Iceland uses the Icelandic króna, code ISK3. One US dollar equals 121.94 ISK as of 2026-10-311. The country is nearly cashless, so cards work almost everywhere8, but foreign cash like dollars or euros is rarely accepted9. Knowing this before you land saves confusion at the till.
Updated 2026-10-31. Numbers carry a small link to their source. Fees and rules change, check the screen or the form before you pay.
Mid-market rate, refreshed in your browser. The booth and the ATM will give you less than this: the difference is their fee.
Updated 2026-10-31
Daily reference rates of the European Central Bank, Frankfurter.
Iceland's money is the Icelandic króna, ISK for short3. It is not the euro, even though Iceland sits inside the Schengen travel zone3.
Notes come as 500, 1,000, 2,000, 5,000 and 10,000 krónur4. The 10,000 krónur note4 shows the poet and scientist Jónas Hallgrímsson7.
Coins come as 1, 5, 10, 50 and 100 krónur5. Banks stopped taking the old aurar coins, the cents, since 20036.
Iceland runs mostly on cards. Shops, restaurants, taxis and buses all take credit and debit cards8.
Cash works more like a backup here. Cards are accepted almost everywhere, so you rarely need to carry much krónur8.
US dollars and euros are rarely accepted in shops and restaurants9.
The safest move is to pay by card instead of carrying foreign cash9.
ATMs are the easiest option. They sit all over Keflavík Airport and across Reykjavík10.
Three banks also exchange money: Landsbankinn, Íslandsbanki and Arion Bank, usually open 09:00 to 16:00 on weekdays11.
At the airport, Prosegur Change runs an exchange desk in the arrivals hall, first floor, before security12,13. Its airport ATM runs 24 hours a day13. Ordering money online through Prosegur Change carries 0% commission14.
A typical bank ATM withdrawal costs a fixed fee of 275 to 495 ISK, plus about 1% of the amount you take out15.
Pack a card that works abroad. Iceland takes cards almost everywhere, so a card matters more than cash8.
Keep cash light. A small bit of krónur covers the rare spot that will not take a card8.
Tell your bank before you fly, so a card swipe in Reykjavík does not get blocked as fraud.
No. Iceland uses its own currency, the Icelandic króna (ISK)3.
About 121.94 ISK as of 2026-10-311.
Rarely. Shops mostly want krónur or a card, not foreign cash9.
Banks charge a fixed fee of 275 to 495 ISK plus about 1% of the amount15.
Exchy converts krónur to your home currency without ads, right on your phone, even offline. Get Exchy on Google Play.