NZD/ISK: what to know
The NZD/ISK rate shows how much ISK you get for 1 NZD. Right now, 1 NZD buys 69.8784 ISK at the mid-market rate. In the other direction, 1 ISK is worth 0.0143 NZD.
In the short term NZD is driven mainly by soft-commodity prices and risk appetite, while ISK responds to tourism, fishing and commodity prices.
The New Zealand Dollar (NZD) is issued by Reserve Bank of New Zealand. The New Zealand dollar is nicknamed the “Kiwi”, after the bird on the $1 coin. 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.