BTC/ISK: what to know
The BTC/ISK rate shows how much ISK you get for 1 BTC. Right now, 1 BTC buys 9,293,737.71 ISK at the mid-market rate. In the other direction, 1 ISK is worth 0.000000107599 BTC.
In the short term BTC is driven mainly by crypto-market sentiment and liquidity, while ISK responds to tourism, fishing and commodity prices.
The supply is capped at 21 million coins. The Icelandic Krona (ISK) is issued by Central Bank of Iceland. After the 2008 crisis Iceland withdrew its cents (aurar) — only whole krónur circulate.
Because this pair involves a cryptocurrency, expect much higher volatility than typical fiat pairs. 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.