About this pair
KRW/ISK: what to know
The KRW/ISK rate shows how much ISK you get for 1 KRW. Right now, 1 KRW buys 0.0896 ISK at the mid-market rate. In the other direction, 1 ISK is worth 11.1583 KRW.
In the short term KRW is driven mainly by tech exports and global risk appetite, while ISK responds to tourism, fishing and commodity prices.
The South Korean Won (KRW) is issued by Bank of Korea. “Won” shares a root with yen and yuan, meaning “round”. The Icelandic Krona (ISK) is issued by Central Bank of Iceland. After the 2008 crisis Iceland withdrew its cents (aurar) — only whole krónur circulate.
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.