I hope this helps you more than it helped me!
| A | a | a | short 'a' as in 'car' |
| Á | á | á | 'ow' as in 'cow' |
| B | b | bé | same as english 'b' |
| D | d | dé | same as english 'd' |
| Ð | ð | eð | similar to 'th' in 'rather' |
| E | e | e | short e as in 'get' |
| É | é | é | long 'e' as in 'been' |
| F | f | eff | similar to english 'f' but 'v' when between vowels or end of word |
| G | g | ge | as 'g' in 'good' or 'ch' in scottish 'loch' when between vowels |
| H | h | há | same as english 'h' in 'hat', but when a letter 'v' appears after it, it is sounded like 'k' |
| I | i | i | short 'i' as in 'it' |
| Í | í | í | long 'i' as in german 'kino' |
| J | j | joð | pronounced like an english 'y' or german 'j' as in 'ja' |
| K | k | ká | as 'k' in english 'kitchen' |
| L | l | ell | single 'l' pronounced as in english 'lean', if double, 'll', it takes on a 'd' sound with almost an unaspirated scottish 'ch' as in 'loch' or 'dl' sound with the 'l' stopped short. |
| M | m | emm | as 'm' in english 'man' |
| N | n | enn | as 'n' in english new', but when it appears double, it sounds like 'dn' with 'n' sound cut short. Exception to this is when 'nn' appears in the article 'hinn' and its declensions. |
| O | o | o | as 'o' in english 'got' |
| Ó | ó | ó | long 'o' as in english 'so' |
| P | p | pé | as 'p' in english 'pan' |
| R | r | err | icelandic 'r' is always trilled like the french 'rue' |
| S | s | ess | always as 's' in english 'sand' |
| T | t | té | as 't' in english 'team' |
| U | u | u | like 'u' in the french 'leur' |
| Ú | ú | ú | as 'oo' in english 'cool' |
| V | v | vaff | as 'v' in english 'van' |
| X | x | ex | as 'x' in english 'axe' |
| Y | y | upsílon | same sound value as 'i' |
| Ý | ý | ý | same sound value as 'í' |
| Z | z | seta | equivalent to 's' and used inside words only, historically representing letter in the word. There is a trend away from using it nowadays. |
| Þ | þ | þorn | as 'th' in english 'thank' |
| Æ | æ | æ | sounds like 'eye' in english |
| Ö | ö | ö | as 'u' in english 'burn' or german 'hören' |