Right now is a great time to book a trip to Iceland, as they are going through possibly a worse economic mess than we are, which means that the dollar is very strong against their currency. Fares for travel throughout the first three months of the year come in as low as $471 round trip with taxes and fees included.
I found the lowest fares in the months of January, February and March. As stated earlier, $471 is all over the calendar for travel to and from Boston or New York to Iceland's capital city of Reykjavik.
For full details, terms and conditions check out IcelandAir.
Also while you are there be sure to check out the airline's travel packages and offers to other European destinations like London, Frankfurt and Paris.