Latvia - LVL - Currency Guide

LVL News, Forecasts and Trends

The below interactive chart shows the USD to LVL exchange rate, trend and recent alerts for the last 90 days.

Travel, Currency and Money saving tips for Latvia

Latvia has the Baltic Sea to the West and is sandwiched between Estonia in the North and Lithuania to the South. The landscape is characterised by wide beaches and dense forest. Riga, is the medieval capital of Latvia, famous for the medieval old town St Peter's church as well as its more recent art nouveau architecture.

Money can be exchanged at banks or bureau de changes. ATMs are widely available in the major cities and towns, but always carry cash when venturing further out.

Travel money for Latvia

Save money and time by Ordering your LVL online from Travelex, you get better rates and can pick up the LVL 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 LVL otherwise you may get much worst exchange rates.

Sending money to Latvia

When searching around for information on how to get a good exchange rate when sending money to Latvia you need to start with finding out the latest LVL foreign-transfer exchange rate.

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 here).

How stable is the Latvian economy?

The past decade has been a turbulent period for the Latvian economy. From acquiring double digit growth figures before 2008, the country has first experienced a double digit drop in GDP before rebounding to a healthier economy and more focus on socio economic challenges.

Get a better deal for foreign transfers to Latvia

When sending money to Latvia 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 LVL 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 LVL amount will be transfered to the recipient account you specify in Latvia.

Use our Send to LVL 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 LVL deposited into the recipient bank account and less margins and fees kept by the banks!