About this pair
ISK/RUB: what to know
The ISK/RUB rate shows how much RUB you get for 1 ISK. Right now, 1 ISK buys 0.7015 RUB at the mid-market rate. In the other direction, 1 RUB is worth 1.4255 ISK.
In the short term ISK is driven mainly by tourism, fishing and commodity prices, while RUB responds to oil and gas prices and sanctions.
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 Russian Ruble (RUB) is issued by Bank of Russia. The ruble is one of Europe’s oldest currencies, used since the 13th century.
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.