Use a currency converter to work out local costs in Iceland. The information is updated automatically to give you the most recent market rates.
You can get the latest currency rates from an online currency converter.
Useful Money Tips For Your Trip To Iceland:
- Iceland’s currency is the Icelandic króna. Vendors are unlikely to accept any other currency, including the Euro.
- Iceland is increasingly a cashless society, with cards accepted almost everywhere. It is possible to spend time in the country without using coins and notes at all. However it’s good to carry a little money for situations like using public toilets. You can withdraw a small amount from an ATM rather than converting currency when you arrive.
- If you do exchange cash, this is best done at a local bank when you arrive in Iceland rather than in your home country. You will get a better rate. Use our converter as a baseline for what to expect.
- ATMs are widely available everywhere in Iceland and most accept foreign credit and debit cards that are part of the major networks – Visa, MasterCard and so on. The ATMs at Keflavík Airport are a good option and easy to find.
- Check any likely transaction fees with your bank before you travel and make sure your card is valid for overseas use. You will also need the 4-digit PIN in many places, such as gas stations.
- Credit cards are accepted almost everywhere. Visa and MasterCard are the safest bet.
- The best way to save money is by getting a multi-currency debit card with companies like Transferwise or Revolut. You top-up the card from your home bank account and then exchange currencies through an app on your phone at a much better rate than you can get from ATMs or money exchange booths. That way you can have a Icelandic króna balance on your card and use it in restaurants etc without having to pay foreign transaction fees.