About this pair
ISK/CZK: what to know
The ISK/CZK rate shows how much CZK you get for 1 ISK. Right now, 1 ISK buys 0.1738 CZK at the mid-market rate. In the other direction, 1 CZK is worth 5.7534 ISK.
In the short term ISK is driven mainly by tourism, fishing and commodity prices, while CZK responds to Czech central-bank policy and euro moves.
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 Czech Koruna (CZK) is issued by Czech National Bank. “Koruna” means “crown”.
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.