About this pair
ISK/NOK: what to know
The ISK/NOK rate shows how much NOK you get for 1 ISK. Right now, 1 ISK buys 0.0773 NOK at the mid-market rate. In the other direction, 1 NOK is worth 12.9443 ISK.
In the short term ISK is driven mainly by tourism, fishing and commodity prices, while NOK responds to oil and gas prices.
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 Norwegian Krone (NOK) is issued by Norges Bank. “Krone” 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.