What to spend your króna on
One-way journey on the Reykjavik busses
A cup of coffee to warm you up
Entrance to the Open Air Folk Museum, Reykjavik
Overnight stay in an ice hotel
2500 and 7000 SEK
Day tour around the Gullfoss (Golden Waterfall)
Must-sees in Iceland
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The inside scoop on Iceland’s króna
In one form or another, the króna has been around in Iceland since 1874, and the current series was introduced after revaluing in 1981. Most major debit and credit cards are accepted in the majority of shops and restaurants, with the exception of American Express.
While there are 100 aurar to every króna, the aurar coins have fallen out of circulation, and the smallest value of coin that is traded on an everyday basis is one króna. Keep a few 50 and 100 krónur coins handy for when you leave a tip. 100 krónur coins will come in very handy if you are using a hire car, since you can use them to pay for parking fees.
Frequently used banknotes
The principal notes in everyday use in Iceland are for the value of 500 (red), 1,000 (purple), 5,000 (multicolour) and 10,000 (blue) krónur, each bearing the image of a famous figure from Iceland.
VAT is included in the price of most items, but for most purchases over 4,000 SEK you can ask for a tax refund form, which you submit at the airport before you leave.
Buying Iceland’s króna online is easy
Free next-day home delivery on orders over £600
- 1. Select your currency
Just tell us how much you need and where you’re going
- 2. Choose how to get it
Get your currency delivered to your door or collect at over 50 Travelex stores
- 3. Pay online
Use either your debit card or credit card and you’re all set