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Bookmark & shareBecause just about everything must be imported, food, accommodation and transport prices in the North Atlantic are high. In fact, Iceland is generally considered second only to Japan in its ability to deplete travellers means. If you can happily drop US$500 a day you won't encounter any problems, but those with finite means may have to put in some effort not to break the budget. If you're willing to give up some comforts and use your own sleeping-bag instead of bed linen whenever the choice arises, sleep in youth hostels, eat at snack bars and travel on bus passes, you'll probably be able to keep expenses down to an average of about US$50-60 per day. Europeans bringing a private vehicle to Iceland, especially a campervan or caravan, will be able to enjoy a bit more comfort while still keeping within a reasonable budget. Petrol prices are over US$1 per litre though, so be prepared.
Foreign-denomination travellers cheques, postal cheques and banknotes may be exchanged for Icelandic currency at any bank. A commission of about US$2.50 will be charged, regardless of the amount changed. Major credit cards are accepted at most places. Icelanders are plastic mad and use cards even for buying groceries and other small purchases.
Tipping is not required: finer restaurants will automatically add a service charge to the bill making further tipping unnecessary. Even so, those who feel compelled to tip for particularly good or friendly service will not be refused.
- Name
- Iceland Krona
- Symbol
- Ikr
-
Sample Price Guide
- loaf of bread
- Ikr 300.00
- pint of yogurt
- Ikr 190.00
- litre of milk
- Ikr 100.00
- camp site
- Ikr 700.00
- cup of coffee
- Ikr 280.00
- Icelandic knitted jumper
- Ikr 10000.00
- museum admittance
- Ikr 500.00
- one day car hire
- Ikr 13000.00
- litre of petrol
- Ikr 132.00
- litre of bottled water
- Ikr 250.00
- pint of beer
- Ikr 600.00
- souvenir t-shirt
- Ikr 1800.00
- hot dog
- Ikr 230.00
Average Room Prices
Low Mid High Deluxe Ikr6000-9000 Ikr9000-18000 Ikr18000-25000 Ikr25000+ Average Meal Prices
Low Mid High Deluxe Ikr790-1000 Ikr1000-2600 Ikr2600-4000 Ikr4000+
Currency
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Disclaimer: We've tried to make the information on this web site as accurate as possible, but it is provided 'as is' and we accept no responsibility for any loss, injury or inconvenience sustained by anyone resulting from this information. You should verify critical information (like visas, health and safety, customs and transportation) with the relevant authorities before you travel.
