About this pair
ISK/MYR: what to know
The ISK/MYR rate shows how much MYR you get for 1 ISK. Right now, 1 ISK buys 0.0339 MYR at the mid-market rate. In the other direction, 1 MYR is worth 29.5389 ISK.
In the short term ISK is driven mainly by tourism, fishing and commodity prices, while MYR responds to commodity prices and regional demand.
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 Malaysian Ringgit (MYR) is issued by Bank Negara Malaysia. “Ringgit” means “jagged”, after the milled edges of old Spanish silver dollars.
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.