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Estonia - Euro - Currency Guide

 

Foreign exchange guide to Estonia and the Euro (EUR)

     

USD/EUR 90-day view

USDEUR at 0.8277 is a little below its 90-DAY average, range 0.8112-0.8591.
🔔 USDEUR is at 30-DAY HIGHS.
|
Alert:30-DAY HIGHS |
 
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 regained it’s mojo in December after dropping back in November due to the COVID-19 second-wave outbreak with France, Italy, and Germany. EUR/USD is over $US1.215 and at its yearly highs.

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
0.8183
08 Jan 2021
1.2% ▲1 Week
0.8199
16 Dec 2020
1% ▲30 Days
0.8536
17 Oct 2020
3% ▼90 Days
0.8979
16 Jan 2020
7.8% ▼1 Year
0.9161
17 Jan 2016
9.6% ▼5 Years
0.7470
18 Jan 2011
10.8% ▲10 Years

USD/EUR 10 year historic rates & change to 15-Jan-2021 : 0.8278

 

U$10,000 USD
=
€8,277 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 0.8277
U$ 5 4.1385
U$ 10 8.2770
U$ 20 16.55
U$ 50 41.39
U$ 100 82.77
U$ 250 206.93
U$ 500 413.85
U$ 1,000 827.70
U$ 2,000 1,655
U$ 5,000 4,139
U$ 10,000 8,277
U$ 50,000 41,385
U$ 100,000 82,770
More amounts
USD EUR
U$ 1.2081 € 1
U$ 6.0405 € 5
U$ 12.08 € 10
U$ 24.16 € 20
U$ 60.41 € 50
U$ 120.81 € 100
U$ 302.03 € 250
U$ 604.05 € 500
U$ 1,208 € 1,000
U$ 2,416 € 2,000
U$ 6,041 € 5,000
U$ 12,081 € 10,000
U$ 60,405 € 50,000
U$ 120,810 € 100,000
More amounts
 

Frequently Asked Questions

 

What currency should I use in Estonia?

The domestic currency in Estonia 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 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.

 

Travel money for Estonia

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 Estonia - Best Rates

To get a good (and fair) exchange rate when sending money to Estonia 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.


Get a better deal for foreign transfers to Estonia

When sending money to Estonia 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 Estonia.

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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