About this pair
RUB/ISK: what to know
The RUB/ISK rate shows how much ISK you get for 1 RUB. Right now, 1 RUB buys 1.4271 ISK at the mid-market rate. In the other direction, 1 ISK is worth 0.7007 RUB.
In the short term RUB is driven mainly by oil and gas prices and sanctions, while ISK responds to tourism, fishing and commodity prices.
The Russian Ruble (RUB) is issued by Bank of Russia. The ruble is one of Europe’s oldest currencies, used since the 13th century. 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.