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    Currency in Estonia – Euro EUR

    A practical foreign exchange and currency guide to Estonia

     

    What currency is used in Estonia?

    The official currency of Estonia 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.

     

    What the euro looks like?

     

     

     

    Euro – Markets & Rates

    1 EUR = 1.0373 USD
    Sell EUR  →  Buy USD
    EUR to USD at 1.0376 is 3.9% above its 90-day average 0.9991 with range 0.9596-1.0414.
    |
      1 USD = 0.9640 EUR
     
    90-DAYHIGH


    Major banks are forecasting the eurozone common currency to fall again to the $US0.95 level by the end of the year.

    This multi-year low for the euro vs the US dollar looks only to worsen as winter approaches; the short term news for the single currency is all negative.

    DateEUR/USDChangePeriod
    14 Nov 2022
    1.0320
    0.2% 2 Week
    30 Aug 2022
    1.0024
    3.2% 3 Month
    28 Nov 2021
    1.1293
    8.4% 1 Year
    29 Nov 2017
    1.1852
    12.7% 5 Year
    30 Nov 2012
    1.3002
    20.5% 10 Year
    03 Dec 2002
    0.9962
    3.8% 20 Year
    EUR/USD historic rates & change to 28-Nov-2022

     

     

    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 a Transfer or Spend Euro.

    Loading rates...

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    Travelling to Estonia

    Travelling to the coastal country of Estonia in North Eastern Europe is simple and quick as its well connected by air, ferry, coach and rail with Scandinavia, Russia, Eastern and Central Europe. it’s also a member of the Schengen area which means you do not need an additional visa if you are travelling from a fellow Schengen member country. In addition, Australians, Canadians, Americans, EU and and EEA nationals amongst more countries do not require visas. The official language is Estonian, with English also being widely spoken. There is free wifi everywhere in this tech savvy country including on buses and trains so staying connected and arranging your travel itinerary should be a breeze. Since joining the eurozone in 2004, the local currency has been the Euro and ATMs and credit cards are widely available and accepted. There are many little known cool facts about Estonia which make it a wonderful place to visit such as: Estonia’s capital, Tallinn, is a UNESCO world heritage capital city and considered to be the best preserved medieval city in Northern Europe; 50% of Estonia is forest inhabited by lynxes, brown bears, wolves, foxes, rabbits and deer; it’s also one of the least densely populated countries in Europe, making it a great option for a city break destination if you’re looking for some good quality solitude, rest and relaxation.

     

    The Euro is also the domestic currency in 32 other countries.

     

     

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