Find the best Icelandic Krona exchange rates:
How we can save you money on your Icelandic Krona currency transfers
We are able to significantly beat the exchange rate offered by your bank and other providers
- Unbeatable exchange rates On currency transactions
- Personal service
- Free currency news
- No cost or obligation
Icelandic Krona Currency Transfers
- No Transfer charges, extra fees or commissions
- Fast, secure same day currency transfers
- No minimum or maximum amounts
- Pay no sending or receiving fees for amounts above £5,000
- Foreign Exchange experts for private individuals and businesses
- Help with thousands of transactions a year
- Established in currency for over five years
- Over 1000 happy repeat clients
Iceland (ISK) Icelandic Krona
The Krona or Kronur in plural, is the official currency of Iceland. The currency
code is ISK and the currency is denoted by the symbol ‘kr’ or ‘lkr’. The Krona
which means “crown” is symbolic of the other Nordic currencies such as the
Swedish Krona, Danish Krone and the Norwegian Krone.
Currently in circulation
Although the Krona is made up of 100 aurar, coins below 1 krona are no longer in
circulation. The denominations of coins currently in use are 1, 5, 10, 50 and
100 kronur. The banknotes come in the denominations of 500, 1000, 2000 and 5000
kronur with 500, 1000 and 5000 kronur being the only banknotes that are
dispensed by ATM’s of the major banks in Iceland. The 2000 kronur banknotes are
rarely used and are often termed as “tourist money” by the local people.
Using credit/debit cards and traveller’s cheques
For international traveller’s travelling to Iceland, making payments for goods
and services are very easy as all major credit cards are accepted in most of the
establishments which include hotels, restaurants, car rentals and shops. Most of
the stores also accept debit cards. You can even get cash against these cards at
all banks and ATM’s. Traveller’s cheques are also widely honoured in Iceland.
Restrictions
There is no restriction as to the amount of domestic or foreign currency that a
tourist can carry into the country, provided he is in legal possession of it.
The same rule prevails when you are travelling out of the country.
Iceland: An overview
Iceland is one of the most extraordinary travel destinations in the world and
although it is called Iceland, you will find ice here only in winter. It is
situated in the North Atlantic region to the south of the Arctic Circle, apart
from which it lies on the rift where the North American and European continental
plates are detaching from each other. It is because of this shift that about 200
volcanoes and a number of geysers are found in the area. As for things to see
there are plenty of attractions be it from history, art or culture.
Iceland can be a very expensive place as everything is almost double the price
in comparison to some of the other countries. Although of a high standard, a
meal for two including alcohol can cost you around 6000 Kronur which comes to
about £50 or $75. Alcohol prices are quite steep, with a litre of beer costing
you a good £6 or $10. When you plan your sightseeing, it is advisable to hire a
small vehicle that will cost you around £40 or $60 per day.
If you are ready to take on the high cost of living in Iceland, you will find
that it is a beautiful place to visit. The people are warm and hospitable
besides which there are numerous natural marvels for you to admire.
