Icelandic Krona to South Korean Won — ISK to KRW
ISK to KRW Converter
ISK/KRW Rate — Last 30 Days
ISK fell 1.13% vs KRW this week — a clear short-term downtrend. Watch whether this continues or reverses.
The 7-day average rate is below the 30-day average — recent momentum favors KRW strengthening vs ISK. The trend may continue until a catalyst (rate decision, economic data) reverses it.
The rate is at its lowest point in 30 days. ISK is under significant selling pressure. At lows, a bounce is possible — but only if the fundamental drivers change.
RSI of 11 means ISK has fallen fast relative to KRW and may be oversold. RSI below 30 often precedes a bounce — but in a strong downtrend, the rate can stay oversold for weeks.
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Rate Statistics
| Period | High | Low | Average |
|---|---|---|---|
| 7 days | 11.9789 | 11.8441 | 11.9172 |
| 30 days | 12.4782 | 11.8441 | 12.1851 |
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Set a target rate — we email you when ISK/KRW hits it. Checked every 15 minutes.
Historical ISK/KRW Rates by Year
What drives the ISK/KRW rate?
Whether you're converting ISK for travel, business, or investment, here's what drives the ISK to KRW exchange rate. The ISK/KRW exchange rate is determined by supply and demand in global currency markets, influenced by interest rate decisions from both central banks, economic data releases, inflation figures, and broader risk sentiment in financial markets. Trade flows between the two countries or regions also play an important role in long-term rate direction.
How to get the best ISK to KRW rate
The rate shown above is the interbank mid-market rate — the real exchange rate used between financial institutions. Individual customers cannot access this rate directly. Banks typically add a 2–3% spread on top, meaning you receive significantly less than the rate shown.
Online transfer services like Wise offer rates very close to the interbank rate with a small transparent fee of 0.5–1%. On a $1,000 ISK exchange this typically saves $15–25 compared to a bank. Airport exchange booths charge the highest fees — often 5–8% above the interbank rate — and should be avoided for large amounts.