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Icelandic krona — Iceland’s currency

The Icelandic Krona (ISK, kr) is the currency used in Iceland. Convert pounds to Icelandic krona with an indicative GBP/ISK rate, then see cash, card, ATM and buying notes for a trip — Wayfare does not sell krona.

1 GBP = 168.00 ISK1 ISK = 0.006 GBP· Demo data
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Currency Converter

Demo data
kr 16,800
Sample rate1 GBP = 168.00 ISK

Indicative sample rates for demonstration — not live market data.

Quick conversions

Pounds to icelandic krona

Tap an amount to fill the converter.

Exchange rate

GBP to ISK

Indicative rates for travel planning — not dealing quotes.

Demo data

GBP → ISK

1 GBP

168.00 ISK

1 ISK

0.006 GBP

EUR/ISK1 EUR = 144.31 ISK
USD/ISK1 USD = 124.35 ISK

Indicative sample rates for demonstration — not live market data.

Plan

Travel budget calculator

A simple estimate of trip spend in pounds and icelandic krona. Not an official recommended budget — the travel money planner is the full trip-planning product.

Demo data

Total GBP

£1,400.00

Estimated ISK

kr 235,200

Estimate only — using demo data. Actual rates and fees can vary by provider, so the amount you actually spend can differ. For a cash versus card split, open the travel money planner.

Travel money

Travel money in Iceland

Practical choices for cash, cards, ATMs and exchange when you're using icelandic krona.

Cash

Cards go a long way in Iceland, so you rarely need a large cash float. Carry a little krona for smaller purchases, tips and gaps, and keep an emergency amount separate from daily spending.

Cards

Hotels, restaurants, shops, fuel stations and tours across Iceland commonly take contactless and chip-and-PIN. Check your card’s foreign-transaction fees. A prepaid travel money card can also hold krona — compare options on the Travel Money hub. Sketch a cash-versus-card split on the travel money planner if you want a fuller trip budget.

ATMs

Cash machines are found in Icelandic towns, at the airport and in Reykjavík. Withdraw krona when you need it. Some operators add a fee on screen — this page does not assume a standard Icelandic ATM charge. Use the ATM withdrawal calculator if you want a rough cost before you travel.

Buying and exchanging Icelandic krona

You can buy Icelandic krona at a UK bank or bureau before you fly, or exchange after you land. Banks, bureaux and airport desks set their own rates, fees and stock — Wayfare does not sell notes or list shops near you. Compare how many kr you would receive for a set pound amount after any commission, then use the Travel Money hub for a fuller buying checklist.

Dynamic currency conversion

If an Icelandic ATM or card terminal offers to charge you in pounds rather than krona, the operator is applying its own conversion (DCC). Choosing ISK usually keeps the clearer total. Compare the on-screen figures before you confirm — neither path is always cheaper.

Fees and denominations

Notes commonly seen are 500, 1,000, 2,000, 5,000 and 10,000 kr; coins are 1, 5, 10, 50 and 100 kr. Amounts are whole krónur — there is no minor unit in circulation. Providers earn through a rate margin, a fee, or both. This page does not list bank-specific charges. Browse other published currencies in the currency explorer if your trip uses more than krona.

Plan a trip budgetEstimate an ATM withdrawalHow to buy travel money

Facts

Icelandic Krona at a glance

Code, symbol and where ISK is used.

Currency
Icelandic Krona
Code
ISK
Symbol
kr
Used in
Iceland
Decimal places
0

Guide

About the Icelandic Krona

Key facts about ISK, how its rate is set and how to read a quote.

What is the Icelandic Krona?

The Icelandic Krona is Iceland’s official currency, issued by the Central Bank of Iceland. Its ISO code is ISK and the symbol is kr. In Icelandic the currency is the króna (plural krónur); you may also see it written “krona”, “kronur” or “kroner” in English. Amounts are whole krónur — there is no minor unit in everyday use, so prices and the converter here do not use decimals.

This is the currency for Iceland — Reykjavík and the whole country — and what Icelandic money is called day to day. A tour or hotel desk may also show a pound or euro figure as a convenience quote; that is not a second official currency.

Icelandic money in daily use

If you are looking up the currency for Iceland or Reykjavík, the unit you spend is the krona. Shops, cafés, fuel stops and tours price in ISK. Cards are widely used across Iceland, so many visitors carry only a little cash — keep some krona for smaller purchases and gaps, and use a card where terminals work.

Because a single krona is a small unit, everyday prices carry large numbers (a coffee can be several hundred krónur). That is normal — it does not mean anything is unusually expensive in pound terms until you convert it.

