The currency of the Faroe Islands: krónur, cards and cash machines
In the Faroe Islands you pay in krónur (DKK). What they are worth in euros and dollars, whether cards are accepted, where to get cash and which cards do not work.
The currency of the Faroe Islands is the króna, which is worth exactly the same as the Danish krone (DKK). The islands print their own banknotes, but the coins are Danish, and Danish banknotes are accepted in the same way throughout the country.
What it is worth in euros and dollars
100 DKK is about €13 or US$15 (approximate rate for October 2026). For quick sums: divide by 7.5 to convert to euros.
| Krónur | Euros (approx.) | Dollars (approx.) |
|---|---|---|
| 50 DKK | €7 | US$8 |
| 200 DKK | €27 | US$30 |
| 500 DKK | €67 | US$76 |
| 1,000 DKK | €134 | US$152 |
Banknotes and coins
- Banknotes: 50, 100, 200, 500 and 1,000 krónur, with Faroese designs (Danish ones are valid too).
- Coins: 50 øre and 1, 2, 5, 10 and 20 kroner, all Danish.
Paying by card
In practice you hardly need cash. You pay by card in shops, restaurants, petrol stations, hotels and taxis, even on the most remote islands.
- Visa is the most widely accepted.
- Mastercard, Maestro and JCB work in large shops, shopping centres and restaurants.
- American Express is not accepted in most places.
Cash machines and banks
- Cash machines accept Visa, Mastercard, Maestro and JCB. They are next to bank branches and work outside banking hours. Use bank machines to make sure you receive krónur.
- Banks usually open Monday to Friday from 9:30 to 16:00, with shorter hours in small villages. They are closed on public holidays.
Frequently asked questions
Can you pay in euros in the Faroe Islands?
Hardly ever. Very few places in the towns accept foreign currency and the rate they apply is usually poor. Pay by card or in krónur.
Are cards accepted in the Faroe Islands?
Yes, almost everywhere: shops, restaurants, petrol stations, hotels and taxis, on the small islands too. Visa is the most widely accepted. American Express is not accepted in most places.
Is the Faroese króna worth the same as the Danish krone?
Yes. They are worth exactly the same and Danish banknotes are accepted throughout the country. The coins in circulation are Danish.