🇮🇸 What currency does Iceland use?

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.

CURRENCY NAME
Icelandic króna (ISK)
EXCHANGE RATE
1 USD = 121.94 ISK1
Rate as of 2026-10-31
CASH OR CARD
Cards almost everywhere
Iceland is mostly cashless8
FOREIGN CASH ACCEPTED
Rarely accepted
Pay by card instead9
ATM WITHDRAWAL FEE
275 to 495 ISK + ~1%15
Typical bank ATM fee
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LIVE RATE

How much is that in your money?

Mid-market rate, refreshed in your browser. The booth and the ATM will give you less than this: the difference is their fee.

...
1 USD =
121.94 ISK

Updated 2026-10-31

Rate history: USD → ISK

Daily reference rates of the European Central Bank, Frankfurter.

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🇺🇸
USDUS Dollar
100
🇹🇭
THBThai Baht
3,359.80
1 $ = 33.598 ฿ ▲0.03%
🇪🇺
EUREuro
88.59
1 € = 1.1288 $ ▼0.07%
🇺🇦
UAHHryvnia
4,491.30
1 $ = 44.91 ₴ ▼0.01%
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🕵️ BOOTH CHECK
−4.2%
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🇺🇸 1 USD

What does Icelandic money look like?

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.

Cash or card: what works in Iceland?

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.

Are US dollars or euros accepted in Iceland?

US dollars and euros are rarely accepted in shops and restaurants9.

The safest move is to pay by card instead of carrying foreign cash9.

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Where to get Icelandic krónur

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.

What to do before you fly to Iceland

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.

Short answers

Does Iceland use the euro?

No. Iceland uses its own currency, the Icelandic króna (ISK)3.

How many krónur is $1?

About 121.94 ISK as of 2026-10-311.

Can I pay with US dollars in Iceland?

Rarely. Shops mostly want krónur or a card, not foreign cash9.

What does an ATM withdrawal cost in Iceland?

Banks charge a fixed fee of 275 to 495 ISK plus about 1% of the amount15.

Where can I exchange money at the airport?

Prosegur Change runs a desk in the arrivals hall before security, plus a 24 hour ATM12,13.

The short version

Exchy converts krónur to your home currency without ads, right on your phone, even offline. Get Exchy on Google Play.

Related

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Sources

  1. Exchange rates, mid-market, 2026-10-31, 2026
  2. ISO 4217 currency of the country, 2026
  3. Visit Reykjavík (official Reykjavík tourist information site): national currency, 2026
  4. Wikipedia: banknote denominations in circulation, 2026
  5. Wikipedia: coin denominations in circulation, 2026
  6. Wikipedia: sub-króna aurar coins no longer usable, 2026
  7. Wikipedia: 10,000 krónur banknote design, introduced 2013, 2026
  8. Visit Reykjavík (official Reykjavík tourist information site): cash vs. card usage, 2026
  9. Visit Reykjavík (official Reykjavík tourist information site): whether USD or EUR are accepted for payment, 2026
  10. Visit Reykjavík (official Reykjavík tourist information site): where to get local cash, 2026
  11. Visit Reykjavík (official Reykjavík tourist information site): bank currency exchange option and hours, 2026
  12. Keflavík Airport (official airport site, kefairport.com): airport currency exchange operator, 2026
  13. Keflavík Airport (official airport site, kefairport.com): airport currency exchange location and ATM hours, 2026
  14. Keflavík Airport (official airport site, kefairport.com): airport currency exchange commission, 2026
  15. ATM Fee Saver (travel-finance blog): typical bank ATM withdrawal cost in Iceland, 2026

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