Icelandic Krona

Get competitive Icelandic Krona exchange rates with Asda Travel Money. Our Price Promise means we’ll beat any competitors within 5 miles or you can Click & Collect from any Asda Travel Money bureau to get your Icelandic Krona.

Iceland is a stunning island nation that lives up to its nickname as ‘the land of ice and fire’[1]. You can explore the glaciers, volcanoes and hot springs, and sample Iceland’s delicious seafood. Before you leave the UK, make sure you have enough cash to spend on your adventure. Lock in a competitive British Pound to Icelandic Krona rate with Asda Travel Money today.


Click & Collect your Icelandic Krona


Benefit from our fast and simple exchange process. Just find a rate, tell us how much ISK you want, and pick it up from any of our Asda Travel Money bureaux.

  • Find selected stores

  • Click & Collect for free

  • Convenient collection whilst shopping

Getting your weekly Asda shop? Take ISK back home too. Find out more about Asda Travel Money Click & Collect here.


Pound (GBP) to Krona (ISK) exchange rate Price Promise


Get competitive exchange rates for GBP to Icelandic Krona. We’ll beat any local rate you find within 5 miles of our travel money bureaux. It’s our Price Promise to you.


Should I buy Icelandic Krona now or wait?


While exchange rates always rise and fall, it’s usually better to buy Icelandic Krona a few days or weeks before you leave. This makes landing, getting comfortable and finding your feet in the country so much easier.

With enough IKR in your pocket, you’ll avoid the stress of looking for an ATM at the airport or somewhere nearby. You won’t have to pay any fees for bank card transactions abroad. And of course, you’ll already have a competitive exchange rate from Asda Travel Money.


Which countries use the Icelandic Krona?


Icelandic Krona (ISK) is the official currency of Iceland. As you might expect, IKR is accepted in Iceland and issued by the Central Bank of Iceland[2]. Neighbouring nations such as Greenland and Norway have their own currencies. Norway has the Norwegian Krone, whereas Greenland has adopted the Danish Krone.


Can I use Euros in Iceland?


Iceland is not in the European Union so Euros aren’t officially accepted here. But you might be able to pay with EUR at bars, cafes and restaurants that cater to tourists throughout the year[3].

Krona coins and banknotes


Iceland used to be a Danish territory. As late as the 19th century, it was using Danish currency. The first Icelandic coins were minted in the 1920s[4]. More denominations have been added and removed since then. These coins have values of[5]:




  • kr 1
  • kr 5
  • kr 10
  • kr 20
  • kr 50
  • kr 100


Iceland’s banknotes feature detailed portraits of major figures in the country’s history, including Brynjolfur Sveinsson and Ragnheidur Jonsdottir[6]. They are split into[7]:





  • kr 500
  • kr 1,000
  • kr 2,000
  • kr 5,000
  • kr 10,000

Three reasons to love Asda Travel Money:

  • Price Promise

    If you find a better exchange rate within 5 miles of one of our travel money bureaux, we’ll beat it with our Price Promise.

  • 2. We Buy Back Your Travel Money

    Stop by our travel money bureau and we’ll buy back your unused travel money. Even if you didn’t buy your travel currency from us, we’ll exchange it back commission free.

    Our Buy Back Promiselets you sell back your ISK at the same rate for just £2.99

  • 3. Same Day Travel Money Service

    Left it till the last minute? Don’t worry, simply swing by one of our travel money bureaux and take advantage of our same day travel money on popular currencies, subject to availability.

Common Krona questions 


How much is 1 GBP to 1 ISK?

While the value for 1 Pound in Icelandic Krona is never fixed for long, it is between 162-175 ISK to 1 GBP*.


*Rates taken from Asda foreign exchange calculator. At time of publishing - November 2023.


How much money do I need for three days in Iceland?


It depends where you stay and visit. But generally, costs for basic living and extras in Iceland range from £70 to £236 per day. For three days, that equates to £210 and £708 respectively[8].


Can I use my UK debit card in Iceland?


You can, but many debit card providers will charge a fee for using your card or withdrawing cash abroad.


What else do I need before I leave?

Let’s get the rest of your trip covered. Explore Travel Insurance with Asda for complete peace of mind, covering one trip or several through the year.

How much do things cost in the Iceland?


Iceland has one of the highest standards of living in the world[9]. Unfortunately for visitors, that also means it’s one of the most expensive countries[10]. Goods and services tend to be upwards of 40% pricier than the UK[11]. When you’re considering how many Icelandic Krona to the Pound you can claim, bear these average costs in mind[12][13]:

Before you run off to Iceland, remember to pick up your holiday money at Asda

[1] Sourced: November 2023.

[2] [5] [6] [7] Sourced: November 2023.

[3] Sourced: November 2023.

[4] Sourced: November 2023.

[8] [9] [10] Sourced: November 2023.

[10] Sourced: November 2023.

[11] [12] Sourced: November 2023.

[13] Sourced: November 2023.

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