About this pair
HKD/ISK: what to know
The HKD/ISK rate shows how much ISK you get for 1 HKD. Right now, 1 HKD buys 15.3197 ISK at the mid-market rate. In the other direction, 1 ISK is worth 0.0653 HKD.
In the short term HKD is driven mainly by its peg to the US dollar, while ISK responds to tourism, fishing and commodity prices.
The Hong Kong Dollar (HKD) is issued by Hong Kong Monetary Authority. Most banknotes are issued by three commercial banks, not a central bank. 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.