Aaland Islands Currency Guide: Explore with the Euro
Resources for Expats, Travelers, and Entrepreneurs Navigating Life and Trade in the Aaland Islands with the Euro
What's in this Aaland Islands currency guide?
What currency is used in the Aaland Islands?
The official currency of the Aaland Islands (country code: AX) is the Euro, with symbol € and currency code EUR.
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Frequently Asked Questions
What currency should I use in the Aaland Islands?
The domestic currency in the Aaland Islands is the Euro.
What is the Euro currency code and symbol?
The three letter currency code for the Euro is EUR — symbol is €.
What doe the Euro look like?
Here is an example Euro banknote:
Which countries use the Euro?
It is the domestic currency in Eurozone, Aaland Islands, Andorra, Austria, Belgium, Croatia, Cyprus, Estonia, Finland, France, French Guinea, French Southern Territories, Germany, Greece, Guadeloupe, Vatican City, Ireland, Italy, Luxembourg, Malta, Martinique, Mayotte, Monaco, Montenegro, Netherlands, Portugal, Reunion, Saint Barthelemy, Saint Martin, Saint Pierre and Miquelon, San Marino, Slovakia, Slovenia and Spain.
Is the Euro a closed currency?
No, the Euro is freely available and convertible. See guide: What is a closed currency?
What are equivalent amounts of USD and EUR?
Here are some popular conversion amounts for USD to EUR (US dollar to Euro)*.
*Converted at the current USDEUR interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
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.
The euro banknotes and coins
The Euro is issued in banknotes of €5, €10, €20, €50, €100, €200, and €500, and in coins of 1 cent, 2 cents, 5 cents, 10 cents, 20 cents, 50 cents, €1, and €2.
The banknotes feature images of historical and cultural figures from across the European Union, while the coins depict each member country's unique design. The design of the Euro banknotes and coins is intended to be easily identifiable and difficult to counterfeit.
Travel money for the Aaland Islands
Using Wise for Euro travel money is a smart choice for savvy travelers. With its competitive exchange rates and low fees, Wise allows you to convert and manage multiple currencies effortlessly.
Be careful when using your own bank's Debit/Credit Card, as your bank may also charge an extra 3% as an “Overseas Transaction Charge” plus “Overseas ATM” fees for withdrawing cash on top of the standard Visa/Mastercard 2.5% from market mid-rate.
For card purchases, if you are offered a choice of currencies always select to Pay in Euro otherwise you will typically get much worst dynamic currency conversion (DCC) exchange rates.
If you really want Euro cash before departure, you can save money by ordering online. You generally get better rates and can pick up the EUR cash locally or even on travel day at the airport.
The Åland Islands (or Aland Islands in English) are an archipelago consisting of around 6,500 islands located in the Baltic Sea, between Sweden and Finland. The islands are a self-governing territory of Finland and have a population of around 30,000 people. The official languages are Finnish and Swedish, and the currency is the Euro. The Åland Islands are known for their natural beauty, with forests, rolling hills, and rocky shores. The archipelago has a long maritime tradition and is home to many picturesque fishing villages. The islands are also popular with tourists, who come to enjoy activities such as boating, fishing, and hiking. There are several ferry connections to the Åland Islands from both Finland and Sweden.
What currency to use in the Aaland Islands?
The currency used in the Åland Islands is the Euro. Credit cards and debit cards are widely accepted in the Åland Islands, particularly in larger towns and tourist areas. It's a good idea to have some cash on hand for smaller purchases and for use in more rural areas.
Travel tips for the Aaland Islands.
Here are a few travel tips for visiting the Åland Islands:
Pack for the weather: The weather in the Åland Islands can be quite variable, with temperatures ranging from the low 40s Fahrenheit (around 5°C) in the winter to the mid-70s Fahrenheit (around 25°C) in the summer. Be sure to pack accordingly and bring layers to stay warm in the cooler months.
Rent a bike: The Åland Islands are relatively small and flat, making them a great destination for cycling. Renting a bike is a convenient and eco-friendly way to explore the islands and visit attractions.
Visit a market: The Åland Islands are known for their local produce, including berries, vegetables, and seafood. Visit a market to try some of the delicious local specialties and meet the islanders.
Take a ferry: The Åland Islands are connected to both Finland and Sweden by ferry. Taking a ferry is a great way to see the islands and enjoy the beautiful coastal scenery.
Learn a few phrases in Finnish or Swedish: While most people in the Åland Islands speak English, it's always appreciated when visitors make an effort to speak the local language. Learning a few phrases in Finnish or Swedish can go a long way in showing your respect for the culture of the islands.
Respect local customs: The Åland Islands have a rich cultural heritage, with a mix of Finnish and Swedish influences. It's important to be respectful of local customs and traditions during your visit.
Stay hydrated: The Åland Islands have a humid maritime climate, so it's important to stay hydrated. Bring a water bottle and refill it regularly to avoid dehydration.
USD/EUR Market Data
The below interactive chart displays the USD/EUR change and UP📈 DOWN📉 trends over the past 1 Year.
Send Money to the Aaland Islands - Best Rates
To get a good (and fair) exchange rate when sending money to the Aaland Islands you need to find and compare exchange rates for International Money Transfers (IMTs).
The available FX rates for sending money abroad can be very different to the mid-market (wholesale) rate which you see reported online and in the News.
You should especially compare your own bank's exchange rates to those available from Money Transfer specialists to see how much you can save - we make that calculation easy in the below table.
Get a better deal for foreign transfers to the Aaland Islands
When sending money to the Aaland Islands 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 4 simple steps :
- Open an account with a BER reviewed FX provider (id docs may be required)
- You specify the local or Euro amount you want to transfer
- Make a local currency domestic transfer for the requested amount to the provider's bank account in your country
- Once your funds are received by the provider the converted EUR amount will be transfered to the recipient account you specify in the Aaland Islands.
Use the above calculator to compare the exchange rates of FX specialist providers rates versus your bank's standard rates you can hopefully save around 5% and maybe more - end result is more Euro deposited into the recipient bank account and less margins and fees kept by the banks!
