We’re off to Iceland – want to join us?

A change in currency values is working wonders for tourism

Who ever thought of taking a trip to see Iceland? But all of a sudden the Icelandic currency has plunged in value in the wake of some naughty goings on in the banks, and is much cheaper for tourists. Iceland used to be prohibitively expensive to visit but is now playing host to visitors who are flocking in to see the dramatic volcanic scenery.

Currency in Iceland

Look what's happened to the currency in Iceland: "Last year you got 60 kronur for one dollar, today you get 105 kronur," says Will Delaney, a 22-year-old Canadian student who, like thousands of others, has taken advantage of the current exchange rate to see Iceland. Last year about half a million people visited the island outnumbering the 320,000 residents.

At that rate of exchange, I could get there without taking a Payday Loan or any other kind of loan.

The banks

The value of the Icelandic currency plummeted by 44 percent in 2008. The drop was not negative for the tourism industry. Before the crisis, Iceland had become a very expensive destination. It is much more affordable now. Delaney says that it is feasible to visit Iceland for just a couple of hundred dollars, something unimaginable a year ago before the crisis hit. "I’m staying for two weeks, both working and travelling. I am into renewable energy. Iceland is a very good model to study with the geothermal power, and I can travel outside Reykjavik to explore the fantastic landscapes.” ... click here to read the rest of the article titled "We're off to Iceland – want to join us?"