Should I exchange money before going to Iceland?

The best currency to take to Iceland is the local currency, the Icelandic króna. US dollars are also highly exchangeable at local banks and currency exchange offices. However, instead of converting physical banknotes, the cheapest way to pay in Iceland is to use a multi-currency travel debit card like Revolut or Wise.



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Your Iceland trip cost can be as low as $100-150 USD per day if you hitchhike and camp or stay in hostel dorms. More realistically, I think $250+ USD per day will land you a much nicer trip.

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Water bottle Before the tourism industry boomed, locals would never buy bottled water, “because clean water is free in Iceland and can be found in lakes, waterfalls, and rivers”. When traveling in Iceland, bring a bottle and fill it up from taps and, clean rivers and waterfalls.

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Buy currency before you travel. Doing so gives you time to shop around for the best rate. Plus, when you arrive, you won't have to immediately find a bank or currency exchange. Do some research ahead of time to see if US dollars are widely accepted at places you plan to go to.

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Entry, Exit and Visa Requirements Your passport should be valid for at least three months beyond the period of stay if you plan on transiting a Schengen country review our U.S. Travelers in Europe page. You will need sufficient proof of funds and a return plane ticket.

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Prohibited articles
  • Narcotics and dangerous drugs.
  • Various weapons, e.g. daggers with blades exceeding 12 cm, switchblade knives and flick stilettos, knuckles and various truncheons, crossbows and handcuffs.
  • Finely powdered snuff.
  • Moist snuff to be used orally, also available in bags.


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