IDR/ISK: what to know
The IDR/ISK rate shows how much ISK you get for 1 IDR. Right now, 1 IDR buys 0.00685323 ISK at the mid-market rate. In the other direction, 1 ISK is worth 145.9167 IDR.
In the short term IDR is driven mainly by commodity prices and capital flows, while ISK responds to tourism, fishing and commodity prices.
The Indonesian Rupiah (IDR) is issued by Bank Indonesia. The rupiah has some of the world’s highest denominations — notes go up to 100,000. 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.