Overall best choice: Wise
We tested & reviewed dozens of money transfer providers, and Wise scored highly.
Wise appeared in 100% of United Kingdom to Iceland searches, and was the top rated company out of 5 that support GBP to ISK.
So for a great mix of cost, speed & features, make your United Kingdom to Iceland transfer using Wise.
How to get the best deal on your United Kingdom to Iceland transfer
Important things to consider before sending money from United Kingdom to Iceland
Don't settle for the first option. Always compare ways to send money from United Kingdom to Iceland to find out about fees, speed, and reliability.
Our analysis included 5 providers that operate between United Kingdom and Iceland.
Through this, you get a comprehensive view of all the options you have in United Kingdom when you need to send money to Iceland.
Cheapest way to send money to Iceland from United Kingdom: XE
Data collected over the past six months show that XE is 0.6% cheaper than the second-best option.
The £0 transfer cost represents the most common fee for GBP to ISK international transfers, based on data from the past six months.
If you want to secure the best rates on a GBP to Iceland transfer, make sure you pick XE to send your money online.
*The most common fee applied to GBP-ISK by XE, based on data from the past six months.
Fastest way to send money from United Kingdom to Iceland: Wise
Our data shows that Wise came up as the fastest way to send money from United Kingdom to Iceland in 66.7% of searches. This makes them well suited to urgent GBP to ISK money transfers.
The 'fastest' way to send money is defined by the overall speed of sending money from United Kingdom to Iceland - this includes deposit, transfer and withdrawal timeframes and often differs per currency.
When speed matters, Wise is your best choice at the moment. This service emerged as the quickest way to send money to Iceland from United Kingdom in 66.7% of the searches on MoneyTransfers.com over the past six months.
Need to send over $10,000?
Opt for a service proven with large transfers when size matters. For transfers over $10,000, your best bet is Wise.
While Wise may not always be the cheapest or fastest way to send GBP from United Kingdom to Iceland, it’s the provider that will keep you safe and relaxed while your money moves into ISK.
Understanding the costs involved when moving money from United Kingdom to Iceland
When calculating the costs of money transfers between United Kingdom and Iceland, here's what really matters:
The Mid-Market Rate: Today, the GBP-ISK mid-market rate equals to 174.287431 ISK per Pound Sterling. Keep in mind that this rate fluctuates all the time.
The GBP-ISK average exchange rate of the past three months has been 174.1329 ISK per Pound Sterling, with a high of 174.5909 and a low of 173.5754.
Fees and Markups: That's where Wise shines, combining the best of both worlds: excellent GBP to ISK rates that are only -0.07% away from the average.
How to find the best exchange rate for Pound Sterling to Iceland Krona
Timing is essential sending money between GBP and ISK. The exchange rate you secure impacts how much ISK you get for your GBP.
Let's dive into some interesting recent trends.
Over the past six months, the exchange rate from GBP to ISK has seen some fluctuation. On average, it stood at 174.1329.
During this period, the highest value recorded was 174.5909, while the lowest was 173.5754.
Wise, which is our recommended service to send money online from United Kingdom to Iceland offers an exchange rate that is only -0.07% above the mid-market rate.
Want to secure the best GBP-Iceland Krona exchange rates?
Sign up for our rate alerts and we'll tell you when it's the best time to move your money from United Kingdom to Iceland!
Payment methods available to fund your United Kingdom to Iceland transfer
How we analyze the market
We track the cost, speed, and product offerings of the leading money transfer services available between Iceland and United Kingdom.
Our comparison engine and algorithms evaluate providers based on over 25 factors.
We also consider how these services are rated on platforms like TrustPilot, AppStore, and Google Play, giving you a comprehensive view of what to expect.
This thorough analysis helps you get the best available deal - every time you want to move money from United Kingdom to Iceland .
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send GBP to ISK.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.