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Understanding the Table:
The comparison table above helps you see the total cost of your currency transaction by showing the exchange rates offered by different providers. It also makes it easy to spot potential savings from market-leading FX services compared to bank rates.
To see a full list of available providers, simply enter your transaction type, details and click ‘GET RATES’.
Euro (EUR) to Icelandic krona (ISK) market data - latest interbank exchange rate, trend, chart & historic rates.
EUR/USD Outlook: The outlook is slightly positive, but likely to move sideways, as the rate is above its recent average and near recent highs without a clear driver.
EUR/JPY Outlook: The outlook for EUR/JPY is bullish, as the rate is significantly above its 90-day average and near recent highs, supported by a strong euro...
To help you understand the real-world value of the current exchange rate, the table below shows how much Euro are worth in Icelandic krona across a range of amounts.
This gives a quick view of what you’d get when converting different EUR amounts at today’s rate * :
*Converted at the current EUR-ISK interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
How much does it really cost to live, work, or travel in ? Here's what to expect for daily expenses and expat living.
When planning a week-long mid-range stay in Iceland, travelers should budget around 200,000 ISK (approximately 1,400 USD) for a comfortable experience without feeling restricted. Here's a short list of typical daily expenses you may encounter during your visit:
Overall, Iceland is considered an expensive destination compared to many countries, including the United States and the United Kingdom. For example, daily spending in Iceland can be up to 30% higher than in the US and about 20% more than the UK, especially for dining and accommodation. However, traveling during the off-peak season or utilizing local dining options can help mitigate costs.
For those relocating to Iceland, typical monthly living costs for a comfortable lifestyle can range from 300,000 to 400,000 ISK (roughly 2,000 - 2,800 USD). This includes rent for a one-bedroom apartment, utilities, groceries, and transport. It's important to note that banking in Iceland is straightforward, with most people relying on credit and debit cards for everyday purchases. Cash transactions are declining in popularity, so having a local bank account is beneficial.
When it comes to exchanging money, it’s usually better to avoid exchanging cash at airports or banks due to unfavorable rates. Instead, using online transfer services like Wise or OFX can provide substantial savings due to their competitive exchange rates and lower fees. Both platforms allow you to send and receive funds efficiently, making them genuine alternatives to traditional banking methods.
View a full list of exchange rates by selecting your Base (from) currency:
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