Iceland Currency Converter
Convert Icelandic Króna (ISK) to and from major world currencies
Exchange Rate Tables
ISK to Major Currencies
| Icelandic Króna (ISK) | Currency | Converted Amount |
|---|---|---|
| 1 ISK | US Dollar (USD) | 0.00794 USD |
| 10 ISK | US Dollar (USD) | 0.0794 USD |
| 100 ISK | US Dollar (USD) | 0.794 USD |
| 1,000 ISK | US Dollar (USD) | 7.94 USD |
| 10,000 ISK | US Dollar (USD) | 79.40 USD |
| 1 ISK | Euro (EUR) | 0.00677 EUR |
| 100 ISK | Euro (EUR) | 0.677 EUR |
| 1,000 ISK | Euro (EUR) | 6.77 EUR |
| 1 ISK | British Pound (GBP) | 0.00594 GBP |
| 100 ISK | British Pound (GBP) | 0.594 GBP |
| 1,000 ISK | British Pound (GBP) | 5.94 GBP |
Major Currencies to ISK
| Amount | Currency | Icelandic Króna (ISK) |
|---|---|---|
| 1 | US Dollar (USD) | 126.08 ISK |
| 10 | US Dollar (USD) | 1,260.80 ISK |
| 100 | US Dollar (USD) | 12,608 ISK |
| 1,000 | US Dollar (USD) | 126,080 ISK |
| 1 | Euro (EUR) | 147.85 ISK |
| 100 | Euro (EUR) | 14,785 ISK |
| 1,000 | Euro (EUR) | 147,850 ISK |
| 1 | British Pound (GBP) | 168.56 ISK |
| 100 | British Pound (GBP) | 16,856 ISK |
| 1,000 | British Pound (GBP) | 168,560 ISK |
About Icelandic Króna
The Icelandic króna (ISK) is the official currency of Iceland, introduced in 1874 when Iceland gained monetary independence from Denmark [web:1]. The name “króna” shares its origin with other Scandinavian currencies like the Swedish krona, Danish krone, and Norwegian krone, all meaning “crown” [web:2].
Currency Code
ISK
Symbol
kr
Subdivisions
100 aurar
Current Range
120-135 per USD
Denominations
Coins
1 króna
5 krónur
10 krónur
50 krónur
100 krónur
Banknotes
500 krónur
1,000 krónur
2,000 krónur
5,000 krónur
10,000 krónur
Conversion Examples
If you’re planning a trip to Iceland with a budget of $2,000 USD:
$2,000 USD × 126.08 = 252,160 ISK
This amount can help you estimate accommodation, meals, and activities during your visit [web:2].
A typical restaurant meal costs around 3,500 ISK:
3,500 ISK ÷ 126.08 = $27.76 USD
This helps you budget for dining expenses while traveling.
An Icelandic wool sweater costs 15,000 ISK:
15,000 ISK ÷ 126.08 = $118.99 USD
Converting prices helps you compare values with your home currency.
A night at a Reykjavik hotel costs 25,000 ISK:
25,000 ISK ÷ 126.08 = $198.32 USD
Use this to evaluate accommodation costs against your budget.
Popular Currency Conversions
ISK to USD
Most common conversion
Rate: 126.08 ISK = 1 USD [web:4]
ISK to EUR
European travelers
Rate: 147.85 ISK = 1 EUR
ISK to GBP
UK visitors
Rate: 168.56 ISK = 1 GBP
ISK to CAD
Canadian tourists
Rate: 91.61 ISK = 1 CAD
ISK to AUD
Australian travelers
Rate: 83.51 ISK = 1 AUD
ISK to SEK
Scandinavian neighbors
Rate: 12.45 ISK = 1 SEK
Exchange Rate Trends
The Icelandic króna has experienced notable volatility over the years [web:6]. In 2025, the USD to ISK exchange rate has ranged between 120.78 and 139.07, with an average rate of approximately 128.31 [web:6]. The currency tends to fluctuate based on Iceland’s tourism industry, fishing exports, and global economic conditions.
