What currency is used in Iceland?

The official currency and legal tender of Iceland is the Icelandic krona

Adam Silveston

12 August 2016

If you're travelling to Iceland you'll need the local currency: Icelandic Krona (ISK).

Iceland is not a member of the EU so euros are not widely used, although some larger hotels, restaurants and shops in Reykjavik may accept euros at a heavily inflated exchange rate.

Spending money in Iceland

Iceland is an island with very little natural resources which means everything has to be imported. As a result, prices are very expensive and Iceland is generally an expensive destination to visit.

The cost of living is around 44% higher than the UK according to Numbeo and travel agents recommend you budget around £90-100 per person per day if you're planning a trip.

Where to get the best Icelandic krona exchange rate

We can help you to maximise your spending money by getting a good deal on your currency. Check out our Icelandic krona comparisons for a full roundup of today's best Icelandic krona exchange rates from the UK's biggest currency suppliers.

No comments

Nobody has commented on this post yet. Would you like to be the first?

Leave a comment

Write your comment

0 / 4000

Do you want to receive a notification email if someone replies to your comment?