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Foreign Exchange Guide to Ireland

Country Code:
IE
Domestic Currency:
Euro
Currency Code:
€ EUR
Telephone Prefix:
+353

In this guide we review :

  1. Travelling in Ireland - Practical tips
  2. Buying Euro Cash Online - Travel money for Ireland
  3. Euro (EUR) - Currency Market News
  4. Sending Money to Ireland - Save on Euro bank transfers
  5. Euro Exchange Rates - Latest info & charts.

Ireland Travel Practical Tips

Ireland is a beautiful country filled with rolling green hills, castles, beautiful cliffs, Guinness beer, and super-friendly locals. Dublin is a lively city with great pubs and history while the country is filled with beautiful landscapes and castles, so it’s hard not to have a good time here. The country is small so it's easy to explore the whole thing, it is vibrant and fun.

Ireland is extremely well-served by budget airlines traveling throughout the UK and Europe. By booking in advance with the likes of Ryanair, Easyjet, and BMIBaby, you can get cheap flights from Ireland to elsewhere in the world. For cheap bus travel take the Green bus like most locals, they service most of Ireland. Eat at the pubs for good, hearty local Irish food that won't destroy your wallet. If you like visiting heritage sites grab a OPW Heritage card. It gives access to main attractions, including most of the castles throughout the country. The card costs 25 EUR for adults.

 Bus is convenient but renting a car in Ireland can be fantastic to get around on your own schedule. The traffic is not hectic and the roads are good. The bus is fine, but if you have the ability be sure to rent a car to see the countryside and meet the people on your own timetable.  If you stay at a B&B (Bed and Breakfast) eat the big breakfast that is served.. It will last you well  beyond midday. Lunch is then often later without much need for a big dinner. Again saving you some dollars.

Travel Money for Ireland - Buying Euro (EUR)

Save money and time by Ordering your Euro Online from Travelex, you get better rates and can pick up the EUR cash locally or even on travel day at the airport.

Another popular option is to use a Pre-paid Travel Card. Your Debit/Credit Card provider will charge you 2% from market mid-rate, but your bank may also charge an extra 3% as an “Overseas Transaction Charge” plus “Overseas ATM” fees for withdrawing cash.

For card purchases if offered a choice of currencies always select to Pay in Euro otherwise you may get much worst exchange rates.


Ireland Trip Checklist   

  1. Compare EUR Travel Cash Rates - probably why you are here!
  2. Hotel Deals - Save on your accomodation in Ireland
  3. Travel Insurance - for those unexpected travel adventures...
  4. Lonely Planet - Travel Guide 3 for 2 offer

Euro (EUR) - Currency Market News

In mid-October, the euro was floating around 1.18 against the dollar, having pulled back from September’s long-term highs close to 1.21.

Against the British pound, the euro stood at 0.897. It had been as high as 0.9306 in August – a level that hadn’t been achieved since 2009.

Speculation surrounding the end of the ECB’s quantitative easing program has driven euro appreciation this year. For the first time since its introduction, the central bank will discuss tapering QE at its meeting on October 26th.

In September, Dutch bank ABN Amro predicted EUR/USD would rise to 1.3 by the end of 2018. As reasons for the pair’s climb, ABN cited “strong conviction” on future US dollar weakness and less stimulative ECB policy.

In September, HSBC cancelled its forecast for the euro to rise to parity with the pound. HSBC’s revised year-end forecast now places EUR/GBP at 0.893.

A divergence in the paths of monetary policy between the ECB and the Swiss National Bank will lead to EUR/CHF climbing to 1.18 in the medium term, from October's rate of 1.154, according to a prediction by Credit Agricole.

Bank of America Merrill Lynch go one further on EUR/CHF. The bank has a “minimum target” of 1.20 by the end of 2018. BAML says that EUR/CHF “looks cheap relative to its longer-term moving averages.”


Sending Money to Ireland

When sending money to Ireland it’s important to compare your bank’s rates & fees with those we have negotiated with our partner money transfer providers. To get a better deal you should follow these 3 simple steps :

  1. Open an account with a provider (id docs may be required)
  2. You specify the local or Euro amount you want to transfer
  3. Make a local currency domestic transfer for the requested amount to the provider's bank account in your country
  4. Once your funds are received by the provider the converted EUR amount will be transfered to the recipient account you specify in Ireland.

You can save around 5% and maybe more - end result is more Euro deposited into the recipient bank account in Ireland and less margins and fees kept by the banks!

Compare Transfer Exchange Rates to Ireland


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