About this pair
ISK/USD: what to know
The ISK/USD rate shows how much USD you get for 1 ISK. Right now, 1 ISK buys 0.00831725 USD at the mid-market rate. In the other direction, 1 USD is worth 120.2320 ISK.
In the short term ISK is driven mainly by tourism, fishing and commodity prices, while USD responds to Fed policy, US growth and global risk appetite.
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 US Dollar (USD) is issued by Federal Reserve (Fed). Most of the world’s central-bank reserves are held in US dollars.
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.