2025 Exchange Rate Performance
| Period | High (ISK per USD) | Low (ISK per USD) | Average |
|---|---|---|---|
| Last 7 days | 126.50 | 125.20 | 125.85 |
| Last 30 days | 128.00 | 126.08 | 127.30 [page:2] |
| Last 90 days | 128.00 | 120.70 | 124.57 [page:2] |
| 2025 Year-to-date | 139.07 | 120.78 | 128.31 [web:6] |
Frequently Asked Questions
What is the current exchange rate for ISK to USD?
As of December 2025, the exchange rate is approximately 126.08 ISK to 1 USD [page:2]. This rate fluctuates daily based on market conditions, so always check current rates before making transactions.
Can I use foreign currency in Iceland?
While ISK is the only official currency in Iceland, the country is heavily card-dependent [web:2]. Credit and debit cards are accepted almost everywhere, even for small purchases. Cash usage is rare, and many locals never use physical money.
Should I exchange money before traveling to Iceland?
It’s generally not necessary to exchange large amounts of cash before visiting Iceland. ATMs are widely available in Reykjavik and major towns, offering competitive exchange rates. Using cards for most transactions is more convenient and often more economical.
Where can I exchange currency in Iceland?
Currency exchange services are available at Keflavik International Airport, banks in major cities, and some hotels. However, withdrawal from ATMs typically offers better rates than currency exchange counters.
Is the Icelandic króna a strong currency?
The Icelandic króna is considered a relatively weak currency compared to major international currencies [web:8]. It has been devalued several times throughout history. Despite this, Iceland remains an expensive travel destination due to high local costs.
How much ISK should I budget per day in Iceland?
A moderate daily budget for travelers ranges from 15,000 to 25,000 ISK (approximately $119-$198 USD), covering accommodation, meals, and activities. Budget travelers might manage on 10,000-15,000 ISK, while luxury travelers may spend 35,000+ ISK per day.
What denominations of ISK are commonly used?
Common banknotes include 500, 1,000, 2,000, 5,000, and 10,000 krónur [web:5]. Coins come in 1, 5, 10, 50, and 100 krónur. However, with widespread card usage, you may rarely encounter physical currency.
Are there fees for using foreign cards in Iceland?
Foreign transaction fees vary by your bank or card issuer. Many international cards work seamlessly in Iceland, but check with your financial institution about foreign transaction fees and notify them of your travel plans to avoid card blocks.
How does the ISK compare to other Scandinavian currencies?
While the króna shares its name origin with Swedish krona (SEK), Norwegian krone (NOK), and Danish krone (DKK), it is a separate, independent currency [web:2]. The ISK is generally weaker, with approximately 12-13 ISK equaling 1 SEK.
Will the króna exchange rate affect my Iceland trip costs?
Yes, exchange rate fluctuations can significantly impact your travel budget. A stronger USD against ISK means better purchasing power in Iceland. Monitor rates before your trip and consider using cards that offer favorable exchange rates without additional fees.
Tips for Currency Exchange
Use ATMs
ATMs typically offer better exchange rates than currency exchange services. Withdraw larger amounts to minimize transaction fees.
Notify Your Bank
Inform your bank about your Iceland travel dates to prevent your card from being blocked for suspicious activity.
Choose Local Currency
When prompted, always choose to pay in ISK rather than your home currency to avoid unfavorable dynamic currency conversion rates.
Monitor Rates
Exchange rates fluctuate daily. Check rates regularly and exchange when favorable, especially for larger amounts.
Carry Minimal Cash
Since Iceland is highly card-friendly, carry only small amounts of cash for emergencies or rare cash-only situations like some campgrounds.
Compare Services
If exchanging cash, compare rates between banks, exchange offices, and airports to find the most competitive option.
References
- Central Bank of Iceland. Official monetary policy and exchange rate data. Available at: www.sedlabanki.is
- International Monetary Fund. Iceland – Country Data and Statistics. IMF Data Portal.
- Bank for International Settlements. Triennial Central Bank Survey of Foreign Exchange and OTC Derivatives Markets.
- Xe.com. Historical Currency Exchange Rates – ISO 4217 Currency Codes.
- European Central Bank. Euro foreign exchange reference rates – ISK.