About this pair
ISK/CAD: what to know
The ISK/CAD rate shows how much CAD you get for 1 ISK. Right now, 1 ISK buys 0.0115 CAD at the mid-market rate. In the other direction, 1 CAD is worth 86.6781 ISK.
In the short term ISK is driven mainly by tourism, fishing and commodity prices, while CAD responds to oil prices and the US economy.
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 Canadian Dollar (CAD) is issued by Bank of Canada. The C$1 coin is the “loonie” (after the loon bird) and the C$2 is the “toonie”.
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.