LTC/ISK: what to know
The LTC/ISK rate shows how much ISK you get for 1 LTC. Right now, 1 LTC buys 6,604.35 ISK at the mid-market rate. In the other direction, 1 ISK is worth 0.000151415 LTC.
In the short term LTC is driven mainly by crypto-market sentiment, while ISK responds to tourism, fishing and commodity prices.
Litecoin was created in 2011 as the “silver to Bitcoin’s gold”. The Icelandic Krona (ISK) is issued by Central Bank of Iceland. After the 2008 crisis Iceland withdrew its cents (aurar) — only whole krónur circulate.
Because this pair involves a cryptocurrency, expect much higher volatility than typical fiat pairs. 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.