About this pair
GBP/ISK: what to know
The GBP/ISK rate shows how much ISK you get for 1 GBP. Right now, 1 GBP buys 166.8742 ISK at the mid-market rate. In the other direction, 1 ISK is worth 0.005993 GBP.
In the short term GBP is driven mainly by Bank of England policy and the UK economy, while ISK responds to tourism, fishing and commodity prices.
The British Pound (GBP) is issued by Bank of England. The pound sterling has been in use for over 1,200 years. 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.