Foreign Currency Exchange
Currency Exchange in Iceland
Iceland's monetary unit is the Krona (sometimes abbreviated as "ISK," but written as "kr" in this guide), plural Kronur. Coins come in 1, 10, 50, and 100 Kronur denominations; bank notes are in denominations of 500kr ($8/£4), 1,000kr ($16/£8), 2,000kr ($32/£16), and 5,000kr ($80/£40). Prices listed in this book reflect exchange rates at press time: 62.5kr to the dollar and 125kr to the British pound. Dollars, pounds, and Euros are easily exchanged for Kronur.
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Currency Index helps you save money when dealing with international money transfers and payments in Iceland. If you are relocating to Iceland or other parts of the world, make sure to consider Currency Index and maximize the benefits they can give you. Foreign currency brokerage services include fast and secure payments overseas, remarkable exchange rates and no hidden fees.
0.25% - 0.60% (Depending on volume)
£7 or £12 - No fee for transfers above £30,000
Wide range of major and exotic currencies
Bank to Bank Transfers, Spot, Forward contract, Limit or Stop Loss Order
Moneycorp in Iceland dedicates its work to the international clients they have who all concerned with foreign currency exchange services. They have been working with different nationalities for almost 35 years. There are no hidden charges and commission fees and choose between one-off or regular payments. Transferring money online is also available for anyone.
0.25% - 1% (Depending on volume)
£1,000 or £250 Regular Payments
Bank to bank - one off or regular payments