I just booked a June flight to Italy, and am seriously thinking about traveling to Iceland (using 20.000 United miles on SAS), as the Icelandic Krona has seriously crashed. Suddenly, a place that I have always wanted to visit, but was scared off due to exorbitant prices, has become quite affordable.

For example today the Krona is being traded 143 to the dollar (an all-time maximum)....a year ago the Krona was slightly under 60 to the dollar.

Any thoughts on whether I should lock in hotel rates in Reykjavik (looks like a downtown 3 star hotel in June will be $80-$100/day), or should I wait and see what transpires over the next month or two.

I realize this is not a website or a forum in currency hedging, but I would appreciate any thoughts from those knowledgeable Scandinavian travelers who are allot smarter than I.