Iceland / Money rules

Iceland money rules

Eight things worth remembering while you are there, each linking to the fuller explanation.

Open it, then press and hold to keep it in your photos. Works with no signal.

1. 1It is krona, and euros will not spend hereIceland belongs to neither the EU nor the eurozone, so euros carried over for the trip have to be changed a second time, at your expense. The price is in Icelandic krona and that is what to pay in.Krona, cards and cash machines
2. 2Refuse every offer to charge you in dollarsTerminals and cash machines both make it. Taking it lets the machine set your exchange rate rather than your bank, and that swap costs 3 to 8 percent. Krona every time.Declining the dollar conversion
3. 3You can cross this country without a banknoteCards and phone wallets reach almost everything, from a Reykjavik cafe to a guesthouse in the middle of nowhere, which makes Iceland one of the few places where carrying no cash is a workable plan. Keep a token reserve and expect never to break it.How little cash you need
4. 4Nobody is waiting for a tipService is inside the price and wages are decent, so restaurants, bars and taxis expect nothing and the terminals do not nag. A private guide who has made your day is the one case where a little cash is a warm gesture.Why tipping is not a thing
5. 5No Uber here, and the airport cab is the dearest rideLicensed firms run official meters and you reach them by app, by phone or from a rank, so hailing is not the habit. For the run in from Keflavik the scheduled coach covers the same road for a fraction of the fare.Taxis, apps and the Keflavik run
6. 6The rental waiver leaves out what actually happensGravel chips, glass, tires and blown sand or ash all sit outside the standard collision cover, and outside the expensive upgrade too, because that upgrade lowers your deductible without lengthening the list. Roughly a third of the roads here are unpaved.What the insurance skips
7. 7Nothing sold in Iceland covers a river crossingFord one and a flooded engine is yours outright, whatever you bought at the counter. Taking a two-wheel drive onto an F-road is illegal as well as uninsured. These are not deductibles, they are the cover disappearing.F-roads, fords and voided cover
8. 8Some of the driving bills arrive after you fly homeCar parks at the big waterfalls have a camera instead of a booth and expect an app, the tunnel in the north is paid online by plate, and the road tax is charged by distance. All of it reaches your rental agreement later, with a handling fee on top, so ask the desk how it bills each one.Parking, tolls and the road tax

These are the rules that do not really change, which is why they are worth carrying. Exact fees, rates and prices do move, so check the Iceland guide for anything current before you rely on a number.

truetripcosts.com/iceland/rules