Iceland is beautiful, but it’s not really a budget-friendly destination. Considered to be the fifth most expensive country in the world by the cost of living, the guided hiking trips in Iceland will cost you between 300$ to 400$ a day, with all-inclusive meals, accommodation, and expert guidance.
Iceland uses Krona (ISK) as its main currency, but you can use your credit or debit cards at most places. Still, it’s a good idea to exchange your main currency for Krona during your stay.