ISK/NZD: what to know
The ISK/NZD rate shows how much NZD you get for 1 ISK. Right now, 1 ISK buys 0.0143 NZD at the mid-market rate. In the other direction, 1 NZD is worth 69.9179 ISK.
In the short term ISK is driven mainly by tourism, fishing and commodity prices, while NZD responds to soft-commodity prices and risk appetite.
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 New Zealand Dollar (NZD) is issued by Reserve Bank of New Zealand. The New Zealand dollar is nicknamed the “Kiwi”, after the bird on the $1 coin.
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.