Iceland will never be a bargain destination. But financial troubles and a falling currency (down 9 percent from last year to about 126 kroner to the dollar) have turned it from a pricey splurge to a remarkable value relative to the rest of Nordic Europe.Where to Stay: A room at one the best hotels in the center of Reykjavik will run $250 to $350, or less if you catch a sale, according to recent listings on Expedia.What to eat: Indulge in an upscale sushi dinner (featuring local fish) or haute interpretations of indigenous ingredients like lamb for $20 to $30 an entrÃ©e. Alcohol is still pricey in restaurants, but a beer can be had for $5 to $7 in the many lively bars Reykjavik is known for. (Look for late-night happy hour specials.)What to do: A day tour outside Reykjavik that includes a visit to Thingvellir national park and Gulfloss waterfall runs about $75. Spend the day lounging at the famous Blue Lagoon thermal baths for $45. For $65, you can get the use of a bathrobe, a drink and face mask at the Lagoon Bar.
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