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Compare today's ISK to KPW (Icelandic Krona to North Korean Won) exchange rates

Iceland
North Korea
ISK

Interbank Exchange Rate: 1 ISK = 7.3428 KPW
Updated about an hour ago

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All you need to know about Icelandic Krona to North Korean Won money transfers

Easily compare money transfer providers in one place to send money from Iceland to North Korea. Send money overseas to your loved ones by comparing Icelandic Krona (ISK) to North Korean Won (KPW) remittance exchange rates. Read remittance service provider reviews and check out deals, promotions and discounts. Transfer online or send cash based on services offered by these providers.

Looking for a different option? You can browse all sending countries on our send money from hub, or view all destinations available when sending money from Iceland.

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Latest ISK to KPW Conversion Rates

Here are some latest ISK to KPW (Icelandic Krona to North Korean Won) exchange rates for popular conversion amounts*.

1 ISK7.34 KPW
5 ISK36.71 KPW
10 ISK73.43 KPW
25 ISK183.57 KPW
50 ISK367.14 KPW
100 ISK734.28 KPW
150 ISK1,101.42 KPW
200 ISK1,468.56 KPW
250 ISK1,835.70 KPW
300 ISK2,202.84 KPW
400 ISK2,937.12 KPW
500 ISK3,671.40 KPW
600 ISK4,405.68 KPW
700 ISK5,139.96 KPW
800 ISK5,874.24 KPW
1,000 ISK7,342.80 KPW
1,500 ISK11,014.20 KPW
2,000 ISK14,685.60 KPW
2,500 ISK18,357.00 KPW
3,000 ISK22,028.40 KPW
4,000 ISK29,371.20 KPW
5,000 ISK36,714.00 KPW
10,000 ISK73,428.00 KPW
15,000 ISK110,142.00 KPW
20,000 ISK146,856.00 KPW
30,000 ISK220,284.00 KPW
40,000 ISK293,712.00 KPW
50,000 ISK367,140.00 KPW
100,000 ISK734,280.00 KPW

*Based on the Interbank Exchange Rate. Actual payout may vary based on the chosen money transfer provider.


What's the best way to transfer money from Iceland to North Korea?

It can be very confusing when sending money from Iceland to North Korea given so many choices. Additionally, Icelandic Krona to KPW exchange rates fluctuate all the time. Remitfinder gives you the option to compare money transfers companies to choose the best exchange rate among this volatility while making the best deals and promotions available to you.

Choose Iceland to North Korea as your country combination and click search. We then compare many money transfer companies to bring you the best exchange rates to send money to North Korea from Iceland. In one single place, you can easily compare many providers to see which one is the best option for your next transfer.

To further help you maximize the return on your money, our partners add various promotions and discounts on our site. You can take advantage of various deals we have for Icelandic Krona to North Korean Won remittances.


How to get the best exchange rate for sending money from Iceland to North Korea?

With ever changing remittance exchange rates, and umpteen new companies and startups to send money abroad coming up, it may seem hard at first to decide when to send money and which company to choose from for your Iceland to North Korea transfers.

RemitFinder provides a single place to compare many options so you can quickly and easily decide who to go with. Compare various banks, foreign exchange specialists, Fintech startups, remittance service providers, multi currency bank accounts and others in a single view to maximize the return on your ISK to North Korean Won international money transfers.

To help save your precious time and hard earned money, we also created the RemitFinder exchange rate alert. This is a totally free notification that will keep you updated daily on the latest Icelandic Krona to North Korean Won exchange rates and ongoing deals and promotions. You can sign up for our rate alert and start saving now.


What's the cheapest way for transferring money to North Korea from Iceland?

The final amount your recipient gets when you send ISK to KPW is the most important number that matters. In other words, you should try to minimize the impact of fees and other hidden charges (bad exchange rate is one of them) to achieve the most cost effective cross border remittance.

Before the dawn of the modern internet era, traditional methods to send money from Iceland to North Korea used to be banks, and small, local remittance players located in retail outlets and convenience stores. Unfortunately, all these options entail high fees and often provide low exchange rates - this results in an expensive money transfer whereby a big chunk of your hard earned money does not reach your recipient.

A great way to find the cheapest options to send North Korean Won is by comparing numerous foreign exchange operators and service providers on RemitFinder. By eliminating the process of manually searching and comparing various companies, you can easily compare all your options in one place, thereby saving time and money. This way, you can get the best Icelandic Krona to North Korea exchange rate. Further savings can be realized by utilizing many exclusive offers and promotions from our partners. These deals can help lower the cost of a money transfer even more, thereby giving you a higher return.


