About this pair
ISK/HKD: what to know
The ISK/HKD rate shows how much HKD you get for 1 ISK. Right now, 1 ISK buys 0.0653 HKD at the mid-market rate. In the other direction, 1 HKD is worth 15.3197 ISK.
In the short term ISK is driven mainly by tourism, fishing and commodity prices, while HKD responds to its peg to the US dollar.
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 Hong Kong Dollar (HKD) is issued by Hong Kong Monetary Authority. Most banknotes are issued by three commercial banks, not a central bank.
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.