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Finland - Euro - Currency Guide

 

Foreign exchange guide to Finland and the Euro (EUR)

     

USD/EUR 90-day view

USDEUR at 0.8249 is 2.5% below its 90-DAY average, range 0.8232-0.8603.
🔔 USDEUR is DOWN 1.6% this 4-DAY period.
|
Alert:4-DAY1.6% |
 
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 struggled in early November dropping to 30-DAY-LOWS due to the COVID-19 second-wave outbreak with France, Italy, and Germany – the Eurozone’s three largest economies – entering lockdowns once more. The markets fear that poor economic results will continue through the end of the year.

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
0.8359
27 Nov 2020
1.3% ▼1 Week
0.8523
04 Nov 2020
3.2% ▼30 Days
0.8447
05 Sep 2020
2.3% ▼90 Days
0.9006
05 Dec 2019
8.4% ▼1 Year
0.9193
06 Dec 2015
10.3% ▼5 Years
0.7517
07 Dec 2010
9.7% ▲10 Years

USD/EUR 10 year historic rates & change to 04-Dec-2020 : 0.8249

 

U$10,000 USD
=
€8,249 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 0.8249
U$ 5 4.1245
U$ 10 8.2490
U$ 20 16.50
U$ 50 41.25
U$ 100 82.49
U$ 250 206.23
U$ 500 412.45
U$ 1,000 824.90
U$ 2,000 1,650
U$ 5,000 4,125
U$ 10,000 8,249
U$ 50,000 41,245
U$ 100,000 82,490
More amounts
USD EUR
U$ 1.2123 € 1
U$ 6.0615 € 5
U$ 12.12 € 10
U$ 24.25 € 20
U$ 60.62 € 50
U$ 121.23 € 100
U$ 303.08 € 250
U$ 606.15 € 500
U$ 1,212 € 1,000
U$ 2,425 € 2,000
U$ 6,062 € 5,000
U$ 12,123 € 10,000
U$ 60,615 € 50,000
U$ 121,230 € 100,000
More amounts
 

Frequently Asked Questions

 

What currency should I use in Finland?

The domestic currency in Finland 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 Finland

According to the annual World Happiness Report 2018, Finland is the happiest country in the world. What better reason to visit a place than to meet its happy inhabitants in hope that some of it rubs off. Perhaps the happiness is due to the fabled merry inhabitant of Finnish Lapland, Santa, who shares the land which is also famed to be the best place to view the northern lights, or Aurora Borealis.

Helsinki, Finland's capital is one of the greenest cities in Europe, with the authorities targeting 2025 as the year that motor vehicle ownership will become obsolete boasting 2,400 miles of cycle lanes to show their commitment. With so few cars on the road, it's no wonder that Finland is also considered to be one of the safest countries in the world.

Although known for advancements in technology and progressive urban solutions, most Finns spend their free time in touch with Mother Nature. With almost 200 000 lakes and half a million summer cottages in the country, there’s a lot of room to retreat to the countryside and get away from it all. Hiking, trekking, Nordic walking and cross-country skiing are considered fun.

What currency is used in Finland?

The currency here is the Euro, Finns use less physical cash in their transactions than any other nation, but ATMs for cash withdrawal are fairly widespread and marked by the sign OTTO. Most major credit cards, including Visa, MasterCard and EuroCard can be used for payment in most shops and restaurants. Thanks to EU rules, withdrawing euro from a cash machine costs you the same anywhere in the EU as it does in your own country from a cash machine that does not belong to your bank.

Getting around in Finland.

Finland is as bicycle-friendly as any country you’ll find, with plenty of paths and few hills. Bikes can be taken on most trains, buses and ferries. Åland is particularly good for cycling. Helmets are recommended but no longer required by law. You can hire a bike in nearly every Finnish town. Most campgrounds and many urban hotels offer bikes for a small fee or for free, but these are made for cycling around town, not for ambitious road trips.

Finish public transport is generally efficient, reliable and safe. There are many options for getting around including bus, tram, train, city bikes and ferries. Bus is the main form of long-distance transport in Finland, with a far more comprehensive network than the train system. Buses run on time and are rarely full.

Lake boats were once important summer transport. These services are now largely kept on as cruises, and make a great, leisurely way to journey between towns. The most popular routes are Tampere–Hämeenlinna, Tampere–Virrat, Savonlinna–Kuopio and Lahti–Jyväskylä. Finland’s road network is excellent, although there are few motorways. When approaching a town or city, keskusta on signs indicates the town centre. There are no road tolls but lots of speed cameras.

Travellers planning a trip across the border to Russia must have a visa. It is advisable to get it at the Embassy of Russia in the traveller’s country of origin, because it takes at least eight weekdays to obtain a visa in Helsinki. Eighty percent of the water in Finland is classed as being exceptionally clean.

 

Travel money for Finland

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 Finland - Best Rates

When searching around for information on how to get a good exchange rate when sending money to Finland you need to start with finding out the latest Euro exchange rate for foreign transfers also called International Money Transfers (IMTs), which can be very different to the wholesale rate and also to currency exchange rates.

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 Finland

When sending money to Finland 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 Finland.

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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