A practical foreign exchange and currency guide to the Faroe Islands
What's in this Faroe Islands currency guide:
The official currency of the Faroe Islands is the Danish krone, with symbol kr and currency code DKK.
16 Sep 2022
02 Jul 2022
30 Sep 2021
01 Oct 2017
02 Oct 2012
05 Oct 2002
The below comparison table makes it easy to find the best exchange rates and lowest fees when you want to make a Transfer or Spend Danish krone.
The forgotten Faroes are just a short flight from the UK, yet they’re way off the standard traveller’s radar. Adrift in the frothing swells of the north Atlantic, this mysterious 18-piece jigsaw puzzle of islands is at once ancient and very modern. Multicoloured cottages and grass-roofed wooden churches add focus to the grandly stark, treeless moorlands. Timeless networks of cairn-marked footpaths crisscross craggy layer-cake mountains.
Streymoy is the biggest island of the group, and home to the capital Tórshavn, as well as dramatic scenery galore and the unmissable bird cliffs of Vestmanna. While the Southern Islands aren’t quite so dramatic in terms of landscape, islands like Suðuroy and Skúvoy are appealingly low on tourists and high on friendliness.
There are two currencies of equal value in the Faroe Islands: the Faroese króna and the Danish krone. While the Faroese government prints its own bank notes, only Danish coins are used. Danish notes are equally acceptable as Faroese notes throughout the country.There may be a few places in the major towns that accept foreign currency, but this is more likely the exception than the rule, and, unsurprisingly, the exchange rate is rarely favourable. It is possible to withdraw money with Visa, Visa-Dankort, Eurocard, MasterCard, Maestro and JCB from the many ATMs around the country.
The ATMs are often found next to bank branches and can be used outside the banks’ normal opening hours. Most shops, restaurants, petrol stations, hotels and taxis accept credit cards, mainly VISA, but other credit cards, such as MasterCard, Eurocard, Maestro and JCB, are also accepted in large stores, shopping centres and restaurants. If you decide to use currency, and you receive change in the form of Faroese notes, (coin is DKK only) get rid of them before you leave, because notes are not traded, anywhere, not even Denmark, other than at the Faroese banks.
Not only are the Faroe Islands located halfway between Norway and Iceland, they also have a lot in common in matter of natural beauty. Though the 18 islands are part of Denmark they are an autonomous self-governing country. The best way to get to know the islands with its impressive cliffs, bays and mountains is to rent a car and do a road trip through the 5 main islands as those are connected with tunnels and bridges.
All the taxis accept cards, the same for the busses or ferries.There are two subsea tunnels in the Faroe Islands, both of which charge a toll payment of DKK 100,- (approximately €13) for a return trip. One subsea tunnel (Vágatunnilin) connects the western island of Vágar (Airport) to the island of Streymoy (capital Tórshavn). The other sub-sea tunnel (Norðoyatunnilin) connects the northern island of Borðoy (Klaksvík) to the island of Eysturoy (Leirvík).
You are only charged when driving from Vágar in Vágatunnilin, and driving from Klaksvík in Norðoyatunnilin. All major highways are paved, but some roads, especially to the smaller villages, are still gravel roads. Make sure to navigate these roads with care, as loose gravel can make driving difficult. Motorists are obliged by law to use headlights at all times, day and night. Off-road driving in the Faroe Islands is prohibited by law.