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    Currency in the Aaland Islands

    A practical currency and money guide to travel, living and doing business in the Aaland Islands and the Euro (EUR).


    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.

    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.

    An example euro banknote


    Travel Ideas and Money Tips for the Aaland Islands

    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:

    1. 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.

    2. 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.

    3. 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.

    4. 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.

    5. 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.

    6. 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.

    7. 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.



    Expat Money & Business Guide to the Aaland Islands


    Managing your finances in the Aaland Islands

    Here we list some key points for expats and businesses to consider when managing financial dealings in the Aaland Islands:

    1. Understand Euro currency exchange rates: Exchange rates can have a big impact on your finances, so it is important to keep an eye on the EUR exchange rate and consider using a currency exchange service or a credit card that does not charge foreign transaction fees to get the best exchange rate.

    2. Use a local Euro bank account: A local EUR bank account can make it easier for you to manage your finances and pay bills while you are in the Aaland Islands. It may also be more convenient to use a local EUR bank account to make purchases and withdraw cash.

    3. Research local laws and regulations: It is important to understand the local laws and regulations that apply to financial transactions in the Aaland Islands. This can help you avoid legal issues and ensure that you are complying with local requirements.

    4. Consider the tax implications: It is important to understand the tax implications of living or doing business in the Aaland Islands. This can help you plan your finances and ensure that you are paying the correct amount of tax.

    5. Seek financial advice: If you are unsure of how to manage your finances in the Aaland Islands, it is a good idea to seek the advice of a financial professional who is familiar with the local financial system. This can help you make informed decisions and avoid financial pitfalls.


    EUR/USD – Market Data

    The exchange rate of euro (EUR), or the amount of EUR that can be exchanged for a foreign currency, can fluctuate rapidly based on a number of factors, including economic conditions, interest rates, and political events. Below you can check the latest EUR/USD rate plus recent trend, chart, forecasts and historic rates.

    1 EUR = 1.0830 USD
    Sell EUR  →  Buy USD
    EUR to USD at 1.0833 is just 1.0% above its 3-month average of 1.0731, having fluctuated within a 4.4% range of 1.0522-1.0989
      1 USD = 0.9234 EUR
    EURUSD :

    Based on recent FX analyst forecasts and the 3-month price data, the outlook for USD to EUR appears to be influenced by several key drivers. The impressive US Jobs Report in February saw the US dollar soar against major currencies, while global GDPs demonstrated sluggish or flat growth amid inflation concerns. Another factor impacting the market was China's improved economy after relaxing its strict COVID-zero policy and predictions of its economic reopening. Lastly, the historic acquisition of Credit Suisse by UBS has a significant bearing on the global financial markets. The Euro experienced a downturn following the US Jobs report and ECB's dovish message. Despite the economy showing slight growth despite the uncertainty, the EUR/USD broke above 1.10 on February 1st for the first time since April 2022, but then began a month-long descent. This downturn could be attributed to the US dollar's strength rather than the Euro's weakness. Analysts suggest that a move to 1.10 in the coming weeks remains a tangible possibility, but re-testing 1.0900 would already be a positive indication for EUR/USD bullish investors. For the USD to EUR, the market will closely monitor key indicators, such as the German Ifo reading and the Eurozone's CPI flash estimates. Additionally, the economic health of the Eurozone and any developments with US regional banks will impact the outlook of the currency pair. With many factors involved, it is crucial for individuals and businesses to stay updated on these developments when considering international transactions involving USD to EUR.
    15 Mar 2023
    2.5% 2 Week
    29 Dec 2022
    1.7% 3 Month
    29 Mar 2022
    2.2% 1 Year
    30 Mar 2018
    12.1% 5 Year
    31 Mar 2013
    15.4% 10 Year
    03 Apr 2003
    1.1% 20 Year
    EUR/USD historic rates & change to 29-Mar-2023


    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 an International Money Transfer to the Aaland Islands or planning a trip or maybe living there, so will need to exchange and spend Euro.

    Loading comparison rates...

    ProviderAmountsRateTotal Cost

    It is important to note that the exchange rate of the euro can change rapidly and that past performance is not necessarily indicative of future performance. It is advisable to carefully consider the risks and factors that may affect EUR exchange rates before making any financial decisions.


    The Euro is also the domestic currency in 33 other countries.





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