About this pair
ISK/CNY: what to know
The ISK/CNY rate shows how much CNY you get for 1 ISK. Right now, 1 ISK buys 0.0558 CNY at the mid-market rate. In the other direction, 1 CNY is worth 17.9229 ISK.
In the short term ISK is driven mainly by tourism, fishing and commodity prices, while CNY responds to PBoC decisions and Chinese growth.
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 Chinese Yuan (CNY) is issued by People’s Bank of China. One yuan = 10 jiao = 100 fen.
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.