Ria, a subsidiary of the Euronet group, is a leading foreign exchange company. It offers home delivery service in just 48 hours, as well as a network of stores in premium locations in the main cities of Spain. More details
iCambio is the trademark of Change Center, a foreign exchange office born in 1991. They have exchange offices in Madrid, Andalusia (Málaga, Fuengirola, Torremolinos, Marbella, Seville and Córdoba) and Alicante (Benidorm) and a home delivery website . More details
Today's average exchange rate for this foreign currency in the main banks in Spain. The euros to be paid by the bank will charge a commission of between 2.5% and 3%, with a minimum of € 6 to € 10 (the most expensive of the two). More details
Average prices today for this foreign currency in the two main airports in Spain: Madrid-Barajas Adolfo Suarez Airport and Barcelona El Prat. More details
The least expensive korunas rates are generally given when you acquire them online selecting home delivery. You can also benefit from low rates online by choosing the collect in store option around you.
As for Spanish banks, the majority allow for online booking. In some cases have a website allowing you to reserve online and collect your korunas some days later. Nevertheless the Euro to Icelandic Krona rate you will end up paying will be, that of the day of collection, not that of the day you booked the korunas.
In Spain, foreign currency providers and some banks are beginning to offer online currency exchange services to their customers with these delivery options:
a) buy now and pay now online and receive the currency at home/the office or withdraw it from a branch of the courier company (Correos, MRW, Seur, Nacex, etc.). Some of them will permit you to pay cash on delivery when you will be delivered the order in hand.
b) make an online booking for Icelandic Kronas. Then select a store of the entity where to pick it up from (you pay online with your card).
c) do a reservation for Icelandic Kronas. Afterwards select a branch near your home or work where to pick up and pay. In this modality, the price you pay for your currency may be sometimes that of the day you made the online reservation, and in others, that of the day you you present yourself at the store of the foreign currency supplier.
Go for the option that better suits your needs. Cambiator makes it easy for you to compare.
To know how currency exchange works, think of any retail shop that offers a product to you as a consumer. The retailer acquires products from a provider known as wholesaler at a purchase price, to which it sums up a profit margin.
The gap between the consumer price at which the consumer buys in that store (eg your korunas ISK) and what it cost the store to acquire those korunas ISK is the benefit it obtains in that foreign exchange.
But there is a difference in currency exchange with other activities. In general, foreign currency notes (korunas ISK in this case) pass on from consumer to consumer, that is, they are not consumed.
For that reason, it may be the case that a currency provider or a bank obtains korunas ISK from a traveler travelling to Spain (gaining a profit) and those same korunas ISK become yours when you purchase that currency (new profit margin).
If you wish to change Euros to korunas ISK you just have to select this currency in our currency purchase form. Then type in the euros you want to spend and choose if you want to receive the korunas ISK at home or the office or chooseyour town in order to collect the korunas ISK at a currency supplier.
Cambiator will sort the outcome of the different currency suppliers, sorted from more interesting to less appealing. We will also display the average rate at Spanish high street banks and at the airports (if they offer that currency).
Once your travels are over, you can exchange your leftover korunas at your nearest of the different travel money provider´s offices that participate on the Cambiator results page.
Afterwards click/tap on the Sell your currency tab and search for your leftover currency and then enter the quantity of Icelandic Krona notes you have. Please do not include loose change, for these suppliers do not accept them.
Normally, tourists change about six hundred € to Iceland crowns in Spain. If, for whatever reason, you need to buy Iceland crowns for more than 5,000 euros, it is a good idea to contact your supplier or bank. First to negotiate a cheaper Euro to Icelandic Krona price than the one you see in Cambiator. Second to confirm that they are authorized to sell to you with the amount of personal data they know about you.
Normally, to buy or sell Iceland crowns, the European money laundering prevention regulations demand travel money suppliers to know their customers (Know Your Customer (KYC)). This means that you will be asked to identify yourself as a seller or buyer with a an updated and valid ID card (resident´s ID card (DNI or NIE) or passport).
The place you are never interested in doing a euro to Icelandic Krona exchange is at the airport. As with the bottle of water at very high prices, the airport manager and the airport currency provider, divide the benefits of your exchange at the airport. As a rule, the more participants that intervene in the travle money game the higher the prices to apply to travelers.
Almost all banks in Spain impose on you a 3% commission, with a minimum (whichever is higher) quantity of 6 to 10 euros.
Usually, when we wish to buy Iceland crowns in Spain we only think of banks. Neverthelss we do not seem to remember that practically practically all banks in Spain apply on you a a margin on the Iceland crowns that you acquire from them, besides, a fixed commission of 3% (with a minimum of between 6 and 10 euros).
This makes the currency exchange less interesting and almost always it is much more advisable to exchange travel money at foreign currency supplier. These businesses offer the option of getting your Iceland crowns trough collect in store or home delivery.
Regarding the airport, it is always the least interesting option for it is much less interesting than the currency suppliers located out of the airport.
There isn´t a best time to purchase Icelandic Kronas because the euro to Icelandic Krona prices oscillate continously depending on the strengths of the economies of the Euro countries with respect to the countries that use Icelandic Kronas.
It is, however, advisable to be attentive to events such as Brexit, major sporting events or armed conflicts, where the rates of a currency can oscillate upwards or downwards with respect to the Euro.
Although no one can predict how the Euro to Icelandic Krona prices will evolve, at Cambiator we help you to acquire Icelandic Kronas at the best rate of the day in Spain.
Best rate of the day (exchange euros to another currency)