About this pair
ISK/CNH: what to know
The ISK/CNH rate shows how much CNH you get for 1 ISK. Right now, 1 ISK buys 0.0558 CNH at the mid-market rate. In the other direction, 1 CNH is worth 17.9280 ISK.
In the short term ISK is driven mainly by tourism, fishing and commodity prices, while CNH responds to sentiment toward China and offshore flows.
The Icelandic Krona (ISK) is issued by Central Bank of Iceland. After the 2008 crisis Iceland withdrew its cents (aurar) — only whole krónur circulate. CNH is the “offshore” version of the Chinese yuan, traded mainly in Hong Kong — hence the “H”.
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.