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    Latvia - LVL - Currency Guide

     

    Foreign exchange guide to Latvia and the LVL (LVL)

    What's in this Latvia currency guide?

    1. LVL/USD trend
    2. Forecasts
    3. Travel Latvia
    4. Spending LVL
    5. Send to Latvia
         

    LVL/USD Trend (90-day)

    No alerts
     

    The below interactive chart displays the LVL/USD trend and UP DOWN HIGH LOW alerts

     
    LVL to USD Currency Trend Chart
       

    LVL to US dollar - Historical Rates

    LVL/USD wasPeriod
    1.5758
    20 Oct 2016
    5 Years
    1.9563
    22 Oct 2011
    10 Years
    1.6015
    24 Oct 2001
    20 Years
    LVL/USD historic rates
     

    $10,000 USD
    =
    €8,602 EUR

    Converted at USD/EUR interbank rate, compare Send Money and Currency Exchange exchange rates.

    USD to EUR - Quick Amounts

    Sell USD   →   Buy EUR
    USD EUR
    $ 1 0.8602
    $ 5 4.3010
    $ 10 8.6020
    $ 20 17.20
    $ 50 43.01
    $ 100 86.02
    $ 250 215.05
    $ 500 430.10
    $ 1,000 860.20
    $ 2,000 1,720
    $ 5,000 4,301
    $ 10,000 8,602
    $ 20,000 17,204
    $ 50,000 43,010
    $ 100,000 86,020
    USD EUR
    $ 1.1625 € 1
    $ 5.8125 € 5
    $ 11.63 € 10
    $ 23.25 € 20
    $ 58.13 € 50
    $ 116.25 € 100
    $ 290.63 € 250
    $ 581.25 € 500
    $ 1,163 € 1,000
    $ 2,325 € 2,000
    $ 5,813 € 5,000
    $ 11,625 € 10,000
    $ 23,250 € 20,000
    $ 58,125 € 50,000
    $ 116,250 € 100,000

    More amounts

     

    Frequently Asked Questions

     

    What currency should I use in Latvia?

    The domestic currency in Latvia is the LVL.

    What is the LVL currency code and symbol?

    The three letter currency code for the LVL is LVL — symbol is Ls.

    Which countries use the LVL?

    It is the domestic currency in    Latvia.

    Is the LVL a closed currency?

    No, the LVL is freely available and convertible. See guide: What is a closed currency?

     

    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.

     

    Send Money to Latvia - Best Rates

    To get a good (and fair) exchange rate when sending money to Latvia 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.


    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 the above 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!

    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.


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