Switch .com Best Exchange Rates .com Best Exchange Rates .com Best Exchange Rates
    eg: USDCAD, GBP/EUR, AUD to USD, 500 Pound to Yen, 15K Dollar Peso, Send Japan
    Flag of Aaland Islands

    Currency in the Aaland Islands – Euro EUR

    A practical foreign exchange and currency guide to the Aaland Islands

     

    What currency is used in the Aaland Islands?

    The official currency of the Aaland Islands is the euro, with symbol and currency code EUR.

     

    Things to know about the euro


    The euro (ISO: EUR) is involved in slightly more than 30% of all foreign exchange deals, and as such, is the world’s second most traded currency, behind the US dollar.

    The euro is the currency of the eurozone (officially called the ‘euro area’), which consists of 19 of the 28 member states of the European Union, and is used by almost 350 million Europeans. It was introduced in January 1999.

    Of all the thousands of exchange rates that exist in the world, the euro-to-US dollar exchange rate is the most actively traded, or most ‘liquid’.

    Since its introduction, the euro’s lowest value against the dollar came in October 2000 when EUR/USD hit lows of 0.8231. The currency was strongest in July 2008, shortly before the worst stage of the 2007-2009 financial crisis, when EUR/USD reached 1.6038.

    There are currently more than twenty nations and territories which peg their currencies to the euro, the largest of which is Denmark.

     

    What the euro looks like?

     

     

     

    Euro – Markets & Rates

    1 EUR = 0.9552 USD
    Sell EUR  →  Buy USD
    EUR to USD at 0.9551 is 5.3% below its 90-day average 1.0085 with range 0.9551-1.0481.
    |
      1 USD = 1.0469 EUR
     
    7-DAY-4.2%
    90-DAYLOW


    Major banks are forecasting the eurozone common currency to fall to $0.95 by the end of the year.

    This multi-year low for the euro vs the US dollar looks only to worsen as winter approaches; the short term news for the single currency is all negative.

     EUR Outlook

    DateEUR/USDChangePeriod
    13 Sep 2022
    0.9978
    3.8% 2 Week
    29 Jun 2022
    1.0446
    8.1% 3 Month
    27 Sep 2021
    1.1696
    17.9% 1 Year
    28 Sep 2017
    1.1781
    18.5% 5 Year
    29 Sep 2012
    1.2857
    25.3% 10 Year
    02 Oct 2002
    0.9844
    2.5% 20 Year
    EUR/USD historic rates & change to 27-Sep-2022

     

     

    Compare Euro Exchange Rates & Fees

    The below comparison table makes it easy to find the best exchange rates and lowest fees when you want to make a Transfer or Spend Euro.

    Loading rates...

    ProviderAmountsRateTotal Cost
       
       
       
       
     

    Travelling to the Aaland Islands

    Aaland or Aland is the smallest of the three Nordic autonomous territories situated midway between Sweden and Finland. It is a bit of an anomaly as it’s officially part of the Republic of Finland, but people there speak Swedish, and it flies its own flag; issues its own stamps; and uses its own web suffix: ‘.ax’. It also has a special relationship with the EU whereby it can sell duty-free and construct its own gambling laws. The currency is the Euro though during peak tourism season Swedish krona is usually accepted in shops and restaurants. Don’t be too optimistic about the exchange rate for the Swedish krona as it’s typically not very good.

    What currency to use in the Aaland Islands?

    Just like in Finland, you can use your euros to pay in Åland. Prices can be compared to The Netherlands (where I live), though sometimes it’s a tiny bit more expensive. It’s a lot cheaper than Norway though.

    How to get aroind the Aaland Islands?

    Ro-No Rent has bicycles available near Mariehamn harbour. Many campgrounds and guest harbours also have bike hire. Green-and-white signs trace cycling routes through the islands. Routes generally follow smaller, less busy roads; dedicated bicycle paths run parallel to some main roads.

    Three kinds of inter-island ferry serve the islands. For short trips, free vehicle ferries sail nonstop. There’s also one private summer bicycle ferry running between Hammarland and Geta. For longer routes – namely to the outer islands – ferries run to a schedule, which is available on the Ålandstrafiken website. These ferries are generally free for foot passengers, but you must buy tickets for bicycles or cars.

    Most visitors travel with the major ferry companies directly to Åland’s mainland, but it’s possible to use the scheduled inter-island ferries between Åland and mainland Finland via the northern and southern archipelagos. The northern route from Osnäs harbour, near Kustavi, 68km northwest of Turku, is via Brändö and Kumlinge. The southern route from Galtby harbour, Korpo, in the Turku Archipelago, is via the islands of Kökar and Föglö.

    Travel tips for the Aaland Islands.

    The official language of Åland is Swedish, both on the streets and in the official communication with the Finnish government. It’s an autonomous region with its own parliament, flag and anthem, but it’s still part of Finland. Because of it’s southern location, Åland has the warmest climate of all of Finland (it’s about two degrees warmer than Helsinki). During winter it’s cold, during summer it’s warm.

    Because there’s so little traffic on the island, it’s a perfect place to go cycling. And you’ll see some stunning views with those lakes right next to the road. If you’re into more active cycling, then there’s a few good mountain bike trails you can go on.

     

    The Euro is also the domestic currency in 32 other countries.

     

     

    Where do you want to Save Sending Money?