How Icelandic Krona exchange rates work

A GBP/ISK exchange rate is how many krona one pound converts into. A figure of 168 means one pound buys about 168 kr on that quote — the same idea people search for as “sterling to Icelandic krona” or “foreign exchange Icelandic krona”. The number on a board is not automatically the amount you receive.

Banks, UK bureaux, Icelandic desks and cards usually add a margin, a fee, or both. A headline rate that looks stronger can still pay out fewer krona once those extras are included, which is why the same GBP→ISK request differs between providers. Compare the total kr you would actually get for a round sum such as £100 or £500 — not the advertised rate alone. Wayfare does not rank providers or claim a best rate.

Figures in the converter are indicative so you can see the arithmetic. They are not a dealing quote. A bureau or card will use its own number.

Reading GBP/ISK, EUR/ISK and USD/ISK

Pairs are written base-first. In GBP/ISK the pound is the base, so the number is how many krona one pound buys: a sample rate of 168 means £1 ≈ 168 kr. EUR/ISK is how many krona one euro buys; USD/ISK is how many one US dollar buys. The figures look large because a single krona is a small unit.

To convert pounds, multiply by the GBP/ISK rate (£100 × 168 = 16,800 kr on this demo figure). Results are whole krónur. To go back, divide krona by the same rate. Use the converter on this page — or the dedicated currency converter — to try other amounts. The result is indicative only.

FAQ

Frequently asked questions

Quick answers to common questions about the Icelandic Krona and converting to it.

What currency does Iceland use?

Iceland uses the Icelandic Krona (ISK), including in Reykjavík and across the whole country. A pound or euro figure on a tour or hotel desk is a convenience quote, not a second currency.

What is the Icelandic Krona, and what is ISK?

The Icelandic Krona is Iceland’s official currency — what Icelandic money is called day to day. ISK is its ISO 4217 code and the symbol is kr. Amounts are whole krónur, with no everyday minor unit.

Is it “krona”, “krónur” or “kroner”?

They refer to the same currency. In Icelandic it is the króna (singular) and krónur (plural); in English you will also see “krona”, “kronur” and the Danish-style “kroner”. The code ISK and symbol kr are used everywhere to avoid confusion with other Nordic kronor and kroner.

What are the Icelandic Krona denominations?

Notes are 500, 1,000, 2,000, 5,000 and 10,000 kr; coins are 1, 5, 10, 50 and 100 kr. Because there is no minor unit in circulation, prices and conversions are whole krónur.

How do I convert GBP to ISK?

Multiply the pound amount by the GBP/ISK rate. The converter on this page shows an indicative result — not what a bureau or card will pay out. Open the full currency converter if you want to try other published pairs.

How do I convert ISK to GBP?

Divide the krona amount by the GBP/ISK rate, or swap the currencies in the converter on this page. The figure is indicative for planning, not a dealing quote.

Why can Icelandic Krona exchange rates differ between providers?

Each bank, bureau, card or ATM sets its own dealing rate and may add a margin or fee, so the same pound-to-krona request pays out different amounts. Wayfare does not claim a best rate — compare the kr you would actually receive for a set pound sum, not just the headline rate.

Where can I buy Icelandic Krona?

Common options are a UK bank or bureau before you travel, or an exchange desk once you arrive. Stock, hours and fees vary by provider. Wayfare does not sell Icelandic krona — compare the amount received after charges, and use the Travel Money hub for a buying checklist.

Can I use cards in Iceland?

Cards are widely used across Iceland, from Reykjavík to smaller towns and tours. Check foreign-transaction fees, and keep a little krona for smaller purchases. A prepaid travel money card can also hold krona — compare options on the Travel Money hub.

Can I withdraw Icelandic Krona from an ATM?

Yes, if your card works abroad. Withdraw ISK, read any fee on screen, and compare a pounds conversion offer carefully before you accept it. Estimate cost first with the ATM withdrawal tool.

Should I choose ISK or GBP at an ATM?

When a machine or terminal offers to charge you in pounds, that is often dynamic currency conversion. Choosing ISK usually keeps the clearer total — compare the on-screen figures before you confirm. Neither option is always cheaper.

How much money do I need for an Iceland trip?

There is no single right amount. Start from daily spend × days, then decide a small cash share since cards cover most spending. Use the travel budget sketch on this page, then the travel money planner for a fuller cash-versus-card plan.

Why can the rate I receive differ from Wayfare’s figure?

Wayfare shows an indicative sample or reference rate for planning. A bank, bureau, card or ATM uses its own dealing rate and may add a margin or fee. Always compare the krona you would actually receive.

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