Yes, by all means go to Iceland to take advantage of the low rates and cheaper prices there, but make sure you go there informed and able to take advantage of more than just a cheap beer.
Sitting in the very north of the Atlantic Ocean and just outside the Arctic circle, this country can offer things that you won't find in many other locations that you can easily visit. Not quite 'land of the midnight sun' - but close enough....
The people here are a hardy bunch and very friendly. Due to the insular nature of the island, nearly everyone can trace their direct lineage back to the invading Vikings of around 800AD. Everyone is also on first name terms, and being so polite and welcoming they have done aside with the unnecessarily terms of 'Mr' or 'Mrs'.
They also follow an ancient naming tradition, so many members of the same family - including husband an wife - will have different surnames. When born, a child is given a first name and then their fathers name with either child (dottir) added onto it's end - so Asmundur Gudjohnson's son Eider, would be given the name Eider Asmundurson.
The Amazing Landscape:
With it's legendary natural beauty, breathtaking views and clean, clear air - you will leave Iceland feeling refreshed in more ways than one.
The Gulf Stream keeps the climate moderate here, and summer temperatures can be as high as 77'F. With landscapes as varied and fertile farmland, medieval looking fishing villages, lava flows, deserts and glaciers - you will see plenty to keep your camera happy while you tour the island.
Every 4-5 years there is a significant volcanic eruption - but they are usually underground - however this leads to the many heated pools around the country that you can bathe in even if it is below zero outside. You can even see the mid-Atlantic Ridge at work here, making Iceland around 1cm wider each year!
Rather than hunting them, the people of Iceland now favour them - and the tourist dollars that they now attract.
Realising that a live whale is more valuable than a dead 1, boat after boat is being transformed in to a sight-seeing ship. Captains and deckhands all want to make sure that the tourists have the best trip and see the almost all whales and dolphins with their cruises. Take advantage!
May to September is the best time to travel here for the best chances of seeing many species of whale. But, it's not just whales you will find. White beaked dolphins and harbour porpoises are often seen around the waters offshore of Reykjavik and other locations.
It's also very easy to see seals and even walruses in these waters throughout the year. Harbour seals and grey seals breed here so are spotted more often, but ringed seals, harp seals, bearded seals and hooded seals are also very common.
Walrus have been spotted in Iceland, but very hardly ever. However, there is always a chance of another sighting........
Back to whales, you will simply find minke whales close to Husavik and Reykjavik - which is the largest foundation for organised boat trips from April through October. Humpback whales are around these waters, but a sighting can be less likely.
Blue whales have been seen off the coast of the Snaefellsnes peninsula, although very rarely. Outside of the capital, Olafsvik in the north is great for minke, orcas, white beaked dolphins and sperm whales.
For land-based whale watching, head for the Snaefellsnes peninsula, the cliffs of Ingilfshofoi and the ocean-fronted highlands of the Tjornes peninsula where you could even see fin whales and sei whales feeding.
The Northern Lights:
Everyone has heard of the Northern Lights or the Aurora Borealis - where the atmosphere reacts with electrically charged particles from spaces. The result is the appearance of amazingly eerie red or green patterns across the night skies.
The further north you are the more likely you are to see them in all their illuminated glory, and from September through to March in Iceland - you may get your chance. The best months seem to be November and February based on past appearances!