About this pair
ISK/THB: what to know
The ISK/THB rate shows how much THB you get for 1 ISK. Right now, 1 ISK buys 0.2748 THB at the mid-market rate. In the other direction, 1 THB is worth 3.6384 ISK.
In the short term ISK is driven mainly by tourism, fishing and commodity prices, while THB responds to tourism and trade flows.
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 Thai Baht (THB) is issued by Bank of Thailand. “Baht” was historically a unit of weight for silver.
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.