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Aaland Islands - Euro - Currency Guide

 

Foreign exchange guide to the Aaland Islands and the Euro (EUR)

     

USD/EUR 90-day view

USDEUR at 0.8249 is 2.5% below its 90-DAY average, range 0.8232-0.8603.
🔔 USDEUR is DOWN 1.6% this 4-DAY period.
|
Alert:4-DAY1.6% |
 
Recent USD to EUR 90-day trend

General Currency Info - 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.

   

EUR News, Forecasts and Trends

The Euro has struggled in early November dropping to 30-DAY-LOWS due to the COVID-19 second-wave outbreak with France, Italy, and Germany – the Eurozone’s three largest economies – entering lockdowns once more. The markets fear that poor economic results will continue through the end of the year.

Get more details in the article Euro Forecasts.

For more EUR currency market forecasts you can read the full article Euro Forecasts. The above interactive chart shows the USD to EUR exchange rate, trend and recent alerts for the last 90 days.

US Dollar to Euro - Historical Rates

USD/EURChangePeriod
0.8359
27 Nov 2020
1.3% ▼1 Week
0.8523
04 Nov 2020
3.2% ▼30 Days
0.8447
05 Sep 2020
2.3% ▼90 Days
0.9006
05 Dec 2019
8.4% ▼1 Year
0.9193
06 Dec 2015
10.3% ▼5 Years
0.7517
07 Dec 2010
9.7% ▲10 Years

USD/EUR 10 year historic rates & change to 04-Dec-2020 : 0.8249

 

U$10,000 USD
=
€8,249 EUR

Converted at USD/EUR interbank rate, compare Send Money and Currency Exchange exchange rates.

US Dollar to Euro - Quick Conversions

USD EUR
U$ 1 0.8249
U$ 5 4.1245
U$ 10 8.2490
U$ 20 16.50
U$ 50 41.25
U$ 100 82.49
U$ 250 206.23
U$ 500 412.45
U$ 1,000 824.90
U$ 2,000 1,650
U$ 5,000 4,125
U$ 10,000 8,249
U$ 50,000 41,245
U$ 100,000 82,490
More amounts
USD EUR
U$ 1.2123 € 1
U$ 6.0615 € 5
U$ 12.12 € 10
U$ 24.25 € 20
U$ 60.62 € 50
U$ 121.23 € 100
U$ 303.08 € 250
U$ 606.15 € 500
U$ 1,212 € 1,000
U$ 2,425 € 2,000
U$ 6,062 € 5,000
U$ 12,123 € 10,000
U$ 60,615 € 50,000
U$ 121,230 € 100,000
More amounts
 

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 .

Which countries use the Euro?

It is the domestic currency in    Eurozone,   Aaland Islands,   Andorra,   Austria,   Belgium,   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 Barthélemy,   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?

 

Travel, Currency and Money saving tips for 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.

 

Travel money for the Aaland Islands

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.

 

Send Money to the Aaland Islands - Best Rates

When searching around for information on how to get a good exchange rate when sending money to the Aaland Islands you need to start with finding out the latest Euro exchange rate for foreign transfers also called International Money Transfers (IMTs), which can be very different to the wholesale rate and also to currency exchange rates.

Then compare your bank's exchange rates to several licensed FX providers exchange rate and fees 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 :

  1. Open an account with a BER reviewed FX 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 the Aaland Islands.

Use the above Send to Euro 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!


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