XRP/ISK: what to know
The XRP/ISK rate shows how much ISK you get for 1 XRP. Right now, 1 XRP buys 163.0888 ISK at the mid-market rate. In the other direction, 1 ISK is worth 0.00613163 XRP.
In the short term XRP is driven mainly by crypto-market sentiment and regulation, while ISK responds to tourism, fishing and commodity prices.
XRP is designed for fast, low-cost payments and cross-border settlement. The Icelandic Krona (ISK) is issued by Central Bank of Iceland. After the 2008 crisis Iceland withdrew its cents (aurar) — only whole krónur circulate.
Because this pair involves a cryptocurrency, expect much higher volatility than typical fiat pairs. 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.