The Icelandic Krona buy back rates below were last updated 22 minutes ago
Very occasionally the Icelandic government blocks the export of Icelandic Krona outside Iceland. At that point the only way to buy Krona is from suppliers that have bought up left over currency from returning travellers. We were in that situation for most of 2014. This is why many currency suppliers do not carry Icelandic Krona and also why you can be offered some very competitive rates if you do have Krona to sell.
The best Icelandic Krona buy back rates are always offered by the online specialists who have much lower overheads than traditional high street brokers. The worst buy back rates are always offered by the banks so these should be avoided at all costs. Beware of currency suppliers trying to sign you up to a ‘buy back guarantee’ when you buy your currency. These deals tend to lock you in to uncompetitive buy back rates and you may also be charged a fee for the privilege.
Use our unique comparison table above to find the best Icelandic Krona buy back rates and sell your leftover currency back online.
There are three easy steps to selling your currency back online. All of these instructions will be explained to you as you go along and we'll also email you further instructions on what to do after you've placed your order.
Enter the amount of currency you want to sell and find the best deals using our comparison table above. If you have more than one currency to sell you can add them to your order later on. Once you've found a buyer, click 'Sell Now' where you'll be asked to fill out a buy-back order form.
We'll need a few basic details from you including your contact details, the currency(ies) you would like to sell and the bank account you would like your payment sent to. Once you've completed the quick order form you'll be asked to print a copy - don't worry if you don't have a printer handy as we'll also email you a copy and you can also write your order number on a piece paper if you don't have access to a printer. At this point we'll also send a copy of your order to the buyer so they know to expect your currency.
You'll need to then post your currency and order form (or a piece of paper containing your order number) to the buyer or drop it in to them in person if you live nearby. We recommend you send you currency via Royal Mail Special Delivery as this service is fully trackable and insured for up to £2,500 (you can split larger orders up into multiple packages if necessary).
Once the buyer receives your currency they will contact you to confirm receipt and process your payment. You will then be paid directly into your bank, usually within 3 working days of them receiving your currency.
Over the past week the Icelandic Krona buy back rate has worsened by 1.74% from last Monday's rate of 138.873 to today's rate of 141.290 which means kr25000 is worth £3.08 less today than it did a week ago. During this period the worst time to sell was on Thursday at 142.938 and the best time to sell was on Monday at 138.873.
The 90 day outlook has seen the Icelandic Krona buy back rate improve by 2.73% from 145.259 on 27th December 2016 to 141.290 today. Based on these figures, kr25000 is worth £4.83 more today than it did three months ago. The worst buy back rate we recorded was 151.659 on 28th January 2017 and the best buy back rate we recorded was 135.294 on 6th March 2017.
Posted by Matthew Weston on 24th March 2017
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