About this pair
AED/ISK: what to know
The AED/ISK rate shows how much ISK you get for 1 AED. Right now, 1 AED buys 32.7363 ISK at the mid-market rate. In the other direction, 1 ISK is worth 0.0305 AED.
In the short term AED is driven mainly by its peg to the US dollar, while ISK responds to tourism, fishing and commodity prices.
The UAE Dirham (AED) is issued by Central Bank of the UAE. The dirham is pegged to the US dollar. The Icelandic Krona (ISK) is issued by Central Bank of Iceland. After the 2008 crisis Iceland withdrew its cents (aurar) — only whole krónur circulate.
Use this mid-market figure as your benchmark: compare it with the rate your bank or broker quotes, and the difference is the margin you would pay.