ISK/AUD: what to know
The ISK/AUD rate shows how much AUD you get for 1 ISK. Right now, 1 ISK buys 0.0116 AUD at the mid-market rate. In the other direction, 1 AUD is worth 86.2575 ISK.
In the short term ISK is driven mainly by tourism, fishing and commodity prices, while AUD responds to commodity prices and Chinese demand.
The Icelandic Krona (ISK) is issued by Central Bank of Iceland. After the 2008 crisis Iceland withdrew its cents (aurar) — only whole krónur circulate. The Australian Dollar (AUD) is issued by Reserve Bank of Australia. Australia pioneered polymer banknotes in 1988 — more durable and harder to counterfeit.
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.