Travel Guide - Iceland – Currency Hub

ICELAND

DESTINATION GUIDE

The North Atlantic Nordic nation of Iceland is renowned for its breathtaking natural scenery, which includes geothermal hot springs, waterfalls, glaciers, and volcanoes. Hiking, whale watching, and the opportunity to see the Northern Lights in the winter are just a few of the many outdoor pursuits the country has to offer. The capital of Iceland, Reykjavik, is the northernmost capital of a sovereign state and offers a booming music scene, modern architecture, and a variety of cultural experiences. With several hot springs, such as the well-known Blue Lagoon, Iceland is renowned for its distinctive geothermal energy resources and draws tourists seeking rest and renewal. Iceland is a must-visit location for adventurers and nature enthusiasts because of its dedication to sustainability and protecting its pristine ecosystem.

CURRENCY INFORMATION

Currency Name: Euro
Currency Name: Icelandic Króna
Currency Code: ISK
Symbol: kr
Coins: 1 kr, 5 kr, 10 kr, 50 kr, 100 kr
Banknotes: 500 kr, 1,000 kr, 2,000 kr, 5,000 kr, 10,000 kr

DAILY COST IN ICELAND

ACCOMODATION

ISK 6,000 to 12,000 per night for a basic shared room in a hostel or guesthouse

ISK 15,000 to 35,000 per night for a 3-star hotel or private room in a guesthouse

ISK 40,000 to 80,000 or more per night for high-end hotels or luxury resorts

MEALS

Typical meals cost around ISK 1,500–3,500 per person for street food or casual dining

A three-course meal at a mid-range restaurant can cost between ISK 4,000–9,000

Street food, such as hot dogs or lamb soup, can range from ISK 1,000–2,500

TRANSPORTATION

Public transportation (buses) in Reykjavik costs approximately ISK 400–600 per ride

Taxis start at about ISK 800–1,000 for the first 1-2 km and increase with distance

A rental car can cost around ISK 7,000–15,000 per day, depending on the vehicle type and rental company

SIGHTSEEING & ENTERTAINMENT

Entrance fees for museums and attractions are generally between ISK 1,500–3,000

Major tourist attractions, like the Blue Lagoon or Golden Circle, may cost between ISK 5,000–10,000 for entry or guided tours

These are average estimates and can vary depending on the season, location, and specific preference

CURRENCY EXCHANGE TIPS FOR ICELAND

ATMs

Iceland has plenty of ATMs that accept international cards, though many may charge a fee for withdrawals. You can find ATMs in major cities like Reykjavik and at airports. It's generally more cost-effective to withdraw larger amounts at once to minimize transaction fees.

CURRENCY EXCHANGE

Currency exchange rates at airport kiosks or hotel exchange counters may not offer the best rates, and service fees or commissions may apply. For better rates, it's advised that tourists exchange their money before departure at local services like Currency Hub in Knox, Melbourne. We offer competitive exchange rates and provide a hassle-free service to help you get the best value for your money. While it's convenient to exchange a small amount at the airport for immediate needs, for larger withdrawals, use ATMs or local exchange offices in France to get a more favorable rate.

USING CARDS

Credit and debit cards are widely accepted in Iceland, especially in cities and tourist areas. Hotels, restaurants, shops, and even taxis often accept card payments, so it's a good idea to rely on cards for most transactions. However, it’s advisable to carry some cash (in Icelandic Króna) for small purchases or in more remote areas where card payments may not be accepted. Always check with your bank to ensure your card will work internationally and inquire about any foreign transaction fees before using it abroad.

YOUR ICELAND ITINERARY

VISIT THE BLUE LAGOON
Relax in the famous geothermal spa, the Blue Lagoon, with its milky-blue waters and natural healing properties, set against a stunning lava landscape.
SEE THE NORTHERN LIGHTS
Iceland is one of the best places to see the Northern Lights. Visit during winter to experience this magical natural phenomenon.
EXPLORE THE GOLDEN CIRCLE
This popular tourist route includes Þingvellir National Park, the powerful Gullfoss waterfall, and the erupting Geysir geothermal area.
TOUR THE ICE CAVE AND GLACIER HIKING
Take a guided tour through the mesmerizing ice caves of Vatnajökull Glacier or hike on glaciers like Sólheimajökull for an unforgettable experience.
DISCOVER THE SOUTH COAST
Explore the dramatic South Coast, including stunning waterfalls like Seljalandsfoss and Skógafoss, and the black sand beaches of Reynisfjara.
EXPLORE REYKJAVIK
Visit the capital city, Reykjavik, and explore its vibrant culture, including the Hallgrímskirkja Church, Harpa Concert Hall, and the National Museum of Iceland.