South Korean Won to Icelandic Krona — KRW to ISK
KRW to ISK Converter
KRW/ISK Rate — Last 30 Days
KRW gained 2.47% vs ISK this week — a clear short-term uptrend. If momentum holds, KRW may continue to strengthen.
The 7-day average rate is above the 30-day average — recent momentum favors KRW strengthening vs ISK. Uptrends can persist, but watch for a mean-reversion pullback.
3 consecutive days where KRW gained vs ISK. Consistent streaks indicate sustained buying pressure — but longer streaks increase the odds of a short-term pullback.
The rate is at its highest point in 30 days. Strong bullish momentum — KRW buyers are in control. At highs, watch for resistance and potential reversal.
RSI above 50 means buyers are in control over the recent period. At 68, momentum is moderately bullish — not extreme, suggesting the trend has room to continue without being overextended.
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Rate Statistics
| Period | High | Low | Average |
|---|---|---|---|
| 7 days | 0.0835 | 0.0815 | 0.0824 |
| 30 days | 0.0835 | 0.0801 | 0.0818 |
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Historical KRW/ISK Rates by Year
What drives the KRW/ISK rate?
Whether you're converting KRW for travel, business, or investment, here's what drives the KRW to ISK exchange rate. The KRW/ISK 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 KRW to ISK 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 KRW 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.