ISK to GIP

Convert Icelandic Króna to Gibraltar Pound

1 ISK = 0.0057 GIP

Rule of thumb

When you are abroad and you just want to get a quick estimate, use this rule of thumb:

Divide the amount in Icelandic Króna (ISK) by 1000 and multiply by 6 to get it in Gibraltar Pound (GIP)

How to convert Icelandic Króna to Gibraltar Pound

Converting currencies can be done through various channels. Currency exchange services at banks or online platforms offer a straightforward solution—simply input the amount and desired currency. Online converters and ATMs also provide convenient options, while credit cards automatically handle conversions during international transactions.

How much does it cost to convert ISK to GIP

The cost of converting ISK to GIP depends on the method chosen. Exchange services may charge fees or offer slightly different rates. Online platforms and ATMs may have transaction fees, and credit cards might include foreign transaction fees. It’s essential to compare options and consider associated costs before deciding on a conversion method.

Icelandic Króna to Gibraltar Pounds conversion rates

1 ISK0.01 GIP
5 ISK0.03 GIP
10 ISK0.06 GIP
20 ISK0.11 GIP
50 ISK0.29 GIP
100 ISK0.57 GIP
250 ISK1.44 GIP
500 ISK2.87 GIP
1000 ISK5.75 GIP
2000 ISK11.49 GIP
5000 ISK28.73 GIP
10000 ISK57.45 GIP
1 GIP174.06 ISK
5 GIP870.30 ISK
10 GIP1,740.60 ISK
20 GIP3,481.20 ISK
50 GIP8,703.01 ISK
100 GIP17,406.01 ISK
250 GIP43,515.03 ISK
500 GIP87,030.05 ISK
1000 GIP174,060.10 ISK
2000 GIP348,120.21 ISK
5000 GIP870,300.52 ISK
10000 GIP1,740,601.04 ISK

Top Currency Pairings for Icelandic Króna


GIP to ISK

ISK to USD

ISK to EUR

ISK to GBP

ISK to JPY

ISK to AUD

ISK to CAD

ISK to CHF

ISK to SEK

ISK to NOK

ISK to DKK

ISK to CZK
Looking for another ISK currency pair?

How to transfer money? And how long does it take?

Peer-to-peer payment apps like Venmo or PayPal offer quick transactions. Wire transfers through banks are an option but can take a few days. Cryptocurrencies, such as Bitcoin or Ethereum, provide a decentralized alternative for transferring funds globally, offering speed and some degree of anonymity.

Look out for exchange scams

Look out forDescription
Unofficial Currency ExchangesStreet individuals and kioks may offer attractive rates and/or give counterfeit currency. Use established offices for safety.
Dynamic Currency ConversionSome ATMs offer less favorable exchange rates. Opt for local currency to avoid extra fees during transactions.
Overcharging at Exchange OfficesTourist-heavy areas may charge higher fees. Compare rates and be aware of additional fees before transactions.
Fake Banknote SwitchBe cautious during exchanges to prevent scammers from switching real currency with counterfeits. Count money carefully.
Inflated CommissionsExchange offices may have hidden fees. Inquire about the total cost, including commissions, before exchanging money.
Always know exactly how the coins and notes from the currency look like. Know or ask about exchange rate and fees beforehand and count your money carefully afterwards. Look at the chart, when was the last price update? Use your calculator to verify.

Currency Information

ISK is the currency code for the Icelandic Króna, the official currency of Iceland. It is used as legal tender exclusively within the country of Iceland.

GIP, also known as the Gibraltar Pound, is the official currency of Gibraltar, a British Overseas Territory located on the southern coast of Spain. It is issued and regulated by the Government of Gibraltar. The GIP is only used as legal tender within Gibraltar and is not widely accepted outside of the territory.

Cost of Living Comparison

When it comes to daily expenses, the cost of groceries and dining out plays a significant role. Here we look at the average weekly cost for basic groceries and dining out at a mid-range restaurant dinner for two people.

LocationWeekly GroceriesDining Out for Two
Iceland€150€90
Gibraltar€#N/A€#N/A
All numbers in Euros for easy comparison.

Keep in mind that these figures are approximations, and actual costs can vary based on specific locations and individual choices.