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
$AUD
krISK
Mid-rates:
1 AUD =
85.0512ISK
1 ISK =
0.011758AUD
Compare how much you can save on AUD/ISK exchange rates for:
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.
Date
Exchange Rate
Period
Change
21 Mar 2019
84.0218
Latest
14 Mar 2019
83.4565
1 Week
+0.68%
19 Feb 2019
85.7629
1 Month
-2.03%
22 Sep 2018
80.3517
6 Months
+4.57%
21 Mar 2018
77.2642
1 Year
+8.75%
21 Mar 2017
83.9242
2 Years
+0.12%
22 Mar 2014
103.2683
5 Years
-18.64%
23 Mar 2009
79.4571
10 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.
The three things you need in order to get a good AUD to ISK exchange rate
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.
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.
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).
Iceland