About this pair
CZK/ISK: what to know
The CZK/ISK rate shows how much ISK you get for 1 CZK. Right now, 1 CZK buys 5.7534 ISK at the mid-market rate. In the other direction, 1 ISK is worth 0.1738 CZK.
In the short term CZK is driven mainly by Czech central-bank policy and euro moves, while ISK responds to tourism, fishing and commodity prices.
The Czech Koruna (CZK) is issued by Czech National Bank. “Koruna” means “crown”. 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.