How to send money from Iceland to North Korea through a bank?

There are two distinct ways that banks make money on international funds transfers. First, by charging steep transaction fees, and second, by providing a low ISK to KPW exchange rate. Sometimes, the actual transaction fee may not be that high, but the rate may be much lower, which essentially means a hidden fee as the cost of the transfer for you still goes up.

Since your obvious goal is to make the most of your hard earned money, you would want to ensure that the receiver of your money gets the maximum amount. One simple way to achieve this is by minimizing the fees on Iceland to North Korea money you send. And, generally, you will not get low fees with banks. Hence, we recommend relying on our real time online money transfer comparison tool to ensure you can compare many options.

Most of the remittance companies today offer bank to bank transfers for sending money to North Korea from Iceland. They do this by letting you fund your transaction through your local bank account in Iceland, and by allowing you to choose the payout to be your recipient's bank account in North Korea. But, you are likely to get much better rates and lower fees compared to your bank.


What is the fastest way to do a money transfer to North Korea from Iceland?

The speed of your Icelandic Krona to North Korean Won funds transfer will depend on various factors like which provider you use, how you pay for your transaction, how you choose for your recipient to get the funds, etc. You will, therefore, want to compare various options to see which one suits your needs best.

We created a comprehensive guide on remittances to help you understand all the factors that come into play when you convert ISK to KPW. Establishing a solid understanding of all the criteria that affect your transaction speed will help you compare various money transfer companies to see which one can provide you with the fastest transaction.

One possible approach that will help you send money fast to North Korea from Iceland is to rely on cash as payment as well as delivery method. This would mean paying for your transfer with cash, most likely by walking into your provider's office or agent location. Similarly, your recipient could also pick up cash in North Korea if they have a pickup location nearby. Dealing with cash on both sides will eliminate bank transfers in the middle which generally take longer as money has to move between banks.

One drawback of cash transfers is the need to go to physical drop off and pickup locations, and the inherent risk involved in carrying cash, especially for larger amounts. Another one is that cash transfers generally involve lower exchange rates as compared to online transfers. If you do not want to handle cash for the aforementioned reasons, the next fastest transfers would be to payout KPW into a mobile wallet, or even do a mobile airtime popup. These methods would be faster than Iceland bank to North Korea bank transfer.


Which are the best money transfer companies to transfer money from Iceland to North Korea?

Since the Icelandic Krona to North Korean Won money transfer ecosystem has so many players in it, selecting the right company might not be that simple. You have so many to choose from - established organizations like Western Union and MoneyGram to multi currency bank accounts to up and coming Fintech companies. Then, there is always your local bank in Iceland that may also be able to send money to North Korea. With all these possibilities staring at you, it can be difficult to pick the company to give your business to.

The RemitFinder remittance engine will certainly help you to chart a path forward. Once you have selected your source and destination countries, we compare numerous companies to present you with an easy to digest comparison table. Here, you can easily see which companies meet your unique needs.

To further decrease the cost of your ISK to KPW money transfers, we also source exclusive coupons and promotions from various remittance providers. This will increase the final amount your recipient in North Korea gets, so make sure to factor in deals as a part of your decision making process to select the best provider for your next Iceland to North Korea transaction.


Step by step guide to send money to North Korea from Iceland

With so many possible ways to transfer Icelandic Krona to North Korean Won, and exchange rates that are changing by the second, it can be difficult to make the best choice to save time and money. RemitFinder's online remittance comparison platform helps you find the best companies to move your funds abroad.

Once you have picked the right company for your Iceland to North Korea remittance transaction, you can follow the below step by step procedure.

  • Create an account at your chosen operator.
  • You may be asked for photo IDs and address proofs; please provide these as they help the operator ensure legal and regulatory compliance.
  • Add bank accounts for both the sender in Iceland and the receiver in North Korea. Using bank deposits can be the cheapest option to send money.
  • Decide when you want to send money and the transfer amount. When ready, choose the amount and start your transaction.
  • At this point, you are pretty much done, and the operator will take it on from here.
  • Watch out for updates from the operator on the progress of your transaction.

We also recommend that you have more than one remittance company in your portfolio so you can maximize the return on your ISK to North Korean Won money transfers. This way, you can pick whoever is the best at the time you are ready to initiate your transaction.