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USD USD ISK ISK Rate as of2026-05-20

USD to ISK Converter.

Current rate

1 USD = 138 ISK as of 2026-05-20. Iceland's economy runs on tourism (2.3 million visitors annually against 380,000 residents), fishing, aluminum smelting, and a growing data-center sector powered by geothermal energy. USD-ISK search volume spikes during the summer Northern Lights and Blue Lagoon travel seasons and around tech-conference dates in Reykjavik.

💱

USDISK Converter

$
🇺🇸 $1.00 = 🇮🇸
ISK 138
Rate: 1 USD = 138.0000 ISK
Common conversions
🇺🇸 USD🇮🇸 ISK
$1.00ISK 138
$10.00ISK 1,380
$100.00ISK 13,800
$500.00ISK 69,000
$1,000.00ISK 138,000
$5,000.00ISK 690,000
$10,000.00ISK 1,380,000
$50,000.00ISK 6,900,000
$100,000.00ISK 13,800,000
✨ Mid-market rate · as of 2026-05-20 · Real-world transfer rates may differ 0.5-3% depending on provider · Not financial advice
📈 Trend

USD trend over time.

Today
138
1 USD = ISK
1 year ago
135
↑ 2.2% in 12 months
5 years ago
122
↑ 13.1% in 5 years
🔢 Quick reference

USD to ISK conversion table.

Common US Dollar amounts converted to Icelandic Krona at today's rate of 1 USD = 138 ISK. The reverse holds too: 1 ISK = 0.0072 USD.

USD → ISK
1 USD 138 ISK
5 USD 690 ISK
10 USD 1,380 ISK
25 USD 3,450 ISK
50 USD 6,900 ISK
100 USD 13,800 ISK
500 USD 69,000 ISK
1,000 USD 138,000 ISK
5,000 USD 690,000 ISK
10,000 USD 1,380,000 ISK
ISK → USD
1 ISK 0.0072 USD
5 ISK 0.0362 USD
10 ISK 0.0725 USD
25 ISK 0.1812 USD
50 ISK 0.3623 USD
100 ISK 0.7246 USD
500 ISK 3.62 USD
1,000 ISK 7.25 USD
5,000 ISK 36.23 USD
10,000 ISK 72.46 USD
💡 About this corridor

Why people convert USD to ISK.

The USD/ISK corridor is driven mostly by global reserve currency and remittances from US-based workers. On the Icelandic Krona side, demand comes from tourism-driven economy, aluminum + geothermal data centers, and cashless society USD card-tap. Because both sides see steady two-way flow, USD/ISK is one of the more liquid pairs in this region — which usually means tighter spreads and smaller markups than thinly-traded exotic pairs.

Over the past 12 months the US Dollar has moved up 2.2% against the Icelandic Krona, and over five years it has strengthened about 13.1% (from 122 to 138). If you're sending money on this corridor, that trend matters: a rising rate means timing your transfer — or locking a rate with a forward contract for large amounts — can change the Icelandic Krona you receive by a meaningful margin.

Getting the best USD → ISK rate. The figure above is the mid-market rate — the "true" rate banks and brokers reference. Most banks add a 1–3% margin on top and may charge a flat wire fee. Specialist services (Wise, Remitly, and regional exchange houses on this corridor) typically convert closer to mid-market. Always compare the effective rate after all fees, not just the headline rate — on a large USD transfer, a 2% difference is real money.

Rates shown are indicative mid-market rates as of 2026-05-20 and are for informational purposes only — not a quote or financial advice. Confirm the live rate with your provider before transacting.

❓ FAQ

USD to ISK FAQ.

Who converts USD to ISK?
American tourists driving the Ring Road, cruise-ship passengers in Reykjavik, US tech firms operating data centers (Verne Global, atNorth), and aluminum traders settling Century Aluminum and Rio Tinto contracts.
Best way to convert USD to ISK?
Iceland is overwhelmingly cashless, so most tourists simply tap US debit cards (Charles Schwab, Capital One 360 reimburse FX fees). For larger transfers, Wise and Revolut offer mid-market rates; Landsbankinn and Islandsbanki handle SWIFT wires.
Why is ISK so weak?
ISK is a tiny floating currency with about $30 billion daily turnover globally, so it moves sharply on tourism cycles and Sedlabanki policy shifts. The drift from 122 to 138 reflects USD strength plus post-2022 tourism normalization rather than Icelandic weakness.