About this pair
COP/ISK: what to know
The COP/ISK rate shows how much ISK you get for 1 COP. Right now, 1 COP buys 0.0390 ISK at the mid-market rate. In the other direction, 1 ISK is worth 25.6468 COP.
In the short term COP is driven mainly by oil and commodity prices, while ISK responds to tourism, fishing and commodity prices.
The Colombian Peso (COP) is issued by Banco de la República. The 50,000-peso note features the writer Gabriel García Márquez. 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.