ISK/BTC: what to know
The ISK/BTC rate shows how much BTC you get for 1 ISK. Right now, 1 ISK buys 0.000000108409 BTC at the mid-market rate. In the other direction, 1 BTC is worth 9,224,306.11 ISK.
In the short term ISK is driven mainly by tourism, fishing and commodity prices, while BTC responds to crypto-market sentiment and liquidity.
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 supply is capped at 21 million coins.
Because this pair involves a cryptocurrency, expect much higher volatility than typical fiat pairs. 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.