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AUD to ISK - Compare Exchange Rates

Australian Dollar to Icelandic Krona - Convert Compare Save

The total cost you are charged by your foreign exchange provider consists of the margin from the mid-rate offered plus any fixed or percentage fees. These margins and fees vary significantly for International Money Transfers and Travel Money transactions as shown below.

 

AUD to ISK interbank exchange rate = 85.0512

Right now the AUD/ISK interbank exchange rate is 85.0512. It’s also called the mid-market rate or just the mid-rate and is the rate that banks use when trading large amounts of foreign currencies with one another.

It's the reference rate we use to calculate how much you are being charged to convert Icelandic Krona to Australian Dollar.

This AUD/ISK Converter calculates equivalent Australian Dollar to Icelandic Krona amounts at the market mid-rate. You can also enter your own rates to find out the percentage difference to the latest market rates you are being charged.

AUD / ISK converter & margin calculator


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AUD/ISK exchange rates for:

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1 Week AUD to ISK
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Australian Dollar

Icelandic Krona

1 AUD 85.05 ISK
5 AUD 425.26 ISK
10 AUD 850.51 ISK
20 AUD 1,701.02 ISK
50 AUD 4,252.56 ISK
100 AUD 8,505.12 ISK
250 AUD 21,262.80 ISK
500 AUD 42,525.60 ISK
1,000 AUD 85,051.20 ISK
2,000 AUD 170,102.40 ISK
5,000 AUD 425,256.00 ISK
10,000 AUD 850,512.00 ISK
50,000 AUD 4,252,560.00 ISK
100,000 AUD 8,505,120.00 ISK
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Australian Dollar

Icelandic Krona

0.0118 AUD 1 ISK
0.0588 AUD 5 ISK
0.1176 AUD 10 ISK
0.2352 AUD 20 ISK
0.5879 AUD 50 ISK
1.1758 AUD 100 ISK
2.9395 AUD 250 ISK
5.8790 AUD 500 ISK
11.76 AUD 1,000 ISK
23.52 AUD 2,000 ISK
58.79 AUD 5,000 ISK
117.58 AUD 10,000 ISK
587.90 AUD 50,000 ISK
1,175.80 AUD 100,000 ISK
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Australian Dollar to Icelandic Krona (AUD-ISK) - 10 Year History

The below table shows the historic variation in the AUD/ISK exchange rate over the last 10 years. The percentage change is the difference from the date shown to present. This lets you decide if the current rate is in your favour. You can also view our various charts of AUD versus other currencies : AUD historical charts.

DateExchange RatePeriodChange
21 Mar 201984.0218Latest
14 Mar 201983.45651 Week+0.68%
19 Feb 201985.76291 Month-2.03%
22 Sep 201880.35176 Months+4.57%
21 Mar 201877.26421 Year+8.75%
21 Mar 201783.92422 Years+0.12%
22 Mar 2014103.26835 Years-18.64%
23 Mar 200979.457110 Years+5.74%

Why can't I just get the AUD/ISK market rate I see on Google or in the Media?

The AUD/ISK mid-rate is the rate you will see Quoted on Google or the News, nobody except the largest banks and businesses can get exchange rates close to this mid-rate. It is actually just the theoretical half-way point (hence mid-rate) between the last rate at which the AUD / ISK was traded (bought or sold) in the international markets.

Getting a good market rate is mainly about timing however the transaction margin you end up being charged can be considerably reduced by around a few percent (of total amount being exchanged) for travel money and possibly over 5% to 6% when sending money. The exact potential savings depends on the currencies being exchanged and the amount you are transferring and if you are willing to shop around.

The closer your final exchange rate is to the market AUD/ISK midrate the better deal you are getting.

Our real-time foreign transfer and travel money/cards comparison calculators make shopping around easy and help you calculate how much you can save.

The three things you need in order to get a good AUD to ISK exchange rate

  1. Know the latest AUD/ISK market mid-rate. The closer your final exchange rate is to this real market rate the better deal you are getting. You should also judge how the current rate compares to the historic rate over the past 10 years.
  2. Compare your Bank's transaction costs to several licensed FX providers, remember to compare the exchange rate margins as well as the various types of fees. We make that easy to do with our calculators for Foreign Transfers and Travel Money transactions.
  3. Review up-to-date Currency News and Forecasts for both the and currencies, if available.

Currency news and forecasts for Australian Dollar and Icelandic Krona

Whenever you are researching a particular exchange rate you are actually interested in two currencies as the value of a currency must always be quoted relative to a second currency.

So it follows that if you are determining the best time to transact, in this case the AUD vs ISK, you should pay attention to both Australian Dollar and Icelandic Krona news and forecasts.

Australian Dollar (AUD) - Market news and forecasts

Following a flash crash in early January, which saw the Australian dollar briefly trade at a 10-year low of $0.674, the Aussie recovered to $0.73, but then, as it had done before the flash crash, it commenced with a slow and steady decline, and it was back at $0.705 in mid-March and was predicted to fall further.

In February, HSBC predicted a year-end AUD/USD rate of $0.66. In March, Westpac and JP Morgan were slightly more upbeat and argued for $0.68.

Fuelling lower exchange rate forecasts is the Australian economic story, for which major themes include a housing market slump, Chinese growth and the US-China trade spat. The RBA slashed growth forecasts in February and markets are now pricing in 1-2 interest rate cuts this year.

Another Aussie exchange rate worth mentioning is AUD/GBP, which sank in mid-March to its lowest level in nearly 3 years, at just £0.53. The Australian dollar has been unable to compete with the pound of late, since the latter benefits every time the British government fails to make a decision on how to deliver Brexit (every time Brexit appears less likely or to be delayed).

Icelandic Krona (ISK) - Market news and forecasts

No recent Icelandic Krona market updates.