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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Margin
0.60%
Margin description
0.25% - 0.60% (Depending on volume)
FSA
Yes
HM REV & Customs
Yes
Free
£7 or £12 - No fee for transfers above £30,000
Min
No minimum
Currencies
Wide range of major and exotic currencies
Options
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.
Margin
0.6%
Margin description
0.25% - 1% (Depending on volume)
FSA
Yes
HM REV & Customs
Yes
Free
£0
Min
£1,000 or £250 Regular Payments
Currencies
76 Currencies
Options
Bank to bank - one off or regular payments