Foreign exchange guide to Ireland and the Euro
What's in this Ireland currency guide?
The official currency of Ireland (country code: IE) is the Euro, with symbol € and currency code EUR.
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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.
The Euro is issued in banknotes of €5, €10, €20, €50, €100, €200, and €500, and in coins of 1 cent, 2 cents, 5 cents, 10 cents, 20 cents, 50 cents, €1, and €2.
The banknotes feature images of historical and cultural figures from across the European Union, while the coins depict each member country's unique design. The design of the Euro banknotes and coins is intended to be easily identifiable and difficult to counterfeit.
Using Wise for Euro travel money is a smart choice for savvy travelers. With its competitive exchange rates and low fees, Wise allows you to convert and manage multiple currencies effortlessly.
Be careful when using your own bank's Debit/Credit Card, as your bank may also charge an extra 3% as an “Overseas Transaction Charge” plus “Overseas ATM” fees for withdrawing cash on top of the standard Visa/Mastercard 2.5% from market mid-rate.
For card purchases, if you are offered a choice of currencies always select to Pay in Euro otherwise you will typically get much worst dynamic currency conversion (DCC) exchange rates.
If you really want Euro cash before departure, you can save money by ordering online. You generally get better rates and can pick up the EUR cash locally or even on travel day at the airport.
If you're looking for a breathtakingly beautiful country with a rich history and friendly people, then you'll love Ireland. Situated on the west coast of Europe, Ireland is an ideal destination for travelers and expats alike. From the wild and rugged coastline to the rolling green hills and picturesque villages, there's something for everyone in Ireland.
The people of Ireland are known for their warm hospitality, and you're sure to receive a warm welcome wherever you go. In addition to being friendly and hospitable, the Irish are also famous for their love of music and literature. You'll find live music in every town and city, and there are plenty of museums and galleries to explore.
When it comes to food, Ireland has something for everyone. From hearty stews and delicious seafood to fresh fruits and vegetables, you'll find plenty of delicious options to choose from. And of course, no trip to Ireland would be complete without trying a pint of Guinness!
There are many things to do and see in Ireland, but some of the best include exploring the stunning scenery, visiting the historic castles and monuments, and sampling the delicious food and drink.
There are plenty of ways to save money while traveling in Ireland. Here are a few tips:
-Find budget-friendly accommodation. There are many hostels and bed and breakfasts available for reasonable prices.
-Eat like a local. Dining out can be expensive, so take advantage of Ireland's supermarkets and cook your own meals.
-Walk or cycle whenever possible. Not only is it good exercise, but it's also a free way to see the sights.
-Visit free attractions. Many of Ireland's top attractions, like museums and castles, don't charge an admission fee.
The below interactive chart displays the USD/EUR change and UP📈 DOWN📉 trends over the past 1 Year.
The domestic currency in Ireland is the Euro.
The three letter currency code for the Euro is EUR — symbol is €.
It is the domestic currency in   Eurozone, Aaland Islands, Andorra, Austria, Belgium, Croatia, 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 Barthelemy, Saint Martin, Saint Pierre and Miquelon, San Marino, Slovakia, Slovenia and Spain.
No, the Euro is freely available and convertible. See guide: What is a closed currency?
Here are some popular conversion amounts for USD to EUR (US dollar to Euro)*.
*Converted at the current USDEUR interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
To get a good (and fair) exchange rate when sending money to Ireland 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.
When sending money to Ireland 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 :
Use the above 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!
Managing your money effectively while living and working abroad can be challenging, but there are several steps you can take to ensure that your finances are in order.
By following these tips and managing your money effectively, you can reduce financial stress and enjoy your experience living or doing business in Ireland.
The expat life in Ireland is generally good. There are many opportunities to meet other expats and make friends. There are also many activities and events to get involved in.
The business environment in Ireland is stable and conducive to doing business. The country has a pro-business government that is supportive of foreign investment. Ireland is a member of the European Union and the Eurozone, providing businesses with access to a large potential customer base. The country has a skilled workforce and a well-developed infrastructure. Taxes are relatively high, but the corporate tax rate is lower than in many other countries.
The economy in Ireland is considered to be strong. Ireland has a low unemployment rate and has experienced strong economic growth in recent years.
Here we list some key points for expats and businesses to consider when managing financial dealings in Ireland:
Understand Euro currency exchange rates: Exchange rates can have a big impact on your finances, so it is important to keep an eye on the EUR exchange rate and consider using a money transfer specialist or a credit card that does not charge foreign transaction fees to get the best exchange rate.
Use a local Euro bank account: A local EUR bank account can make it easier for you to manage your finances and pay bills while you are in Ireland. It may also be more convenient to use a local EUR bank account to make purchases and withdraw cash.
Research local laws and regulations: It is important to understand the local laws and regulations that apply to financial transactions in Ireland. This can help you avoid legal issues and ensure that you are complying with local requirements.
Consider the tax implications: It is important to understand the tax implications of living or doing business in Ireland. This can help you plan your finances and ensure that you are paying the correct amount of tax.
Seek financial advice: If you are unsure of how to manage your finances in Ireland, it is a good idea to seek the advice of a financial professional who is familiar with the local financial system. This can help you make informed decisions and avoid financial pitfalls.