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AUD to ISK - Rate Guide

Australian Dollar to Icelandic Krona exchange rates aren't all the same.

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

 

AUD/ISK trend & alerts

1 AUD = 84.39 ISK

AUD/ISK is trading near the 90 day average 84.61 with a range from LOW 82.23 to HIGH 88.62. There are currently no alerts.
 

View AUD/ISK - Interactive Chart

AUD/ISK Exchange Rates and Providers Compared

This guide to the Australian Dollar to Icelandic Krona exchange rate with 90-day chart & alerts, historic rates, forecasts and AUD to ISK comparison tables for foreign transfers and travel money rates and fees on offer by banks and foreign exchange providers. Calculate amounts and rate margins with the AUD/ISK Calculator.

AUD / ISK converter & margin calculator

A$AUD
krISK
mid-rates

Compare how much you can save on AUD/ISK exchange rates for:

Foreign Transfers Travel Money

Foreign Transfers Travel Money

Australian Dollar

Icelandic Krona

1 AUD 84.39 ISK
5 AUD 421.95 ISK
10 AUD 843.90 ISK
20 AUD 1,687.80 ISK
50 AUD 4,219.50 ISK
100 AUD 8,439.00 ISK
250 AUD 21,097.50 ISK
500 AUD 42,195.00 ISK
1,000 AUD 84,390.00 ISK
2,000 AUD 168,780.00 ISK
5,000 AUD 421,950.00 ISK
10,000 AUD 843,900.00 ISK
50,000 AUD 4,219,500.00 ISK
100,000 AUD 8,439,000.00 ISK
See more

Australian Dollar

Icelandic Krona

0.0119 AUD 1 ISK
0.0593 AUD 5 ISK
0.1185 AUD 10 ISK
0.2370 AUD 20 ISK
0.5925 AUD 50 ISK
1.1850 AUD 100 ISK
2.9625 AUD 250 ISK
5.9250 AUD 500 ISK
11.85 AUD 1,000 ISK
23.70 AUD 2,000 ISK
59.25 AUD 5,000 ISK
118.50 AUD 10,000 ISK
592.50 AUD 50,000 ISK
1,185.00 AUD 100,000 ISK
See more
Country Guides (AUD & ISK)
AustraliaAustralia (AUD)Christmas IslandChristmas Island (AUD)Cocos Keeling IslandsCocos Keeling Islands (AUD)
Heard And McDonald IslandsHeard And McDonald Islands (AUD)IcelandIceland (ISK)KiribatiKiribati (AUD)
NauruNauru (AUD)Norfolk IslandNorfolk Island (AUD)TuvaluTuvalu (AUD)

AUD/ISK - Historical Trends

This table shows historic rates and trends of Australian Dollar to Icelandic Krona over periods upto 10 years.

PeriodChange*AUD/ISKDate
1 Day-0.3%84.640815 Oct 2019
7 Day+0.2%84.221409 Oct 2019
30 Day-0.6%84.939916 Sep 2019
3 Month-4.4%88.310118 Jul 2019
1 Year+0.2%84.249016 Oct 2018
5 Year-19.6%104.968617 Oct 2014
10 Year-25.8%113.810218 Oct 2009

*For period to 16-Oct 21UTC when AUD/ISK was 84.4267

You can use our AUD interactive charts to check AUDISK historic trends.

Get a Better FX Deal when you Send and Spend Abroad.

 

AUD and ISK in the Markets

When determining the best time to make a foreign exchange transaction, in this case the AUD vs ISK, you should pay attention to the recent market trends for both currencies.

Australian Dollar (AUD)

The RBA dropped interest rates 25 basis points to a record 0.75% on Oct 1 with the Aussie responding with a drop below US67 cents. Investors have sold AUD in recent months as they’ve bet on aggressive interest-rate cuts by the Reserve Bank of Australia. These bets paid off: the RBA cut its cash rate in both June and July to a record low of 1 percent.

Lower borrowing costs are necessary, investors believe, in light of persistently soft domestic data and the fallout from a US-China trade standoff that shows no sign of nearing an end.

AUD will continue to track changes in interest-rate expectations. Economists expect at least one further cut this year and many expect two by early 2020. After July's cut, the RBA hinted it would leave rates unchanged for several months.

Interestingly, AUD has decoupled from commodity prices in 2019. The price of iron ore (Australia’s largest export) nears multi-year highs while AUD languishes.

Further RBA interest rate cuts this year are now a certainty, and that doesn’t bode well for currency valuations. Westpac has predicted three cuts this year.

Read more in the article AUD Forecasts.

 

Icelandic Krona (ISK)

No recent Icelandic Krona market updates.

Why can't I just get the AUD/ISK market rate I see online or in the media?

The mid-rate is the rate you will see quoted online or the news. It is actually just the half-way point (hence mid-rate) between the last rate at which the AUD / ISK was traded (bought or sold) in the international markets.

All foreign exchange providers charge a fee for providing their service and this fee is usually contained within the exchange rate margin (or difference to the mid-rate). Some providers such as Transferwise will quote you the mid-rate (or close to) and charge a separate percentage fee.

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.

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

We help you Compare & Save Money on Exchange Rates.

 

View all AUD Exchange Rates