About this pair
USD/ISK: what to know
The USD/ISK rate shows how much ISK you get for 1 USD. Right now, 1 USD buys 124.2863 ISK at the mid-market rate. In the other direction, 1 ISK is worth 0.008046 USD.
In the short term USD is driven mainly by Fed policy, US growth and global risk appetite, while ISK responds to tourism, fishing and commodity prices.
The US Dollar (USD) is issued by Federal Reserve (Fed). Most of the world’s central-bank reserves are held in US dollars. 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.