ISK/RON: what to know
The ISK/RON rate shows how much RON you get for 1 ISK. Right now, 1 ISK buys 0.0377 RON at the mid-market rate. In the other direction, 1 RON is worth 26.5425 ISK.
In the short term ISK is driven mainly by tourism, fishing and commodity prices, while RON responds to regional sentiment and euro moves.
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 Romanian Leu (RON) is issued by National Bank of Romania. “Leu” means “lion”.
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.