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Costs, money and banks
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Due to its small consumer base and dependency on imports, Iceland is an expensive country to visit, even compared to the rest of Europe and Scandinavia. There are ways to minimize costs, whether you're planning to stay in hotels and rent a car, or simply travel between campsites on public buses, but expect to pay substantially more than you're used to for all food, transport and accommodation.
Iceland's
currency
is the
krona
(kronur in the plural), abbreviated to either Isk, Ikr or kr, which divides into 100
aurar
. Notes come in 5000kr, 2000kr, 1000kr and 500kr denominations, and there are 100kr, 50kr, 10kr, 5kr, and 1kr coins, decorated with sea creatures. You might also encounter 50 or 10 aurar coins, though due to inflation these are seldom seen today. At the time of writing the
exchange rate
was approximately 117kr to ?1; 81kr to US$1; 55kr to CAN$1; 45kr to AU$1; and 34kr to NZ$1. Other useful information
for tourists (each section contains more specific sub-sections): |
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Iceland |