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 :
Open an account with a BER reviewed FX provider (id docs may be required)
You specify the local or LVL amount you want to transfer
Make a local currency domestic transfer for the requested amount to the provider's bank account in your country
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!
General advice: The information on this site is of a general nature only. It does not take your specific needs or circumstances into consideration. You should look at your own personal situation and requirements before making any legal, accounting or financial decisions. The foreign exchange rates and products compared on this page and website are chosen from a range of products that bestexchangerates.com (BER) has access to and are not
representative of all the products available in the market.
We may receive referral fees in relation to your activity on the BER website however this doesn't affect the exchange rates or fees you are charged.
The use of terms "Best" and "Top" are not product ratings and are subject to our disclaimer.