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NZD to ISK Exchange Rate

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Code ISK
Symbol kr
Coins
1, 5, 10, 50, 100 króna
Banknotes
500, 1000, 2000, 5000, 10,000 króna

Idealistic Iceland

In the land of ice, you definitely won’t go numb to the raw and untouched beauty of the country. The place just screams bucket list, with cascading waterfalls, dramatic rocky scenery, glacial lakes, black sand beaches, geysers (including the famous Golden Circle – not the tinned fruit), the even more famous Blue Lagoon, oh and the NORTHERN LIGHTS.

This country is basically an explorer’s Disney on Ice. To ensure that you don’t miss out on these breathtaking sites, you’ll need to exchange your New Zealand dollars to Icelandic krona, so you can focus on taking in the crisp air of adventure.

One thing you should know about Iceland, the country is expensive. The small economy not only relies heavily on the big sites to rake in the revenue, but the price of food and drink has also been jacked up (sneaky). So we recommend that you err on the side of caution and slightly overestimate the amount of ISK you’ll need, and convert more NZD before departing. This way you’ll be able to enjoy all the sites without going hungry or stressing about converting more currency.

Coins and Notes

Still getting the Króna confused with Coronas? We’re here to help. The Króna is divided into 100 aurar, although coins in any denomination less than one króna have not been in circulation since 2003. Icelandic coins, therefore, come in 1, 5, 50, and 100 kronor. In terms of notes, Iceland has 500, 1000, 2000, 5000 and 10,000 króna notes (for the ballers).

Facts about the currency

  • From 1874 until the beginning of WWI, the Danish krone was the currency of choice. It wasn’t until the end of the Scandinavian Monetary Union (and the beginning of greater Icelandic autonomy) that the Icelandic króna was first issued.
  • In 1981, the Icelandic Króna was revalued, with 100 old króna being valued at 1 new Icelandic Króna.
  • A survey of 28,000 Icelanders in 2016 revealed that only 30% believe the Icelandic króna will be the future currency of Iceland.