ETH/ISK: what to know
The ETH/ISK rate shows how much ISK you get for 1 ETH. Right now, 1 ETH buys 301,177.67 ISK at the mid-market rate. In the other direction, 1 ISK is worth 0.00000332030 ETH.
In the short term ETH is driven mainly by network activity and crypto-market sentiment, while ISK responds to tourism, fishing and commodity prices.
Ethereum popularised programmable “smart contracts”. 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.