GBP to ISK Currency Exchange Rates and History

The GBP to ISK currency exchange rate is a crucial aspect to consider when traveling to Iceland or doing business with the country. The exchange rate has fluctuated over the years, with a significant drop in 2008 due to the global financial crisis.

In 2008, the exchange rate was approximately 140 ISK to 1 GBP. This made Iceland's economy more expensive for tourists and businesses. The country's economy was heavily reliant on foreign currency, which made it vulnerable to external shocks.

The exchange rate has since recovered, but it's essential to keep an eye on current rates to make informed decisions. As of the last update, the exchange rate was around 330 ISK to 1 GBP. This means that the Icelandic króna has lost value against the British pound.

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You can easily convert British Pounds (GBP) to Icelandic Kronur (ISK) using a currency conversion table.

The conversion rate is updated regularly, so you'll always get the most recent exchange rate.

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To give you a quick snapshot of how far your travel money will go, here's a table showing the conversion rates for different amounts of GBP:

So, you want to know what affects the exchange rate? Economic indicators like GDP growth, inflation, and interest rates can have a significant impact.

These indicators can influence the demand for a currency, which in turn affects its value. For example, a country with a high GDP growth rate may see an increase in demand for its currency.

Geopolitical events, such as elections and trade agreements, can also cause fluctuations in the exchange rate. These events can create uncertainty, leading to changes in investor sentiment and currency values.

Central bank decisions, like interest rate changes, can have a direct impact on the exchange rate. A change in interest rates can affect the cost of borrowing, which can influence currency values.

Here are some specific factors that can affect the exchange rate:

The Iceland Krona is the currency of Iceland, with a currency code of ISK, an ISO code of "352", and a currency symbol of kr or Íkr.

You can exchange British Pounds to Iceland Kronur 24 hours a day, 5 days a week, as the markets are open from Monday mornings in Sydney to Fridays at 5 PM in New York.

The central bank of Iceland is called the Central Bank of Iceland.

The best time to convert GBP to ISK is often between 3-4 PM GMT, when currency market liquidity and trading volume are highest.

If you need ISK urgently, it's a good idea to convert British Pounds to Iceland Kronur early in the week to avoid delayed settlement until the following week, as forex markets are closed on weekends.

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The GBP to ISK exchange rate has been quite volatile over the past few months. In the last 30 days, the high point was 177.23 kr.

The low point during this period was 173.26 kr. This shows a significant fluctuation in the exchange rate.

The average rate over the last 30 days was 174.96 kr. This is a useful benchmark for anyone looking to exchange their money.

Looking at the bigger picture, the overall change in the exchange rate over the last 30 days was -0.82%. This indicates a slight decline in the value of the British pound against the Icelandic króna.

Over the last 90 days, the high point was 179.53 kr. This is the highest value the exchange rate has reached in recent months.

The low point over the last 90 days was 172.87 kr. This is a lower value than the average rate, indicating a decline in the value of the British pound.

The average rate over the last 90 days was 176.25 kr. This is a useful benchmark for anyone looking to exchange their money over a longer period.

The total change in the exchange rate over the last 90 days was -1.53%. This indicates a significant decline in the value of the British pound against the Icelandic króna.

Here's a summary of the high and low points for the last 30 and 90 days:

The British Pound to Iceland Krona exchange rate has been on the move over the past six months, with a decrease of -1.20% in value compared to the Iceland Krona.

To get a better understanding of the GBP/ISK rate, let's take a look at the historical data. You can view rates between the British Pound and the Iceland Krona for a particular year by clicking on one of the links below.

The highest GBP to ISK exchange rate in the last year was 182.22 Iceland Kronur per British Pound on September 23, 2024.

The last six months have seen a decline in the value of the British Pound compared to the Iceland Krona. The GBP/ISK rate is down -1.20% in this period.

This decrease in value means that you would have gotten fewer Iceland Kronur for your British Pounds. For example, if you had exchanged £100 in September 2024, you would have gotten 182.22 Iceland Kronur, but now you would get fewer.

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To give you a better idea of the fluctuations, here's a list of the highest and lowest exchange rates for the last six months:

Keep in mind that exchange rates can be volatile, and it's essential to stay up-to-date with the current rates if you're planning to exchange currency.

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The peak of the last 10 years was a significant moment for currency exchange. The highest GBP to ISK exchange rate was on January 6, 2016, when each British Pound was worth 193.01 Iceland Kronur.

This was a notable occasion, marking the highest value of the British Pound against the Icelandic Kronur in the past decade.

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You can easily convert British pounds to Icelandic kronur using various tools. One way is to use a currency conversion calculator that automatically sets the conversion to ISK.

To get started, simply type in your amount, and the calculator will take care of the rest. You can enter your amount in either GBP or ISK, and the calculator will give you the conversion amount.

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You can also check out our Icelandic krona currency conversion table to see a quick snapshot of how far your travel money will go. This table gives you a clear idea of the exchange rates and how much you can expect to get for your GBP.

Here's a snapshot of the conversion rates:

You can also check the current exchange rate to see how much your GBP is worth in ISK. As of January 7, 2025, 100 British Pounds is equivalent to 17,495 Iceland Kronur, with an exchange rate of 174.95 ISK per British Pound.

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The British Pound (GBP) and Iceland Krona (ISK) exchange rate is a crucial aspect to consider when traveling or conducting business between the two countries. The current exchange rate is approximately 174.95 ISK for every 1 GBP.

If you're planning to exchange a large amount of money, it's essential to know the conversion rates for different denominations. For instance, 10 GBP is equivalent to 1,749.52 ISK.

The exchange rate can fluctuate over time, and it's interesting to note that the British Pound has increased by 0.56% year-to-date against the Iceland Krona. However, over the past 10 years, the British Pound has declined by 8.63% against the Iceland Krona.

Here are the conversion rates for different denominations of GBP to ISK:

Keep in mind that these conversion rates are subject to change, and it's always a good idea to check the current exchange rate before making any transactions.