There is no worse or better ocasion to exchange Icelandic Kronas to euros. All the travel money depreciate or appreciate every day based on the other travel money they are measured against.
Therefore, when you intend selling Icelandic Kronas for euros, the best thing you can do is to do a prior rate matching on Cambiator.
Finding the best exchange rate for the korunas ISK with respect to the euro every day in Spain, is simple.
Firstly, we advise you to not trust the prices of the currency converters you see on the Internet. These prices are for foerign currency but not for notes. Additionally, they are restricted to financial institutions. The prices you pay as a consumer are less appealling.
The second thing you should do is find at the direct Icelandic Krona to euro exchange rate (that 0.991 with more or less digits that you see advertised everywhere and that changes every day).
The higher that number is, the more euros you will be handed out for every Icelandic Krona you pay.
Consequently, the best exchange rate will be the higher exchange rate. Cambiator makes it easy for you to find out the best ISK-EUR exchange rate. Our results page orders Euro offers from highest to lowest rate of the day in five currency suppliers, airports and banks in Spain.
Normally, when we want to change Icelandic Kronas to euros in Spain we only think of banks. But we do not seem to remember that practically virtually all Spanish banks apply on you a a margin on the Icelandic Kronas that you sell them, in addition to, a fixed fee of 3% (with a minimum of six to ten euros).
This makes the foreign exchange more expensive and almost always it is much more advisable to exchange holiday money at a high street foreign currency provider. These businesses offer the alternative of selling your Icelandic Kronas to euros through collect in store.
Regarding the airport, it is always the least interesting option since it is much more expensive than the foreign currency suppliers based out of these premises.
The average amount of the typical tourist who sells korunas ISK to Euros is the equivalent in euros to 700 €, which is an amount that falls within the limits of the holiday money providers that operate with tourists in Spain.
The greater the purchase in euros of your korunas ISK to change, the greater the like you will be required to prove your professional activity data in addition to your ID card or passport.
Usually, if you change korunas to euros at your bank store, they will already know you and you will only have to identify yourself as a customer of that entity.
When you change korunas to euros at a currency supplier´s outlet, at the airport or on the street, you will have to provide an updated and valid identity document (passport or resident´s identity card called DNI or NIE in Spain). Have in mind that the driver's license is not accepted as a valid ID when changing korunas to Euros.
In countries like the North America or the United Kingdom, it is usual to purchase travel money online. The user who wants to change Icelandic Kronas to euros will go to a holyday money comparison service like Cambiator or directly to a travel money supplier and order online their Icelandic Kronas or whatever currency for euros she/he wants to sell.
Yes, do not hesitate. Cambiator has surveyed the the foreign currency players in Spain for over five years and concluded that, depending on the currency you want to change, some currencies are easy to accept in exchange for euros but other less frequent ones are not.
Generally the ISK-EUR price is cheaper if you order them online to do a click and collect than if you go directly to the currency provider store.
The operation of the ISK-EUR currency exchange is easy to understand. Foreign currency banknotes are physical products that circulate around the world. Some currencies, such as the dollar or the pound, are very well distributed, and others not so much.
The more difficult it is to find a currency, the more onerous it will be to acquire it. One of the reasons for this is that some countries restrict the quantity of currency you can leave the country with.
If you are planning to sell korunas ISK for euros, we recommend you to check prices at the airport, at your bank and at currency supplier. And much better, to check those prices at Cambiator.
Generally speaking, we recommend you to sell your travel money in safe locations and where they do not impose on you a commission, in addition to an exchange margin. Almost all Spanish banks and some physical currency suppliers will apply to you a currency exchange commission circa 3 per cent, with a minimum (whichever is higher), between 6 and 10 euros.
This means that when you exchange the equivalent of one hundred euros from Icelandic Krona to euro, as well as an exchange margin, you will pay a fixed commission of of six to ten €, since it is a higher quantity than the 3 euros fee that would correspond to applying 3% to 100 euros. If you exchange the equivalent of 600 euros from Icelandic Krona to euro, they would apply a 3% fee. That is eighteen euros, which is greater than the minimum of of six to ten €.
If this is not the case, go to our Sell your currency tab, enter the Icelandic Krona amount you did not spend (notes only, not loose coins) and choose your town. We will tell you the total Euros the different holiday money suppliers will offer on the day in your city for your remaining Icelandic Kronas.
Best rate of the day (change currency to euros)