Word: kronur
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ICELAND Drop in currency value since a year ago: 51% No developed country has suffered as much from the credit crunch as Iceland, which has seen its banking system and its currency, the kronur, all but collapse. The silver lining in an Arctic cloud: what was once one of the most expensive, if memorable, destinations in Europe has suddenly gone budget. Icelandair flights from New York City start at $500 round-trip, and decent hotels in the hip capital of Reykjavik - like the Centerhotel Thingholt - are as low as $60 a night. Sure, if you go in the late fall...
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