ISK (kr)

Currency: Icelandic króna

Iceland’s official currency. One US dollar is worth around 125.00 ISK. The Icelandic króna is the official currency of Iceland. It was introduced in 1922 to replace the Danish krone. The symbol for the króna is “kr” and it is subdivided into 100 aurar. The Central Bank of Iceland is responsible for issuing and regulating the currency. The exchange rate of the króna is determined by supply and demand in the foreign exchange market.