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    Currency in Ireland – Euro EUR

    A practical foreign exchange and currency guide on sending money and travel to Ireland

     

     

    Travelling to Ireland

    Ireland is a beautiful country filled with rolling green hills, castles, beautiful cliffs, Guinness beer, and super-friendly locals. Dublin is a lively city with great pubs and history while the country is filled with beautiful landscapes and castles, so it’s hard not to have a good time here. The country is small so it’s easy to explore the whole thing, it is vibrant and fun.

    History is everywhere, from the breathtaking monuments of prehistoric Ireland at Brú na Bóinne, Slea Head in Kerry and Carrowmore in Sligo, to the fabulous ruins of Ireland’s rich monastic past at Glendalough, Clonmacnoise and Cashel.

    Cliffs of Moher.

    What currency is used in Ireland?

    The Euro has been the currency in circulation in Ireland since the beginning of 2002. It replaced The Irish pound (“punt Éireannach” in Irish). There are two currencies in use on the island of Ireland, so come prepared. You should be aware that as part of the UK, Northern Ireland uses pound sterling, not the euro. Since international bank cards will work perfectly in ATMs and chip and pin terminals on both sides it won’t make a huge difference, but it’s worth knowing if you’re planning to shop. In the 6 counties of Northern Ireland (Fermanagh, Armagh, Tyrone, Derry, Antrim and Down), sterling (GBP) is the currency used.

    How to travel in Ireland?

    Ireland is extremely well-served by budget airlines traveling throughout the UK and Europe. By booking in advance with the likes of Ryanair, Easyjet, and BMIBaby, you can get cheap flights from Ireland to elsewhere in the world. Ireland’s size makes domestic flying unnecessary, but there are flights between Dublin and Belfast, Cork, Derry, Donegal, Galway, Kerry, Shannon and Sligo aimed at passengers connecting from international flights. Flights linking the mainland to the Aran Islands are popular.

    For cheap bus travel take the Green bus like most locals, they service most of Ireland. Eat at the pubs for good, hearty local Irish food that won’t destroy your wallet. If you like visiting heritage sites grab a OPW Heritage card. It gives access to main attractions, including most of the castles throughout the country. The card costs 25 EUR for adults.

    Bus is convenient but renting a car in Ireland can be fantastic to get around on your own schedule. The traffic is not hectic and the roads are good. The bus is fine, but if you have the ability be sure to rent a car to see the countryside and meet the people on your own timetable. 

    Streets of Dublin.

    Ireland’s compact size and scenic landscapes make it a good cycling destination. However, unreliable weather, many very narrow roads and some very fast drivers are major concerns. Special tracks such as the 42km Great Western Greenway in County Mayo are a delight. A good tip for cyclists in the west is that the prevailing winds make it easier to cycle from south to north.

    Ireland’s offshore islands are all served by boat. Ferries also operate across rivers, inlets and loughs, providing useful short cuts, particularly for cyclists.

    Travel tips for Ireland.

    Everything you’ve heard is true: Ireland is a stunner. The locals need little prodding to proclaim theirs the most beautiful land in the world, and can support their claim with many examples. Everyone will argue over the must-sees but you can’t go wrong if you put on your to-visit list the brooding loneliness of Connemara, the dramatic wildness of Donegal, the majestic mountains of Mourne, the world-famous scenery of counties Kerry and Cork, and the celebrated Causeway Coast.

    If you stay at a B&B (Bed and Breakfast) eat the big breakfast that is served.. It will last you well  beyond midday. Lunch is then often later without much need for a big dinner. Again saving you some dollars.

    Buses won’t stop unless you put your hand out. If you are taking the bus this is vitally important. But be warned, some days even putting your hand out and waving it around won’t be enough to make them stop. So don’t be surprised if you see people at the bus stop jumping up and down in desperation when the bus is in view.

    While most of the major Irish sights can be taken in using public transport or tour buses, renting a car is worth considering, to get to those spectacular places off the beaten track.

    Sending Money to Ireland

    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.

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    Euro – Markets & Rates

    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.

     

    1 EUR = 1.1301 USD
    Sell EUR  →  Buy USD
    EUR to USD at 1.1297 has fallen 2.4% below its 90-day average, range 1.1200-1.1883.
    |
      1 USD = 0.8849 EUR
     
    1-DAY+0.6%1d
    14-DAYHIGH2d

    Euro Forecast and Trend

    In September, Olaf Scholz’s Social Democrat Party narrowly won the German election. The longer negotiations and political uncertainty drag on, the greater downward pressure will be felt by the euro.

    In addition should risk sentiment remain fragile, there could be continued demand for USD as a safe haven. Therefore, USD/EUR could gain higher.

    USD-EUR Outlook

    Historic EUR-USD Rates

    EUR/USD wasChangePeriod
    1.1368
    18 Nov 2021
    0.6% 2 Weeks
    1.1879
    03 Sep 2021
    4.9% 90 Days
    1.2114
    02 Dec 2020
    6.7% 1 Year
    1.0667
    03 Dec 2016
    5.9% 5 Years
    1.3425
    05 Dec 2011
    15.8% 10 Years
    0.8901
    07 Dec 2001
    27% 20 Years
    EUR/USD change over periods to 02-Dec-2021

     

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

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