Currency Matters: The Ultimate Guide to Using Euros in Iceland

Should I use euros in Iceland?

Planning a trip to Iceland and wondering if you should bring euros along with you? Let’s explore the currency situation in Iceland and find out what your options are.

What currency is used in Iceland?

The official currency of Iceland is the Icelandic króna (ISK). It’s the only currency accepted by businesses, shops, restaurants, and hotels in Iceland, so you’ll need to exchange your euros (or any other currency) for Icelandic króna once you arrive.

While some larger hotels and tourist attractions may accept euros, it’s always best to carry Icelandic króna with you to avoid any confusion or issues with currency exchange rates.

Where can I exchange euros for Icelandic króna?

You can exchange your euros for Icelandic króna at banks, exchange offices, and some hotels in Iceland. It’s a good idea to shop around for the best exchange rates, as they can vary between different places.

Many exchange offices charge a commission fee for exchanging currency, so be sure to take that into account when deciding where to exchange your money.

Can I withdraw Icelandic króna from ATMs in Iceland?

Yes, you can withdraw Icelandic króna from ATMs in Iceland using your debit or credit card. However, be aware that your bank may charge foreign transaction fees for using your card abroad.

It’s a good idea to check with your bank before you leave to find out what fees they may charge and what the exchange rate for Icelandic króna is.

What should I do with leftover Icelandic króna?

If you have any leftover Icelandic króna at the end of your trip, you can exchange it back to euros (or your home currency) at the airport or any exchange office that accepts Icelandic króna.

It’s always a good idea to keep some Icelandic króna with you, even after you’ve exchanged the majority of it back to euros, in case you need it for taxi fares or other small expenses before you leave Iceland.

Final thoughts

When traveling to Iceland, it’s best to exchange your euros for Icelandic króna to avoid any confusion or issues with currency exchange rates. Be sure to shop around for the best exchange rates and check with your bank about any fees they may charge for using your card abroad.

Remember, the official currency of Iceland is the Icelandic króna, and it’s the only currency accepted by businesses and shops in the country.