In Iceland a grade point average (GPA) is given as a weighed average of all grades in a marked period. Grades range from 0-10 and the GPA is rounded off to two decimal points.
Term- and course grades are given on the scale of 0-10 with increments of 0.5.
For added convenience, grades are categorized as follows:
References
Academic grading in Iceland Wikipedia(Text) CC BY-SA