UAH/ISK: what to know
The UAH/ISK rate shows how much ISK you get for 1 UAH. Right now, 1 UAH buys 2.7054 ISK at the mid-market rate. In the other direction, 1 ISK is worth 0.3696 UAH.
In the short term UAH is driven mainly by the economic situation and international support, while ISK responds to tourism, fishing and commodity prices.
The Ukrainian Hryvnia (UAH) is issued by National Bank of Ukraine. The name “hryvnia” comes from a medieval silver weight unit used in Kievan Rus. 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.