RON/ISK: what to know
The RON/ISK rate shows how much ISK you get for 1 RON. Right now, 1 RON buys 26.5425 ISK at the mid-market rate. In the other direction, 1 ISK is worth 0.0377 RON.
In the short term RON is driven mainly by regional sentiment and euro moves, while ISK responds to tourism, fishing and commodity prices.
The Romanian Leu (RON) is issued by National Bank of Romania. “Leu” means “lion”. 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.