What is the currency used in Iceland and its exchange rate?
Iceland's official currency is the Icelandic króna (ISK). Exchange rates fluctuate daily, with approximately 155 ISK to 1 euro depending on market conditions.
The Icelandic Króna (ISK)
Iceland uses its own national currency: the Icelandic króna, abbreviated ISK (Íslenska króna). This currency has existed since 1922 and remains independent of the euro despite the country's membership in the European Economic Area.
Exchange Rate and Fluctuations
The exchange rate varies daily according to financial markets. For reference, 1 euro is generally equivalent to 150-160 ISK, but these variations can be significant from one period to another.
- Real-time consultation: check on XE.com or your bank before departure
- Currency exchange on site: banks, exchange offices at Keflavík airport
- Bank cards: widely accepted throughout Iceland
Key Points
Iceland is an almost cashless society. Card payments are preferred, even for small amounts. Nevertheless, plan to have a few króna on hand for the rare situations requiring cash.