Buy Icelandic Krona Online

The Icelandic Krona (ISK) is available in both coins and banknotes. Coins are available in 1, 5, 10, 50, and 100 krona denominations. Banknotes come in 500, 1,000, 2,000, and 5,000 krona denominations. For everyday purchases, a mix of coins for small transactions and notes for larger payments is recommended.

Yes, cash is accepted in most places across Iceland, but credit cards are also widely used, even for small transactions. Reykjavik and other major cities have numerous establishments that accept cards. However, for rural areas and smaller shops, it's still a good idea to carry some Icelandic Krona (ISK). It’s best to have both cash and a Hays Travel Money Prepaid Mastercard® Currency Card for convenience.

Using credit or debit cards in Iceland may incur foreign transaction fees, which typically range from 1% to 3% of the transaction amount. Additionally, certain ATMs may charge a withdrawal fee. To avoid these fees, consider using a Hays Travel Money Prepaid Mastercard® Currency Card.

The official currency of Iceland is the Icelandic Krona (ISK), and while some establishments in Reykjavik may accept US Dollars (USD) or Euros (EUR), it's not common. For the best value and to avoid unfavourable exchange rates, always use Icelandic Krona for transactions within Iceland.

Tipping is not mandatory in Iceland and is not expected in most situations. Service charges are often included in restaurant bills, and workers in the hospitality industry typically do not rely on tips. However, if you receive exceptional service, a small tip of ISK 500 to ISK 1,000 is appreciated, but it is entirely voluntary.

The cost of a meal in Iceland can vary. A budget meal at a casual restaurant or café may cost between ISK 2,000 and ISK 4,000. In mid-range restaurants, expect to pay around ISK 4,000 to ISK 8,000 per person for a meal. Fine dining or upscale restaurants in Reykjavik may cost upwards of ISK 10,000 to ISK 20,000 per person.

The amount of Icelandic Krona (ISK) you should buy depends on your trip duration and expected expenses. A good rule of thumb is to exchange enough currency for your first few days and then consider top-ups through the Hays Travel Money Prepaid Mastercard® Currency Card.

The best time to buy Icelandic Krona is when the exchange rate is favourable. Monitor the ISK exchange rate before you travel and try to purchase Krona when the rate is more favourable. Alternatively, you can lock in a good exchange rate by using a Hays Travel Money Prepaid Mastercard® Currency Card before your trip.

The Icelandic Krona (ISK) is the official currency of Iceland and is accepted exclusively within the country. It is not widely accepted outside of Iceland, so it’s recommended to convert ISK to the local currency if you are traveling to other destinations.

We’ll buy back any foreign currency purchased with our Buy Back scheme so you’re not out of pocket after your big adventures.

At Hays Travel you have several quick and easy methods to buy your currency. You can click & collect, call into branch, or choose home delivery.

You can also buy the Hays Travel Money Prepaid Mastercard® Currency Card and load currency before your departure. ATMs are widely available in airports, hotels, and city centres.

Both cash and cards are widely accepted in Iceland, but credit cards are more commonly used in urban areas like Reykjavik. For smaller purchases, cash may still be useful, particularly in rural areas, local shops, or small cafes. A combination of Icelandic Krona (ISK) for smaller transactions and a Hays Travel Money Prepaid Mastercard® Currency Card for larger purchases is ideal.

Carrying cash in Iceland is generally safe, as the country has a very low crime rate. However, it's always good practice to exercise caution with cash while traveling. Consider using a money belt or secure wallet to protect your Icelandic Krona (ISK), and use a Hays Travel Money Prepaid Mastercard® Currency Card for larger expenses to reduce the amount of cash you need to carry.