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Latvia - LVL - Currency Guide

 

Foreign exchange guide to Latvia and the LVL (LVL)

     

LVL/USD 90-day view

No alerts
 
Recent LVL to USD 90-day trend
   

LVL News, Forecasts and Trends

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

LVL to US Dollar - Historical Rates

LVL/USD ratePeriod
17 Sep 2015 : 1.61345 Years
18 Sep 2010 : 1.858310 Years

LVL/USD 10 year historic rates

 

U$10,000 USD
=
€8,446 EUR

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

US Dollar to Euro - Quick Conversions

USD EUR
U$ 1 0.8446
U$ 5 4.2230
U$ 10 8.4460
U$ 20 16.89
U$ 50 42.23
U$ 100 84.46
U$ 250 211.15
U$ 500 422.30
U$ 1,000 844.60
U$ 2,000 1,689
U$ 5,000 4,223
U$ 10,000 8,446
U$ 50,000 42,230
U$ 100,000 84,460
More amounts
USD EUR
U$ 1.1840 € 1
U$ 5.9200 € 5
U$ 11.84 € 10
U$ 23.68 € 20
U$ 59.20 € 50
U$ 118.40 € 100
U$ 296.00 € 250
U$ 592.00 € 500
U$ 1,184 € 1,000
U$ 2,368 € 2,000
U$ 5,920 € 5,000
U$ 11,840 € 10,000
U$ 59,200 € 50,000
U$ 118,400 € 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.

 

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 exchange rate for foreign-transfers, which can be very different to the wholesale 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 in the below table.

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 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!


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