Iceland Money - Krona

Iceland’s unit of currency is the króna (krónur in the plural), which is abbreviated to either Isk, Ikr or kr. One króna is equal to 100 aurar. At the time of writing (October 3, 2010), the exchange rate was 112 ISK to USD$1, 155 ISK to EUR 1, 178 ISK to £1, 110 ISK to CAN$1, 109 ISK to AUD$1 and 84 ISK to NZD$1.

You might have a hard time to get krónur in your home country. In that case, you can go to the exchange office at Reykjavík’s airport, which is open 24 hours. Banks are usually open from 9 a.m. until 4 p.m.

Traveler’s checks, Eurochecks and major credit cards, such as Visa, Master Card, Maestro and Cirrus are accepted in most hotels, restaurants and shops. If you plan to visit rural areas, it is recommended to bring some cash, since you might not be able to find an ATM or your card might not be accepted.