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SQR to ISK Converter and calculator

SQR/ISK: 1 SQR = 1 ISK. The price of converting 1 Magic Square (SQR) to Icelandic Króna (ISK) is 1 ISK today.
SQR
SQR
ISK
Last updated as of 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter provides SQR to ISK real-time exchange rates, making it easy to convert Magic Square (SQR) to Icelandic Króna (ISK). The conversion result is based on real-time data. The conversion result shows that 1 SQR is currently valued at 1.00 ISK. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 SQR is currently valued at 1.00 ISK, which means buying 5 SQR would cost 5.01 ISK. Similarly, kr1 ISK can be converted to 0.9987 SQR, and kr50 ISK can be converted to 4.99 SQR, excluding any platform or gas fees.

Convert SQR to ISK

Convert ISK to SQR

Magic Square
Icelandic Króna
1000 SQR
1,001.27  ISK
5000 SQR
5,006.35  ISK
10000 SQR
10,012.69  ISK
In the table above, you'll find a comprehensive SQR to ISK converter that shows the value of Magic Square in Icelandic Króna across commonly used conversion amounts. The list covers conversions from 1 SQR to ISK, all the way up to 10000 SQR, providing a clear view of their respective values.
Icelandic Króna
Magic Square
50000 ISK
49,936.63 SQR
100000 ISK
99,873.25 SQR
In the table above, you'll find a comprehensive ISK to SQR converter that shows the value of Icelandic Króna in Magic Square across commonly used conversion amounts. The list covers conversions from 1 ISK to SQR, all the way up to 100000 ISK, providing a clear view of their respective values.

SQR to ISK chart

SQR/ISK: 1 SQR = 1 ISK; 2025/04/28 11:25:36
In the past 1D, Magic Square has changed -0.84% to ISK. Based on the trend and price charts, Magic Square(SQR) has changed -0.84% to ISK while Icelandic Króna(ISK) has changed % to SQR in the last 24 hours.
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SQR to ISK conversion data: Volatility and price changes of Magic Square in ISK

The highest Magic Square price in ISK over the past 7 days was 1.07 ISK while the lowest Magic Square price in ISK over the past 7 days was 0.8568 ISK. The relative change between the highs and lows in Magic Square price in ISK over the last 7 days indicates a volatility of %. You can view additional volatility data and SQR 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
1.02 ISK
1.07 ISK
1.36 ISK
2.71 ISK
Low
0.9892 ISK
0.8568 ISK
0.8241 ISK
0.8241 ISK
Average
0 ISK
0 ISK
0 ISK
0 ISK
Volatility
%
%
%
%
Change
-0.84%
+16.09%
-14.58%
-61.89%

Magic Square information

SQR to ISK market statistics

SQR/ISK:
kr1
SQR 24h volume:
kr7,547,677.03
SQR market cap:
kr205,206,146.95
SQR circulating supply:
204.95M SQR

Current SQR to ISK exchange rate

Magic Square to Icelandic Króna is rising this week.
Magic Square's current market price is kr1 per SQR, with a total market cap of kr205,206,146.95 ISK based on a circulating supply of 204,946,060 SQR. The trading volume of Magic Square has changed by -5.48% (kr-437,297.11 ISK) in the last 24 hours. Last trading day, SQR's trading volume was kr7,984,974.13.

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

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How to convert SQR to ISK

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

The exchange rate of Magic Square is decreasing.
The exchange rate of 1 SQR to Icelandic Króna has changed by +16.09% in the last 7 days. In the last 24 hours, the rate has fluctuated by -0.84%, reaching a high of 1.02 ISK and a low of 0.9892 ISK . One month ago, the value of 1 SQR was kr1.17 ISK , which represents a -14.58% change from its current value. Over the last year, Magic Square has changed by
-kr
51.33ISK
, resulting in a change of -98.09% in its value.
24 hours ago1 month ago1 year ago
Amount11:25 am today24 hours ago24h change
0.5 SQRkr0.5006kr0.5049
-0.84%
1 SQRkr1kr1.01
-0.84%
5 SQRkr5.01kr5.05
-0.84%
10 SQRkr10.01kr10.1
-0.84%
50 SQRkr50.06kr50.49
-0.84%
100 SQRkr100.13kr100.97
-0.84%
500 SQRkr500.63kr504.86
-0.84%
1000 SQRkr1,001.27kr1,009.73
-0.84%

SQR to ISK FAQ

How much is 1 Magic Square in ISK?
Right now, the price of 1 Magic Square (SQR) in Icelandic Króna (ISK) is kr1.
How much SQR can I buy for 1 ISK?
Based on the current exchange rate, you can get 0.9987 SQR for 1 ISK.
How do I calculate or convert SQR to ISK?
You can use our SQR to ISK calculator at the top of this page to convert any amount of SQR to ISK. We've also included quick-reference tables for the most popular conversions. For example, 5 ISK is equivalent to 4.99 SQR, while 5 SQR will cost around 5.01ISK.
What is the highest price of SQR/ISK in history?
The all-time high price of 1 SQR in ISK is kr100.26. It remains to be seen if the value of 1 SQR/ISK will exceed the current all-time high.
What is the price trend of Magic Square in ISK?
Over the past 7 days, the exchange rate of Magic Square (SQR) has gone up by 16.09%.   Over the last month, the exchange rate of Magic Square (SQR) has gone down by 14.58% against Icelandic Króna (ISK).

What factors influence the conversion rate of SQR to ISK?

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