Basics

Time: Local time is GMT.
Electricity: Iceland's electricity supply is 220 volts, 50Hz, as it is in most European countries. Plugs and sockets are of the two-pin type as in Continental Europe.
Money: The unit of currency is the Icelandic króna (ISK), plural krónur, divided into 100 aurar. Iceland's three banks, Íslandsbanki, Landsbanki Ísland and Búnaðarbanki, all offer foreign exchange facilities and can be found in even the tiniest villages. Most have ATMs on their premises, available after banking hours, which are usually Monday to Friday from 9.15am to 4pm. Credit cards are widely used in Iceland for purchases and cash advances, and travellers cheques are accepted by all banks and most hotels. Travellers cheques in US Dollars get the best exchange rate charges. Currency Exchange Rates

ISK 1.00 =

A$ 0.01

C$ 0.01

IRR 120.61

NZ$ 0.02

£ 0.01

US$ 0.01

R 0.10

Note: These currency exchange rates are not updated daily and should be used as a guideline only.

Language: Icelandic, but English is widely spoken.
Entry requirements:
Entry requirements for Americans: United States citizens require a valid passport, but no visa is required for a stay of up to three months.
Entry requirements for UK nationals: British citizens require a valid passport, but no visa is required. Passport holders endorsed with British National Overseas or British Overseas Territories Citizen do not require a visa for stays of up to three months. In all other cases, a visa is required.
Entry requirements for Canadians: Canadians require a valid passport, but no visa is required for a stay of up to three months.
Entry requirements for Australians: Australians require a valid passport, but no visa is required for a stay of up to three months.
Entry requirements for South Africans: South Africans must have a valid passport and a Schengen visa is required.
Entry requirements for Irish nationals: Irish citizens require a valid passport, but no visa is required.
Entry requirements for New Zealand nationals: New Zealand citizens require a valid passport, but no visa is required for a stay of up to three months.

Passport/Visa Note: Most visitors to Iceland require a passport valid for at least three months after their intended stay. Return or onward tickets, all documents for the next destination and sufficient funds are necessary for entry into the country, except for members of the EEA. The borderless region known as the Schengen area includes the following countries: Austria, Belgium, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Italy, Latvia, Lithuania, Luxembourg, Malta, The Netherlands, Norway, Poland, Portugal, Slovakia, Slovenia, Spain and Sweden. All these countries issue a standard Schengen visa that has a multiple entry option that allows the holder to travel freely within the borders of all.
Health: There are no specific health risks associated with travel to Iceland, and no vaccinations are necessary for entry. Medical care in the country is of high quality. Payment is usually expected in cash from visitors. Travel health insurance is highly recommended. A reciprocal agreement exists whereby British citizens are entitled to free emergency medical treatment provided they possess a European Health Insurance Card (EHIC).
Tipping: Service charges are included in bills and tipping is not expected. Climate: Despite its extreme north Atlantic situation, Reykjavik's climate is not as cold as might be expected, its average mid-winter temperatures being no lower than those in New York City. This is because the Icelandic coastal weather is tempered by the warm waters of the Gulf Stream. The city's coastal location does, however, also mean it is prone to wind, and gales are common in winter. Reykjavik is also a very wet city, having on average 213 rainy days out of the year, with spring having slightly more sunny days.

Safety: Iceland is an extremely safe country to visit, the only threats being a low level of petty crime and rapidly changing weather conditions, which necessitate keeping a check if you are on the road.
Customs: Smoking in bars, restaurants and on public transport is illegal.
Business: Most business in Iceland tends to take place in the capital, Reykjavik. Business meetings tend to be formal, with smart dress essential. It is worth handing out business cards, and initial greetings are usually accompanied by a handshake. Punctuality should be respected. Meetings are usually conducted in English when dealing with foreigners. It is worth noting that Icelanders generally go by their first name, and telephone directory listings are alphabetical by first name. Business hours are usually from 8am to 4pm (summer) and 9am to 5pm (winter). Most offices are closed on weekends.
Communications: The international country code for Iceland is +354. The outgoing code is 00, followed by the relevant country code (e.g., 0027 for South Africa). City/area codes are not in use. Note that Icelanders are listed by their first name in the telephone directory, not the last. Iceland has the highest per capital mobile phone use in the world with GSM networks and there are roaming agreements with most international mobile phone companies. Iceland Telecom rents mobile phones to visitors. There are numerous Internet cafes around the country.
Duty free: Travellers to Iceland over 18 years do not have to pay duty on 200 cigarettes or 250g of other tobacco products. Travellers over 20 years are also allowed 1 litre spirits and 1 litre wine, or 1 litre spirits and 6 litres beer; or 1 litre wine and 6 litres beer; or 2.25 litres wine; and food items up to 3kg not exceeding kr13,000. Permits from Post & Telecom Authorities are required for cordless phones, remote controls or radio transmitters, but not for a GSM mobile phone. Prohibited items include narcotics and drugs, meat products, weapons and powdered or moist snuff.