Currency in Aaland Islands: EUR Send & Spend FX Guide
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.
What is a good Euro exchange rate?
The BestExchangeRates.com currency comparison table below helps you see the total cost of your currency transaction by showing the exchange rates offered by different providers. It also makes it easy to spot potential savings from market-leading FX services compared to bank rates.
To see a full list of rates, enter your transaction type, currencies and amount then click ‘GET RATES’:
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Good things to know about the Euro
As of June 16, 2025, the Euro (EUR) has experienced notable developments affecting travelers, expats, and business owners:
- Interest Rate Adjustments: The European Central Bank (ECB) has reduced its key interest rates multiple times since April 2025, with the deposit rate now at 2%. This easing cycle aims to stimulate economic growth amid global uncertainties. (ft.com)
- Inflation Trends: Eurozone inflation has moderated, with the latest data showing a decrease to 2.4% in November 2024, bringing it closer to the ECB's 2% target. (nbcdfw.com)
- Eurozone Expansion: Bulgaria is on track to adopt the euro on January 1, 2026, following successful convergence assessments. This expansion may influence currency dynamics and economic interactions within the euro area. (en.wikipedia.org)
These developments are crucial for individuals and businesses engaged in international transactions, as they can impact exchange rates, purchasing power, and overall economic conditions.
For more EUR information check out our selection of Euro news and guides.
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 does 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, Latvia, Lithuania, 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.
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.
Aaland Islands: Travel Guide
Traveling to the Aaland Islands requires careful financial planning to ensure a smooth and cost-effective experience. Here's a comprehensive guide to help you navigate currency considerations and manage your money effectively during your visit.
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.
Everyday Costs in in Aaland Islands
How much does it really cost to live, work, or travel in Aaland Islands? Here's what to expect for daily expenses and expat living.
Currency Guide for Åland Islands (AX)
When planning a week-long mid-range stay in the Åland Islands, travelers should budget around €800 to €1,200, depending on travel habits and preferences. Here’s a breakdown of typical daily expenses in euros (€) to help you plan your budget:
- 🍽️ Meal at a local restaurant: €15-€25
- ☕ Coffee: €3-€5
- 🚍 Public transport fare: €2-€5
- 📱 Prepaid SIM card: €20-€30
- 🏨 Budget hotel or Airbnb: €80-€150 per night
In general, the Åland Islands can be considered to be on the more expensive side of the spectrum when compared to other Scandinavian regions. Compared to the United States, a visit to the Åland Islands would typically cost around 15-20% more, particularly for dining and lodging. Additionally, it is relatively pricier compared to the UK, where expenses are generally lower outside of London.
Expat Guide for Åland Islands (AX)
For expats moving to the Åland Islands, a typical monthly living cost can range from €1,500 to €2,500, depending on lifestyle choices and housing options. Common expenses include rent for a modest apartment (around €700-€1,200), utilities of about €100-€150, and groceries costing approximately €300-€400.
When it comes to banking, using a local bank card is advisable, considering the availability of ATM machines; however, transaction fees can add up. For sending or receiving money internationally, online transfer services like Wise or OFX often offer better exchange rates and lower fees than traditional banks. While you can exchange money locally, it’s generally more cost-effective to use these online platforms to manage your funds, saving both time and money during your stay in the beautiful Åland Islands.
USD/EUR Market Data
The below interactive chart displays the USD/EUR change and UP📈 DOWN📉 trends over the past 1 Year.
Recent Euro Market News
August 12, 2025
Key Market Factors Affecting the Euro (EUR):
1. Strong Q2 Earnings in Financial Sector: European banks reported robust earnings, with the sector index reaching its highest since 2008. (reuters.com)
2. Euro's Appreciation Impacting Exports: The euro's 12% rise against the U.S. dollar has posed challenges for exporters, particularly in energy and materials sectors. (reuters.com)
3. U.S. Dollar Weakness Influencing EUR/USD Pair: Analysts anticipate the euro to rise to $1.17 by October and $1.20 within a year, driven by concerns over U.S. fiscal policies and potential interest rate cuts. (reuters.com)
4. ECB's Digital Euro Project Progress: The European Central Bank is advancing its digital euro initiative, aiming for a potential launch by 2025-2026, which could influence future monetary policy. (en.wikipedia.org)
5. Bulgaria's Eurozone Accession Approved: Bulgaria is set to join the eurozone on January 1, 2026, marking the euro area's expansion and potentially affecting regional economic dynamics. (en.wikipedia.org)
Recent Developments Impacting the Euro:
For more EUR information read our News and guides to the Euro.
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!
