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Foreign Exchange Guide to Iceland

Latest market mid-rate: 1.0 =

Country Code:
IS
Domestic Currency:
Icelandic krona
Symbol - Code:
kr ISK
Telephone Prefix:
+354

The domestic currency in Iceland is the Icelandic krona with currency code ISK. Read this foreign exchange guide to Iceland and the Icelandic krona with money transfer and travel tips plus Icelandic krona exchange cross rates.

In this guide we review :

  1. Icelandic krona info - general info about the Icelandic krona
  2. Icelandic krona in the markets - recent ISK moves and predictions from the FX markets
  3. Travelling in Iceland - currency & money saving tips
  4. Buying Icelandic krona cash online - travel money for Iceland
  5. Sending money to Iceland - save on Icelandic krona bank transfers to Iceland
  6. Icelandic krona exchange rates - latest & historic exchange rates.

Icelandic krona (ISK) general currency information

What is the Icelandic krona currency code and symbol?

The three letter currency code for the Icelandic krona is ISK and the symbol is kr.

Which countries use the Icelandic krona?

It is the domestic currency in Iceland.


Icelandic krona (ISK) in the markets

The interactive chart below shows the ISK to USD exchange rate for the previous 3 months with rate alerts for days when the exchange rate moved up or down significantly or for 30 day highs and lows.


ISK-USD 3 Month chart
Loading ISK/USD Chart
ISK currency converter

Travel, Currency and Money saving tips for Iceland

The unit of currency used in Iceland is the Icelandic krona, ISK – Íslensk króna in Icelandic.  Króna means crown, the international currency abbreviation is ISK, but in Iceland you will see “kr.”  All banks can exchange currency and most hotels, but you are likely to get a better rate at the bank. Some shops catering to tourists will accept payment in US dollars or euro but not necessarily at the best rate. Almost every shop and most businesses accept Visa and MasterCard credit cards although American Express is not as common. Cards are commonly used in Iceland even for quite small transactions. However, if you intend to visit isolated villages, or stay in rural farmhouse accommodation in Iceland, it’s a good idea to carry enough cash to tide you over. ATMs – Hraðbanki in Icelandic, or Cash Points, are easily found in cities and towns. It is best to exchange your money into ISK in Iceland, and re-exchange any surplus before you leave, as foreign banks may not deal in ISK.

Office hours are generally 09:00-17:00 and 08:00-16:00 during June, July and August. Shopping hours are Mon-Fri 09:00-18:00, Sat from 10:00 to 13:00/14:00/15:00 or 16:00. Some supermarkets are open to 23:00 seven days a week. Banking hours are Mon-Fri 09:00-16:00. A large portion of Iceland's road system is made up of gravel roads, even some of the main highways, and more so as you get further away from Reykjavik and larger towns. The main highway around Iceland, Route 1, or Ring Road, circumnavigates Iceland in 1,332 kilometres of which 33 km is dirt road. Most of the population lives in or around Reykjavik so the further you get from the capital the less traffic you'll meet.

Iceland Trip Checklist   

  1. Compare ISK travel cash rates - probably why you are here!
  2. Search Hotel deals - Save on your accomodation in Iceland
  3. Lonely Planet - world's best travel guide (coupon and deals)

Travel money for Iceland

Save money and time by Ordering your Icelandic krona online from Travelex, you get better rates and can pick up the ISK cash locally or even on travel day at the airport.

Another popular option is to use a Pre-paid Travel Card. Your Debit/Credit Card provider will charge you 2% from market mid-rate, but your bank may also charge an extra 3% as an “Overseas Transaction Charge” plus “Overseas ATM” fees for withdrawing cash.

For card purchases if offered a choice of currencies always select to Pay in Icelandic krona otherwise you may get much worst exchange rates.

 

Travel Money for Iceland

Compare krISK Cash rates

 

Sending money to Iceland

When searching around for information on how to get a good exchange rate when sending money to Iceland you need to start with finding out the latest Icelandic krona foreign-transfer exchange rate.

Then compare your bank's exchange rates to several licensed FX providers exchange rate and fees to see how much you can save (we make that calculation easy here).

Getting a better deal when sending money to Iceland

When sending money to Iceland it’s important to compare your bank’s rates & fees with those we have negotiated with our partner money transfer providers. To get a better deal you should follow these 4 simple steps :

  1. Open an account with a BER reviewed FX provider (id docs may be required)
  2. You specify the local or Icelandic krona amount you want to transfer
  3. Make a local currency domestic transfer for the requested amount to the provider's bank account in your country
  4. Once your funds are received by the provider the converted ISK amount will be transfered to the recipient account you specify in Iceland.

Use our Send to ISK calculator to compare the exchange rates of FX specialist providers rates versus your bank's standard rates you can hopefully save around 5% and maybe more - end result is more Icelandic krona deposited into the recipient bank account and less margins and fees kept by the banks!

   

Bank Transfers to Iceland

Compare krISK Transfer Rates

 

Icelandic krona - exchange rates - live and historic

Major ISK cross rates
View Full List (A-Z)
1ISK=

ISK/USD - Icelandic krona to U.S. dollar - 10 Year History

DateExchange RatePeriod
10 Jun 20180.0094501 Week
18 May 20180.0095361 Month
19 Dec 20170.0094656 Months
17 Jun 20170.0099091 Year
17 Jun 20160.0081082 Years
18 Jun 20130.0083315 Years
19 Jun 20080.012210 Years

ISK/EUR - Icelandic krona to Euro - 10 Year History

DateExchange RatePeriod
10 Jun 20180.0080191 Week
18 May 20180.0080891 Month
19 Dec 20170.0079966 Months
17 Jun 20170.0088501 Year
17 Jun 20160.0071902 Years
18 Jun 20130.0062225 Years
19 Jun 20080.00787010 Years

ISK/GBP - Icelandic krona to British pound sterling - 10 Year History

DateExchange RatePeriod
10 Jun 20180.0070451 Week
18 May 20180.0070801 Month
19 Dec 20170.0070716 Months
17 Jun 20170.0077561 Year
17 Jun 20160.0056472 Years
18 Jun 20130.0053255 Years
19 Jun 20080.00618510 Years

ISK/JPY - Icelandic krona to Japanese yen - 10 Year History

DateExchange RatePeriod
10 Jun 20181.03441 Week
18 May 20181.05661 Month
19 Dec 20171.06966 Months
17 Jun 20171.09861 Year
17 Jun 20160.84532 Years
18 Jun 20130.79365 Years
19 Jun 20081.315610 Years

ISK/AUD - Icelandic krona to Australian dollar - 10 Year History

DateExchange RatePeriod
10 Jun 20180.01241 Week
18 May 20180.01271 Month
19 Dec 20170.01246 Months
17 Jun 20170.01301 Year
17 Jun 20160.01102 Years
18 Jun 20130.0087915 Years
19 Jun 20080.012810 Years

ISK/CAD - Icelandic krona to Canadian dollar - 10 Year History

DateExchange RatePeriod
10 Jun 20180.01231 Week
18 May 20180.01231 Month
19 Dec 20170.01226 Months
17 Jun 20170.01311 Year
17 Jun 20160.01052 Years
18 Jun 20130.0085005 Years
19 Jun 20080.012410 Years