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Iceland awaits. Let's get your travel money sorted
Whether you're going for the glaciers or the volcanoes, the hot springs or the Northern Lights, there are few places with more spectacular scenery than Iceland.
Despite its name and lying just a few degrees south of the Arctic Circle, it has a surprisingly mild climate too. The warm waters of the Gulf Stream regulate its coastal weather and make Iceland's average summer temperatures around from 5°C at night to as high as 25°C throughout the day.
You'll warm to the exchange rate we offer you for your Icelandic króna too. We offer our best rates online and if you order your Icelandic travel money now, it can be in your pocket the next working day.
Order online and you'll get a better deal for your Reykjavik money.
The more Icelandic króna you order, the better your rate.
Get your Icelandic króna from us
Voted ‘Best Foreign Exchange/Travel Money Retailer’ by the UK public at the British Travel Awards 2020
We offer 0% commission on over 60 currencies
You can order your Icelandic króna up-to 5 days in advance
Order online by 3pm and you can usually pick your currency up the next working day
Free home delivery on orders worth £500 to £2,500
We’ll buy back any unspent Icelandic króna notes when you’re home
The more you buy, the better the rates
Get our best rates by buying online
And if your trip’s cancelled, we’ll refund you every penny
Click & Collect at branch
Get hold of your travel money fast. Pick up online orders from your nearest Post Office.
Iceland is one of the more popular destinations for UK travellers in recent years, and it’s not hard to see why. With its unique geothermal landscape, there are rafts of natural phenomena that travellers can’t see anywhere else on earth.
The whole country runs on geothermal energy and is, for many, the template of a country that functions well and offers something for everyone. With its rugged, otherworldly landscapes, bewitching culture of ‘hidden folk’, arts in every town and unique cuisine, travellers are guaranteed an experience like no other.
Iceland is notoriously expensive and it’s important to remember that its currency is only traded internally. Few banks outside of Iceland keep a stock of it so prices can be high when travelling around.
It’s also expensive for Icelandic citizens, so lots of homeowners in Reykjavik let their properties through AirBnB. While there’s a lot of availability, it may contribute to difficult housing situations for locals so it’s preferred visitors stay in formal accommodation like hotels and hostels or outside of the capital.
Eating out is considered a treat by the locals. High prices apply to food cooked by someone else, whether that’s a takeaway pizza or a meal in a restaurant. Alcohol can only be bought (outside of bars) in state-run off-licences, which are open during office hours. This means that you might need to plan to stock up before heading out.
A cup of coffee can cost about 600 ISK, or roughly £3.40
Items such as designer clothing are taxed highly and so can be very expensive – so don’t go to Iceland expecting to replenish your wardrobe
Renting a car is by far the cheapest way of getting around Iceland
Some common questions
What is the Iceland króna?
The Icelandic króna is the official currency of Iceland.
The numeric value of króna is quite high, which can make mental arithmetic a little more challenging than, say, US dollars. But once you’ve got your head around it, it’s not too tricky.
Króna come in coins of 1, 5, 10, 50 and 100. The króna is nominally divided into aurar (cents) however these are no longer accepted tender. However, it is hugely unlikely you would see any.
Króna notes are 500, 1,000, 2,000, 5,000 and 10,000.
Where is the Icelandic króna used?
The Icelandic króna is only used in Iceland.
Where can I buy Icelandic króna?
It’s easy to buy Icelandic króna online using our Click & Collect service or in-branch (use our branch finder tool to locate branches that sell currency).
You can get our best exchange rates, and we can also deliver to your home, if you buy online. You’ll get a better rate the more you buy. And, if you buy at a good time for the pound, you can lock in that great rate.
A handy and secure way to buy holiday money is on a Travel Money Card. It’s a prepaid Mastercard® that stores up to 23 currencies, including the Icelandic króna. And you can manage it easily with the free Post Office Travel app, available in iOS and Android.
Iceland is an increasingly cash-free society and it’s common for locals and visitors to pay for everything using credit or debit cards. If you do want to pay using plastic, one way is with a Post Office Travel Money Card. In TMC currency countries, there are no charges or fees.
But remember that paying for items using a credit or debit card abroad can come with charges, so if you want to keep costs down, it’s useful to research what charges your provider levies.