About this pair
ISK/CHF: what to know
The ISK/CHF rate shows how much CHF you get for 1 ISK. Right now, 1 ISK buys 0.00679103 CHF at the mid-market rate. In the other direction, 1 CHF is worth 147.2530 ISK.
In the short term ISK is driven mainly by tourism, fishing and commodity prices, while CHF responds to safe-haven demand and SNB policy.
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 Swiss Franc (CHF) is issued by Swiss National Bank (SNB). In uncertain times investors park money in the franc to preserve value.
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.