Foreign exchange guide to the Aaland Islands and the Euro
What's in this Aaland Islands currency guide?
The official currency of the Aaland Islands (country code: AX) is the Euro, with symbol € and currency code EUR.
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 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.
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.
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.
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.
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.
The domestic currency in the Aaland Islands is the Euro.
The three letter currency code for the Euro is EUR — symbol is €.
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.
No, the Euro is freely available and convertible. See guide: What is a closed currency?
|$ 1||€ 0.9379|
|$ 5||€ 4.6895|
|$ 10||€ 9.3790|
|$ 20||€ 18.76|
|$ 50||€ 46.90|
|$ 100||€ 93.79|
|$ 250||€ 234.48|
|$ 500||€ 468.95|
|$ 1,000||€ 937.90|
|$ 2,000||€ 1,876|
|$ 5,000||€ 4,690|
|$ 10,000||€ 9,379|
|$ 20,000||€ 18,758|
|$ 50,000||€ 46,895|
|$ 100,000||€ 93,790|
|$ 1.0662||€ 1|
|$ 5.3310||€ 5|
|$ 10.66||€ 10|
|$ 21.32||€ 20|
|$ 53.31||€ 50|
|$ 106.62||€ 100|
|$ 266.55||€ 250|
|$ 533.10||€ 500|
|$ 1,066||€ 1,000|
|$ 2,132||€ 2,000|
|$ 5,331||€ 5,000|
|$ 10,662||€ 10,000|
|$ 21,324||€ 20,000|
|$ 53,310||€ 50,000|
|$ 106,620||€ 100,000|
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.
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 :
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!