About this pair
CNH/ISK: what to know
The CNH/ISK rate shows how much ISK you get for 1 CNH. Right now, 1 CNH buys 17.9280 ISK at the mid-market rate. In the other direction, 1 ISK is worth 0.0558 CNH.
In the short term CNH is driven mainly by sentiment toward China and offshore flows, while ISK responds to tourism, fishing and commodity prices.
CNH is the “offshore” version of the Chinese yuan, traded mainly in Hong Kong — hence the “H”. 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.