ISK/UAH: what to know
The ISK/UAH rate shows how much UAH you get for 1 ISK. Right now, 1 ISK buys 0.3696 UAH at the mid-market rate. In the other direction, 1 UAH is worth 2.7054 ISK.
In the short term ISK is driven mainly by tourism, fishing and commodity prices, while UAH responds to the economic situation and international support.
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 Ukrainian Hryvnia (UAH) is issued by National Bank of Ukraine. The name “hryvnia” comes from a medieval silver weight unit used in Kievan Rus.
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.