Lithuania Currency Guide: Explore with the LTL
Resources for Expats, Travelers, and Entrepreneurs Navigating Life and Trade in Lithuania with the LTL
What's in this Lithuania currency guide?
What currency is used in Lithuania?
The official currency of Lithuania (country code: LT) is the LTL, with symbol Lt and currency code LTL.
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Frequently Asked Questions
What currency should I use in Lithuania?
The domestic currency in Lithuania is the LTL.
What is the LTL currency code and symbol?
The three letter currency code for the LTL is LTL — symbol is Lt.
Which countries use the LTL?
It is the domestic currency in Lithuania.
Is the LTL a closed currency?
No, the LTL is freely available and convertible. See guide: What is a closed currency?
What are equivalent amounts of USD and EUR?
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.
Things to know about the LTL
The Lithuanian Litas (LTL) was the official currency of Lithuania until 2015, when it was replaced by the Euro (EUR). The Lithuanian Litas was abbreviated as LTL and was made up of 100 centų. The Bank of Lithuania issued the currency and was responsible for managing the country's monetary policy.
The Lithuanian Litas was introduced in 1922, after Lithuania gained independence from the Russian Empire. It was replaced by the Euro on January 1, 2015, as part of Lithuania's efforts to join the Eurozone.
Travel money for Lithuania
Using Wise for LTL 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 LTL otherwise you will typically get much worst dynamic currency conversion (DCC) exchange rates.
If you really want LTL cash before departure, you can save money by ordering online. You generally get better rates and can pick up the LTL cash locally or even on travel day at the airport.
USD/LTL Market Data
The below interactive chart displays the USD/LTL change and UP📈 DOWN📉 trends over the past 1 Year.
Send Money to Lithuania - Best Rates
To get a good (and fair) exchange rate when sending money to Lithuania 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 Lithuania
When sending money to Lithuania 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 LTL 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 LTL amount will be transfered to the recipient account you specify in Lithuania.
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 LTL deposited into the recipient bank account and less margins and fees kept by the banks!
