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Last updated : Nov 2009
 
Iceland Currency
Iceland Currency and Bank information - TravelPuppy.com
The Icelandic Krona is the official currency in Iceland.

1 Icelandic Krona (ISK) = 100 aurar.

Notes are in denominations of ISK 10, 50, 100, 500, 1000, 2000 and 5000.

Coins are in denominations of ISK 1, 5, 10, 50 and 100.

Currency exchange

Foreign currencies can be exchanged in all main banks, some of which (such as the Landesbankí at Reykjavíkairport) are open 24 hours. The majority of hotels also provide their guests with exchange services. Exchange services are also accessible from The Change Group, which has offices at Reykjavíkairport, the Tourist Information Centre and in central Reykjavík. ATMs are also available throughout the Iceland, especially Reykjavík.

Credit & debit cards

Diners Club, American Express, Europay, MasterCard and Visa are widely accepted. Please check with your credit or debit card company for details of merchant acceptability and other services which may be available.

Travellers cheques

Travellers cheques are widely used. To avoid additional exchange rate charges, travellers are recommended to take traveller's cheques in US Dollars.

Exchange rate indicators

The following figures should be perceived as a guide to the movements of the Krona against the US Dollar and UK Pounds Sterling:
 
Date At time of publishing
UK £1.00=
ISK 122.95
US $1.00=
ISK 58.98
 
Currency restrictions

The export and import of local currency is unrestricted. When entering Iceland a tourist may bring an unlimited amount of foreign or domestic currency, the same applies when leaving Iceland.

Banking hours

Banking hours are Monday to Friday from 9.15 am to 4.00 pm.
Useful travel links
MasterCard ATM Locator Location of any ATM that accepts MasterCard
Oanda International Currency and foreign exchange services
VISA ATM Locator Location of any ATM that accepts VISA cards