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Quick answer: The currency used in Iceland is the Icelandic króna (ISK), commonly shown as kr.
CurrencyIcelandic króna
CodeISK
Symbolkr
How to pay in Iceland
Iceland’s currency is the króna (plural: krónur), with the ISO code ISK. Travelers often plan most spending around cards, but it is still useful to know the local currency and keep a backup payment option in case a terminal or card network is unavailable.
Cash, ATMs and exchange
The Central Bank of Iceland lists five banknotes as legal tender: 500, 1,000, 2,000, 5,000 and 10,000 krónur. Coins are 1, 5, 10, 50 and 100 krónur. If you withdraw cash, check both the ATM fee and your card issuer’s foreign-transaction policy.
A local payment detail worth knowing
Prices are written in krónur, so a number that looks large compared with dollars or euros is not necessarily expensive. Use a current converter when budgeting instead of memorizing an old exchange rate.
Before you travel
- Check whether your card charges foreign-transaction or ATM fees.
- Keep a backup payment method separate from your main wallet.
- When an ATM or terminal offers to convert the charge into your home currency, compare the rate before accepting.
Exchange rates move; compare prices in ISK first and convert only for budgeting.
Useful travel-money gear
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Official reference: Central Bank of Iceland — Banknotes and coin