Iceland 27% more expensive for Brits in 2016
A strengthening króna (ISK) and a falling pound sterling (GBP) mean that prices for Brits visiting Iceland are now over a quarter more expensive than they were this time last year.
In early July 2015, one pound could buy you ISK 207. Today, according to the Central Bank of Iceland rate – the same pound will get you just ISK 163.
Putting this in real terms, a ISK 25,000 hotel room in Iceland would have worked out at around £120 back in July 2015. Today, the same price in ISK would set Brits back almost £154 – an increase of 27%.
A seven-night stay in such a hotel would work out around £230 more expensive now that at the same time last year. Year-on-year inflation in Iceland may make the difference even bigger.
Brits are among the biggest national groups of tourists visiting Iceland, particularly during the winter months.