Comments on: Krona on international currency market today

By: Gus

Gus — Fri, 19 Dec 2008 00:35:12 +0000

HI ESTONIAN!! 5000 EUROS? YOU WILL BE ABLE TO BUY AN APARTMENT DOWNTOWN REYKJAVÍK WITH INCREDIBLE VIEWS WITH THAT MONEY IF YOU WAIT UNTIL THE END OF JANUARY… WHEN 1 EURO GETS TO 1000 ISK….

MAYBE I CAN HELP YOU WITH YOUR 5000 EUROS… I HAVE TO CHECK FIRST HOW TO DO IT IN A LEGAL WAY, I JUST DON’T WANT PEOPLE TO THINK I AM SOMEONE FROM THE GOVERNMENT :D

By: eur/isk

eur/isk — Thu, 18 Dec 2008 23:55:05 +0000

I’m interested in buying Icelandic kronas for the right price.

By: Estonian

Estonian — Sun, 14 Dec 2008 19:22:20 +0000

I plan to take 5000 EUR to Iceland in January. does anyone want to sell me ISK with a good rate? make your offers.

By: Matti

Matti — Tue, 09 Dec 2008 11:07:50 +0000

Does anybody know, how much money can you withraw on POS terminal at the bank, or on ATM with maestro card, or Mastercard of foreign bank on Iceland?

By: Knowless

Knowless — Sun, 07 Dec 2008 14:56:38 +0000

, Peter – London said:

Knowless:
“If people can trade with Iceland and receive payment for their goods in their own currency, demonstrates that the ISK has value.”

Peter – London replies
“Traders receive payment in Euro’s demonstrates their confidence in the ISK?

And I’m the idiot?”
=============================================================
Carefull now, I referred to the statement, not you personally.

Who said anything about a traders confidence in the IsKr?
Not me.

Trade confidence is sealed by the exporter to Iceland getting paid according to the contract.
If trust is an issue, get paid up front.
Why should a trader care if its 150kr or 200kr or 250 kr to the GBP.

If someone in the UK is exporting to Lithuania,
do you think the UK exporter cares about the exchange rate of the lita/gbp?
The UK exporters only real concern is to receive a direct payment in GBP and let the Lithuanian importer worry about the exchange value of the currency.

By: cleto

cleto — Sat, 06 Dec 2008 23:03:54 +0000

If inflation soars, this can improve on tourism and exports
the question is, that products exported iceland apart from fish?

By: Peter - London

Peter - London — Sat, 06 Dec 2008 12:06:13 +0000

Knowless:
“If people can trade with Iceland and receive payment for their goods in their own currency, demonstrates that the ISK has value.”

Traders receive payment in Euro’s demonstrates their confidence in the ISK?

And I’m the idiot?

By: fishy

fishy — Fri, 05 Dec 2008 20:45:47 +0000

@Physchim62

Maybe indeed you may find a krona note in Grimsby, as Iceland has strong ties with fish supplies to Grimsby.

You could try asking in The Kent Arms Bar or The Rainbow Bar on Freeman Street…
Ask for a lovely lady called LINDA….
Lets just say she serviced many a happy Icelandic Fisherman …She could quiet possibly have received payment in Icelandic Krona..

By: Physchim62

Physchim62 — Fri, 05 Dec 2008 19:27:49 +0000

@Knowless, for a start, Ulster banknotes and Scottish banknotes aren’t even universally accepted within the UK. You prove the point that “it’s a question of trust”: only Bank of England banknotes are generally accepted abroad.

Secondly, I’ll be very interested to see if there are króna notes in Grimsby, possibly the one place outside of Iceland where one might expect to find them. I guess not, and that króna notes are worthless outside of Iceland: within Iceland, their official value is determined by the government while the real value (determined by their holders) seems somewhat lower.

By: Knowless

Knowless — Fri, 05 Dec 2008 16:32:27 +0000

Peter – London said:

“Which proves my point, the ISK is worthless outside Iceland”
=========================================================
What an idiotic irrelevant statement.
That does not mean the ISk is worthless.
If people can trade with Iceland and receive payment for their goods in their own currency, demonstrates that the ISK has value.
It does not demonstrate how much value.
Purchasing capacity of the consumer demonstrates how much value. Trade balance demonstrates overall health.

“Paper money depends on the concept of trust, that its of a know value and can be accepted and spent with the same value wherever you are”

Ever try to change an Ulster Bank note or a Scottish bank note in Finland or Poland?