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

    Currency in the Aaland Islands – Euro EUR

    A practical foreign exchange and currency guide on sending money and travel to the Aaland Islands

     

     

    Travelling to the Aaland Islands

    Åland Archipelago is the sunniest spot in northern Europe and its sweeping white-sand beaches and flat, scenic cycling routes attract crowds of holidaymakers during summer. Yet outside the lively capital, Mariehamn, a sleepy haze hangs over the islands’ tiny villages: finding your own remote beach among the 6500 skerries (rocky islets) is surprisingly easy. A lattice of bridges and free cable ferries connects the central islands, while larger car ferries run to the archipelago’s outer reaches.

    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 its officially part of the Republic of Finland, though it has a devolved government; people here speak Swedish; 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 stops and restaurants. Don’t be too optimistic about the exchange rate for swedish krona as its 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.

    Sending Money to the Aaland Islands

    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...

    ProviderAmountsRateCost
       
       
       
       
     

     

     

    Euro – Markets & Rates

    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.

     

    1 EUR = 1.1314 USD
    Sell EUR  →  Buy USD
    EUR to USD at 1.1310 has fallen 2.2% below its 90-day average, range 1.1200-1.1883.
    |
      1 USD = 0.8838 EUR
     
    1-DAY+0.6%2d
    14-DAYHIGH3d

    Euro Forecast and Trend

    In September, Olaf Scholz’s Social Democrat Party narrowly won the German election. The longer negotiations and political uncertainty drag on, the greater downward pressure will be felt by the euro.

    In addition should risk sentiment remain fragile, there could be continued demand for USD as a safe haven. Therefore, USD/EUR could gain higher.

    USD-EUR Outlook

    Historic EUR-USD Rates

    EUR/USD wasChangePeriod
    1.1287
    19 Nov 2021
    0.2% 2 Weeks
    1.1884
    04 Sep 2021
    4.8% 90 Days
    1.2145
    03 Dec 2020
    6.9% 1 Year
    1.0545
    04 Dec 2016
    7.3% 5 Years
    1.3399
    06 Dec 2011
    15.6% 10 Years
    0.8900
    08 Dec 2001
    27.1% 20 Years
    EUR/USD change over periods to 03-Dec-2021

     

    EUR is also used in 32 other countries

     

    Where do you want to Save Sending Money?