How to get your Icelandic króna

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How far will your Icelandic Króna go?

As the world’s second-most expensive country to live in, you might need more money than you expect in Iceland.

Here's how much things are likely to cost you: 

  • Three-course meal for 2 in a mid-range restaurant: 14,000 kr (£95)
  • Cappuccino: 561 kr (around £4)
  • Bottle of water: 257.67 kr (£1.70) 
  • Bottle of beer: 1,200 kr (around £7) 
  • Taxi: 276 kr/km (£1.87/km) 

Check out our money-saving guide to Iceland, to find out how to keep costs down on your trip.

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Paying for things in Iceland


ATMs are widely available in most towns and cities across Iceland, and generally accept all major debit, credit and prepaid cards. However, not all ATMs are accessible 24-hours, and some may charge a fee for withdrawal. To avoid paying a fee:

  • Buy some Icelandic Króna in advance of your trip 
  • If you do use an ATM, take out a larger amount in one go, rather than doing lots of small withdrawals

Paying with card

You should have no problem paying with your credit or debit card in Iceland, where cards are accepted almost everywhere. However, you may be charged a transaction fee, so it's always preferable to bring some cash along with you. 

  • When given the choice, always choose to pay in local currency. 


While it’s always appreciated, tipping isn’t necessary in Iceland.


What denominations does the Icelandic króna come in?

The Icelandic króna comes in the following denominations:


500, 1000, 2000, 5000 and 10000 krónur


1 króna; 5, 10, 50, and 100 krónur

Buy Back

Leftover Icelandic króna?

No problem. We'll buy back any Icelandic krónas you have leftover at excellent rates, leaving you with more cash in your pocket (and a tidier desk drawer).

We will buy back up to GBP300 worth of currency per order, as per our terms and conditions.

To request a buy back, email [email protected] with your order number. 

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