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Andorra - Euro - Currency Guide

 

Foreign exchange guide to Andorra and the Euro (EUR)

   

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 is currently a more appealing investment than the US dollar as fiscal support and COVID-19 containment open the door to a faster paced recovery than what is likely in the US. With current USD weakness and strong long-term prospects for the European Union, there is speculation that the euro could be a contender as the world’s new reserve currency.

In the short term the euro could be susceptible to swings, however in the longterm the euro has very good prospects. The currency is poised to move above 1.1850 and extend toward 1.20 in coming weeks.

In mid-July euro strengthened four-month highs (around 1.15 against the US dollar) as european leaders delivered a difficult agreement on a coronavirus rescue package to help member states manage the economic downturn. The historic stimulus package will see the bloc issue 750 billion euros (US$860 billion) of joint debt and is seen by market commentators as positive for the euro.

The Euro spent 2019 on a downwards trajectory, starting the year with highs at US1.1550 but then slid all year until October where it bottomed out at US$1.09 on Oct 1, close to long-term lows. Since then it has climbed back over the 1 year average of US1.11 towards US1.15.

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

   
Recent USD to EUR 90-day trend
 
ALERT:1-DAY0.8% |
USD to EUR at 0.8485 was trading 4.7% below AVG:0.8903 with LO:0.842 and HI:0.9264 (90 days). ALERT: Today USD/EUR is UP 0.8%

US Dollar to Euro - Historical Rates

USD/EUR rateChangePeriod
31 Jul 2020 : 0.84900.1% ▼1 Week
08 Jul 2020 : 0.88203.8% ▼30 Days
09 May 2020 : 0.91156.9% ▼90 Days
08 Aug 2019 : 0.89405.1% ▼1 Year
09 Aug 2015 : 0.91197% ▼5 Years
10 Aug 2010 : 0.760611.6% ▲10 Years
USD/EUR 10 year historic rates & changes to 07-Aug-2020 : 0.8485
 

U$1,000 USD
=
€848.26 EUR

Converted at USD/EUR wholesale exchange rate, compare foreign transfer and spend/travel exchange rates.

 
 

US Dollar to Euro - Quick Conversions

USD EUR
U$ 1 0.8483
U$ 5 4.2415
U$ 10 8.4830
U$ 20 16.97
U$ 50 42.42
U$ 100 84.83
U$ 250 212.08
U$ 500 424.15
U$ 1,000 848.30
U$ 2,000 1,697
U$ 5,000 4,242
U$ 10,000 8,483
U$ 50,000 42,415
U$ 100,000 84,830
More amounts
USD EUR
U$ 1.1789 € 1
U$ 5.8945 € 5
U$ 11.79 € 10
U$ 23.58 € 20
U$ 58.95 € 50
U$ 117.89 € 100
U$ 294.73 € 250
U$ 589.45 € 500
U$ 1,179 € 1,000
U$ 2,358 € 2,000
U$ 5,895 € 5,000
U$ 11,789 € 10,000
U$ 58,945 € 50,000
U$ 117,890 € 100,000
More amounts

Frequently Asked Questions

 

What currency should I use in Andorra?

The domestic currency in Andorra 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 Andorra

With its 468 sq km of tumbling valleys, Romanesque churches and sky-reaching peaks wedged between France and Spain, Andorra offers by far the best ski slopes and resort facilities in the entire Pyrenees. Once the snow melts, there's outstanding walking, ranging from easy strolls to demanding day hikes in the Principality's higher, more remote reaches, where you can wander for hours, almost alone.

Bustling capital Andorra la Vella is crammed with traffic and duty-free day trippers, retaining just a sprinkle of character in its centuries-old Barri Antic. That's all soon forgotten, though, once you strike out above the tight valleys.

According to local legend, Andorra was founded by Charlemagne in the 9th century. Until the 1993 proclamation of its constitution, this Catalan-speaking minicountry was jointly governed for over 700 years by two co-princes: Spain's bishop of Urgell, and the French president, who remain honorary heads of state.

What currency to use in Andorra?

Andorra is not part of the European Union or the Euro zone, even though it uses the Euro. In fact, Andorra has never had its own currency. Before the Euro was introduced, it used the Spanish peseta or the French franc. Shops and businesses accept all kinds of credit cards, meaning that you won't encounter any problems when making purchases or carrying out any other kind of financial transaction.

How to get around in Andorra?

Andorra is well served by the Cooperativa Interurbana Andorrana network of buses linking the capital with destinations across the principality, which operate regularly from 7am to 8.30pm or 9.30pm. Rates are between €1.80 and €6.10, depending on how many zones you travel through.

Driving is by far the best way to explore Andorra. With all those narrow mountainous roads, however, it's important to keep an eye on weather conditions and winter snow reports, which are monitored live online at www.mobilitat.ad. Car hire costs from around €50 per day, but is cheaper with longer-term rentals; you'll need a valid driving license and credit card.

It is not possible to travel here by train.

Travel tips for Andorra.

The country has a stunning mountainous landscape – the average elevation is 1,996m – and whilst skiers and snowboarders flock here in the winter to make use of the snow, the natural geography makes it a superb summertime destination too. Once the snow melts, the ski slopes of Grandvalira become the highest golf course in Europe; the Soldeu Bike Park has more than 100 km of free-ride, cross-country, endure and slope style routes; you can camp by the side of glacier-fed streams; and there are numerous walking trails, all with picturesque picnic stops.

There are 13 Via Ferrata routes, which combine trekking and rock climbing, and for an unforgettable experience, you can even scramble these routes at night! Beginners should try the Creu de Noral or Sugudet from Ordino; but if you’re a serious climber and want something to get your teeth into, the Canal del Grau from Canillo is said to be fiendishly difficult.

In and around Canillo are a dozen historic religious sites, which collectively form the Canillo Cultural Circuit. You can see them all by car or, if you have time, it is well worth walking between them, as though you were a pilgrim.

Citizens from the EU countries, UK, Australia, Canada and the US do not need a visa to travel to Andorra. Tourists can also stay within Andorra for a period of no more than 3 months.

 

Travel money for Andorra

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.

 

Sending money to Andorra

When searching around for information on how to get a good exchange rate when sending money to Andorra you need to start with finding out the latest Euro exchange rate for foreign-transfers, which can be very different to the wholesale rate.

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 Andorra

When sending money to Andorra 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 Andorra.

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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