ISK?
Based on the current exchange rate, you can get 0.1772 OFN for 1 ISK.
How do I calculate or convert OFN to ISK?
You can use our OFN to ISK calculator at the top of this page to convert any amount of OFN to ISK. We've also included quick-reference tables for the most popular conversions. For example, 5 ISK is equivalent to 0.8859 OFN, while 5 OFN will cost around 28.22ISK.
What is the highest price of OFN/ISK in history?
The all-time high price of 1 OFN in ISK is kr116.12. It remains to be seen if the value of 1 OFN/ISK will exceed the current all-time high.
What is the price trend of Openfabric AI in ISK?
Over the past 7 days, the exchange rate of Openfabric AI (OFN) has gone up by 11.53%.   Over the last month, the exchange rate of Openfabric AI (OFN) has gone down by 6.63% against Icelandic Króna (ISK).

What factors influence the conversion rate of OFN to ISK?

There are many factors that affect the relationship between Openfabric AI and Icelandic Króna, spanning multiple dimensions such as macroeconomic trends, policy regulation, and technological innovation. Specifically, the following key factors play an important role:
Market sentiment:Investor sentiment and confidence have a significant impact on the dynamics of OFN/ISK. When there is positive news in the market about the widespread adoption of OFN or major technological breakthroughs, it tends to trigger market optimism and drive the rise of OFN/ISK. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in OFN/ISK.
Regulatory environment:Government policies and regulations surrounding cryptocurrencies have a direct impact on their acceptance, which in turn determines their value relative to traditional currencies such as the US dollar. Clear and supportive regulations can enhance investor confidence in cryptocurrencies and drive their value up. Conversely, vague or overly strict regulatory policies may hinder the development of cryptocurrencies and cause their value to fall.
Economic indicators:Macroeconomic factors in the country where the fiat currency is issued—such as inflation rates, interest rates, and key economic growth indicators—play a crucial role in determining the fiat currency's value and indirectly affect the exchange rate of OFN/ISK. For example, high inflation rates may lead to a decrease in market trust in fiat currencies, thereby increasing investors' demand for cryptocurrencies such as Bitcoin as a hedge, driving up their prices.
Technological progress:The continuous development and innovation of blockchain technology, as well as various improvements in the cryptocurrency ecosystem—such as expansion solutions and security enhancements—have provided strong support for the value growth of cryptocurrencies like Bitcoin.
Investors must understand these dynamics to avoid making wrong decisions. After considering these factors, investors should also closely monitor future changes in the price of Openfabric AI and adjust their investment strategies accordingly in the evolving market.

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This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Bitget to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Bitget exchange as well as other cryptocurrency exchanges and market data platforms. Bitget may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Bitget is not liable for any errors or delays in content or for any actions taken in reliance on any content.