ISK/SGD: what to know
The ISK/SGD rate shows how much SGD you get for 1 ISK. Right now, 1 ISK buys 0.0106 SGD at the mid-market rate. In the other direction, 1 SGD is worth 94.2630 ISK.
In the short term ISK is driven mainly by tourism, fishing and commodity prices, while SGD responds to the MAS-managed currency basket.
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 Singapore Dollar (SGD) is issued by Monetary Authority of Singapore. The Singapore and Brunei dollars are interchangeable at par.
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.