icelandic krona

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Icelandic Krona (noun)

The "Icelandic krona" is the basic unit of money used in Iceland. Just like the US dollar is used in the United States or the euro in many European countries, the krona is the currency that people in Iceland use to buy things.

Usage Instructions:

• When you want to talk about money in Iceland, you can use the term "Icelandic krona."
• It is often abbreviated as "ISK."

Example:

• If you are visiting Iceland, you might say, "I bought a sandwich for 1,500 Icelandic krona."

Advanced Usage:

• In financial discussions, you might hear people talking about the exchange rate, which tells you how much one currency is worth compared to another. For example, "The exchange rate is 1 USD to 130 ISK."

Word Variants:

• "Krona" is often used informally to refer to the currency, especially in conversations among locals.
• The plural form is "kronur," as in "I have 20 kronur."

Different Meanings:

• The word "krona" can also mean "crown" in Swedish and some other Scandinavian languages, but when we say "Icelandic krona," we are specifically referring to the currency of Iceland.

Synonyms:

• There are no direct synonyms for "Icelandic krona," but you can refer to it as "money" or "currency" when speaking generally.

Idioms and Phrasal Verbs:

• There aren't specific idioms or phrasal verbs that use "Icelandic krona," but you might hear phrases like:
  • "To break the bank" which means to spend a lot of money. For example, "Traveling in Iceland can break the bank if you’re not careful with your krona."
  • "A penny saved is a penny earned" can relate to saving your krona for future needs.

Summary:

The Icelandic krona is the currency you need to know when discussing money in Iceland. It helps you understand prices, exchange rates, and financial transactions.

Academic

Noun

1. the basic unit of money in Iceland

Synonyms

• Icelandic krona
• krona