Why You Should Visit Iceland Now
Wednesday, December 24th, 2008
Iceland has experienced a significant devaluation of its currency. And, while the country sits on the brink of serious economic troubles, there is one good sign. More people are visiting the country than ever before.
Favorable exchange rates have convinced fence sitters that it is time to explore this rugged and isolated country. Both the English Pound and the US Dollar have increased in value more than 30% against the Icelandic currency, the Kroner. That means that a traveler on an average budget can afford to stay in a four or five-star hotel, while budget travelers can easily find three-star accommodations without having to break the bank.
More and more, Iceland is looking to stave off bankruptcy by hedging its bets on the tourism industry. Icelandic Air has struggled with its European routes, just like every other airline has. But it is currently adding routes between Europe and Iceland. A new service from London’s Gatwick Airport just kicked off.
But the ripe prices and cheap airfares probably won’t last. The unstable economy will lead to inflation, meaning that, in the near future, the Kroner won’t buy as much as it does now.
For now, though, the picturesque city of Reykjavik and the stark beauty of the landscape on the island’s coasts are within reach, even for people unsure about traveling in tough economic times.
For many, Iceland is somewhat of a magical place. The city of Hafnarfjörður is known as the elf city and draws tourists interested in its local legends and mythical inhabitants. In Northern Iceland, everything is extremely rugged. Húsavík is one of the best places on earth to go whale watching. There are also horseback tours on famous Icelandic ponies.
As winter sets in, fewer tourists will be venturing up north. But the hot springs and nightlife in Reykjavik will still be hot throughout the colder months.