About this pair
ISK/EUR: what to know
The ISK/EUR rate shows how much EUR you get for 1 ISK. Right now, 1 ISK buys 0.006992 EUR at the mid-market rate. In the other direction, 1 EUR is worth 143.0237 ISK.
In the short term ISK is driven mainly by tourism, fishing and commodity prices, while EUR responds to ECB policy and eurozone 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 Euro (EUR) is issued by European Central Bank (ECB). The euro is the world’s second most-traded currency, after the US dollar.
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.