5 Icelandic Krónur =
0.03 British Pounds
today's official exchange rate from the European Central Bank.
Daily ECB reference rates over the last 90 days. Updates skip weekends and ECB holidays.
| ISK | GBP |
|---|---|
| 1 ISK | 0.006 GBP |
| 5 ISK | 0.03 GBP |
| 10 ISK | 0.06 GBP |
| 25 ISK | 0.1499 GBP |
| 50 ISK | 0.2998 GBP |
| 100 ISK | 0.5995 GBP |
| 500 ISK | 2.9976 GBP |
| 1,000 ISK | 5.9951 GBP |
| 5,000 ISK | 29.9755 GBP |
| 10,000 ISK | 59.951 GBP |
The Icelandic Króna (symbol: kr; code: ISK) is the official currency of Iceland, issued by the Central Bank of Iceland. Famous for its dramatic collapse during the 2008 financial crisis, the króna has since stabilized. Iceland's small, export-driven economy — particularly fishing, aluminum, and tourism — makes the króna one of the most volatile small-nation currencies in Europe.
The British Pound (symbol: £; code: GBP) is the official currency of the United Kingdom, issued by the Bank of England. Each pound is divided into 100 pence. Also known as pound sterling, it is one of the world's oldest currencies still in continuous use, having served as Britain's official money in some form for over 1,200 years.
This conversion uses the European Central Bank reference rate, which is published once per business day at around 16:00 CET (Frankfurt time). The ECB calculates these rates from interbank market quotes provided by major banks. Reference rates are intended for information and statistical purposes — they are not commercial rates at which currencies can actually be bought or sold.
No. The ECB reference rate is a benchmark used by economists, regulators, and accountants — not a retail rate. Banks, currency exchange services, and credit cards typically add a markup of 1 to 4 percent on top of the reference rate, plus possible fixed transaction fees. To know the actual rate you would pay, check directly with your bank or money transfer service before exchanging.
The European Central Bank updates exchange rates once per business day, around 16:00 CET. Rates are not updated on weekends or eurozone bank holidays — during these periods the most recent business-day rate remains in effect. We refresh our cached rate every six hours to balance accuracy with performance.
Exchange rates fluctuate based on many factors, including interest rate decisions by the Central Bank of Iceland and the Bank of England, inflation differences between Iceland and the United Kingdom, trade balances, capital flows, and geopolitical events affecting market sentiment. Even small differences in expected economic conditions can move rates significantly over short periods.
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