EUR/ISK: what to know
The EUR/ISK rate shows how much ISK you get for 1 EUR. Right now, 1 EUR buys 142.9603 ISK at the mid-market rate. In the other direction, 1 ISK is worth 0.006995 EUR.
In the short term EUR is driven mainly by ECB policy and eurozone growth, while ISK responds to tourism, fishing and commodity prices.
The Euro (EUR) is issued by European Central Bank (ECB). The euro is the world’s second most-traded currency, after the US dollar. 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.