About this pair
SEK/ISK: what to know
The SEK/ISK rate shows how much ISK you get for 1 SEK. Right now, 1 SEK buys 12.3942 ISK at the mid-market rate. In the other direction, 1 ISK is worth 0.0807 SEK.
In the short term SEK is driven mainly by European growth and euro moves, while ISK responds to tourism, fishing and commodity prices.
The Swedish Krona (SEK) is issued by Sveriges Riksbank. “Krona” means “crown”. 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.