About this pair
THB/ISK: what to know
The THB/ISK rate shows how much ISK you get for 1 THB. Right now, 1 THB buys 3.6384 ISK at the mid-market rate. In the other direction, 1 ISK is worth 0.2748 THB.
In the short term THB is driven mainly by tourism and trade flows, while ISK responds to tourism, fishing and commodity prices.
The Thai Baht (THB) is issued by Bank of Thailand. “Baht” was historically a unit of weight for silver. 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.