ISK/TRY: what to know
The ISK/TRY rate shows how much TRY you get for 1 ISK. Right now, 1 ISK buys 0.4009 TRY at the mid-market rate. In the other direction, 1 TRY is worth 2.4943 ISK.
In the short term ISK is driven mainly by tourism, fishing and commodity prices, while TRY responds to high inflation and central-bank policy.
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 Turkish Lira (TRY) is issued by Central Bank of Türkiye. In 2005 Türkiye removed six zeros: 1,000,000 old lira became 1 new lira.
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.