About this pair
ISK/GBP: what to know
The ISK/GBP rate shows how much GBP you get for 1 ISK. Right now, 1 ISK buys 0.00614990 GBP at the mid-market rate. In the other direction, 1 GBP is worth 162.6042 ISK.
In the short term ISK is driven mainly by tourism, fishing and commodity prices, while GBP responds to Bank of England policy and the UK economy.
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 British Pound (GBP) is issued by Bank of England. The pound sterling has been in use for over 1,200 years.
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.