About this pair
ISK/SEK: what to know
The ISK/SEK rate shows how much SEK you get for 1 ISK. Right now, 1 ISK buys 0.0807 SEK at the mid-market rate. In the other direction, 1 SEK is worth 12.3942 ISK.
In the short term ISK is driven mainly by tourism, fishing and commodity prices, while SEK responds to European growth 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 Swedish Krona (SEK) is issued by Sveriges Riksbank. “Krona” 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.