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RAFF to ISK Converter and calculator

RAFF/ISK: 1 RAFF = 10.59 ISK. The price of converting 1 Ton Raffles (RAFF) to Icelandic Króna (ISK) is 10.59 ISK today.
RAFF
RAFF
ISK
Last updated as of 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter provides RAFF to ISK real-time exchange rates, making it easy to convert Ton Raffles (RAFF) to Icelandic Króna (ISK). The conversion result is based on real-time data. The conversion result shows that 1 RAFF is currently valued at 10.59 ISK. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 RAFF is currently valued at 10.59 ISK, which means buying 5 RAFF would cost 52.96 ISK. Similarly, kr1 ISK can be converted to 0.09442 RAFF, and kr50 ISK can be converted to 0.4721 RAFF, excluding any platform or gas fees.

Convert RAFF to ISK

Convert ISK to RAFF

Ton Raffles
Icelandic Króna
100 RAFF
1,059.14  ISK
200 RAFF
2,118.29  ISK
500 RAFF
5,295.72  ISK
1000 RAFF
10,591.44  ISK
5000 RAFF
52,957.2  ISK
10000 RAFF
105,914.4  ISK
In the table above, you'll find a comprehensive RAFF to ISK converter that shows the value of Ton Raffles in Icelandic Króna across commonly used conversion amounts. The list covers conversions from 1 RAFF to ISK, all the way up to 10000 RAFF, providing a clear view of their respective values.
Icelandic Króna
Ton Raffles
50000 ISK
4,720.79 RAFF
100000 ISK
9,441.59 RAFF
In the table above, you'll find a comprehensive ISK to RAFF converter that shows the value of Icelandic Króna in Ton Raffles across commonly used conversion amounts. The list covers conversions from 1 ISK to RAFF, all the way up to 100000 ISK, providing a clear view of their respective values.

RAFF to ISK chart

RAFF/ISK: 1 RAFF = 10.59 ISK; 2025/04/26 10:40:37
In the past 1D, Ton Raffles has changed +1.91% to ISK. Based on the trend and price charts, Ton Raffles(RAFF) has changed +1.91% to ISK while Icelandic Króna(ISK) has changed % to RAFF in the last 24 hours.
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RAFF to ISK conversion data: Volatility and price changes of Ton Raffles in ISK

The highest Ton Raffles price in ISK over the past 7 days was 10.55 ISK while the lowest Ton Raffles price in ISK over the past 7 days was 10.11 ISK. The relative change between the highs and lows in Ton Raffles price in ISK over the last 7 days indicates a volatility of %. You can view additional volatility data and RAFF 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
10.55 ISK
10.55 ISK
11.81 ISK
17.11 ISK
Low
10.35 ISK
10.11 ISK
10.02 ISK
8.78 ISK
Average
0 ISK
0 ISK
0 ISK
0 ISK
Volatility
%
%
%
%
Change
+1.91%
+2.37%
-3.65%
-37.87%

Ton Raffles information

RAFF to ISK market statistics

RAFF/ISK:
kr10.59
RAFF 24h volume:
--
RAFF market cap:
--
RAFF circulating supply:
0 RAFF

Current RAFF to ISK exchange rate

Ton Raffles to Icelandic Króna is rising this week.
Ton Raffles's current market price is kr10.59 per RAFF, with a total market cap of kr0 ISK based on a circulating supply of -- RAFF. The trading volume of Ton Raffles has changed by -100.00% (kr-- ISK) in the last 24 hours. Last trading day, RAFF's trading volume was kr--.

More info about Ton Raffles 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 Ton Raffles currency pair is the RAFF to ISK, with for Ton Raffles's currency code being RAFF. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for ISK.

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How to convert RAFF to ISK

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Buy RAFF (or USDT) for ISK (Icelandic Króna) offers
Bitget P2P trading does not currently support direct buying of RAFF with ISK. However, you can buy USDT in Bitget P2P trading first, and then buy RAFF with USDT via Bitget spot market.
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RAFF to ISK Conversion tables

The exchange rate of Ton Raffles is decreasing.
The exchange rate of 1 RAFF to Icelandic Króna has changed by +2.37% in the last 7 days. In the last 24 hours, the rate has fluctuated by +1.91%, reaching a high of 10.55 ISK and a low of 10.35 ISK . One month ago, the value of 1 RAFF was kr10.99 ISK , which represents a -3.65% change from its current value. Over the last year, Ton Raffles has changed by
-kr
81.89ISK
, resulting in a change of -88.59% in its value.
24 hours ago1 month ago1 year ago
Amount10:40 am today24 hours ago24h change
0.5 RAFFkr5.3kr5.2
+1.91%
1 RAFFkr10.59kr10.39
+1.91%
5 RAFFkr52.96kr51.97
+1.91%
10 RAFFkr105.91kr103.94
+1.91%
50 RAFFkr529.57kr519.68
+1.91%
100 RAFFkr1,059.14kr1,039.36
+1.91%
500 RAFFkr5,295.72kr5,196.82
+1.91%
1000 RAFFkr10,591.44kr10,393.65
+1.91%

RAFF to ISK FAQ

How much is 1 Ton Raffles in ISK?
Right now, the price of 1 Ton Raffles (RAFF) in Icelandic Króna (ISK) is kr10.59.
How much RAFF can I buy for 1 ISK?
Based on the current exchange rate, you can get 0.09442 RAFF for 1 ISK.
How do I calculate or convert RAFF to ISK?
You can use our RAFF to ISK calculator at the top of this page to convert any amount of RAFF to ISK. We've also included quick-reference tables for the most popular conversions. For example, 5 ISK is equivalent to 0.4721 RAFF, while 5 RAFF will cost around 52.96ISK.
What is the highest price of RAFF/ISK in history?
The all-time high price of 1 RAFF in ISK is kr21,500.54. It remains to be seen if the value of 1 RAFF/ISK will exceed the current all-time high.
What is the price trend of Ton Raffles in ISK?
Over the past 7 days, the exchange rate of Ton Raffles (RAFF) has gone up by 2.37%.   Over the last month, the exchange rate of Ton Raffles (RAFF) has gone down by 3.65% against Icelandic Króna (ISK).

What factors influence the conversion rate of RAFF to ISK?

There are many factors that affect the relationship between Ton Raffles 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 RAFF/ISK. When there is positive news in the market about the widespread adoption of RAFF or major technological breakthroughs, it tends to trigger market optimism and drive the rise of RAFF/ISK. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in RAFF/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 RAFF/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 Ton Raffles 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.