Currency in Lithuania: EUR Send & Spend FX Guide

What is a good Euro exchange rate?

The BestExchangeRates.com currency comparison table below helps you see the total cost of your currency transaction by showing the exchange rates offered by different providers. It also makes it easy to spot potential savings from market-leading FX services compared to bank rates.

To see a full list of rates, enter your transaction type, currencies and amount then click ‘GET RATES’:

Good things to know about the Euro

The euro (ISO: EUR) is involved in slightly more than 30% of all foreign exchange deals, and as such, is the world’s second most traded currency, behind the US dollar.

The euro is the currency of the eurozone (officially called the ‘euro area’), which consists of 19 of the 28 member states of the European Union, and is used by almost 350 million Europeans. It was introduced in January 1999.

Of all the thousands of exchange rates that exist in the world, the euro-to-US dollar exchange rate is the most actively traded, or most ‘liquid’.

Since its introduction, the euro’s lowest value against the dollar came in October 2000 when EUR/USD hit lows of 0.8231. The currency was strongest in July 2008, shortly before the worst stage of the 2007-2009 financial crisis, when EUR/USD reached 1.6038.

There are currently more than twenty nations and territories which peg their currencies to the euro, the largest of which is Denmark.

The euro banknotes and coins

The Euro is issued in banknotes of €5, €10, €20, €50, €100, €200, and €500, and in coins of 1 cent, 2 cents, 5 cents, 10 cents, 20 cents, 50 cents, €1, and €2.

The banknotes feature images of historical and cultural figures from across the European Union, while the coins depict each member country's unique design. The design of the Euro banknotes and coins is intended to be easily identifiable and difficult to counterfeit.

For more EUR information check out our selection of Euro news and guides.

Travel money for Lithuania

Using Wise for Euro 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 Euro otherwise you will typically get much worst dynamic currency conversion (DCC) exchange rates.

If you really want Euro cash before departure, you can save money by ordering online. You generally get better rates and can pick up the EUR cash locally or even on travel day at the airport.

 

 

Everyday Costs in in Lithuania

How much does it really cost to live, work, or travel in Lithuania? Here's what to expect for daily expenses and expat living.

Currency Guide for Lithuania (LT)

When planning a one-week mid-range stay in Lithuania, travelers should consider budgeting around €600 to €800, depending on individual preferences and activities. Here’s a breakdown of typical daily expenses in euros (€) to help you gauge your overall budget:

• 🍔 Meal at a local restaurant: €10-€15

• ☕ Coffee: €2-€3

• 🚍 Public transport fare: €1-€2

• 📱 Prepaid SIM card: €10-€15

• 🏨 Budget hotel or Airbnb: €30-€60 per night

Overall, Lithuania is relatively inexpensive compared to many Western countries, falling somewhere between cheap and average for visitors. For instance, a trip to Lithuania is generally more affordable than a trip to the United States, where meal prices and accommodations can easily be 30-50% higher. Similarly, travelers from the UK or Australia may find Lithuania to be a more budget-friendly option, with daily expenses often lower than those encountered in major cities like London or Sydney.

Expat Living Costs in Lithuania

For those considering a longer-term stay, expats should budget approximately €1,000 to €1,500 monthly to cover typical living costs, including rent, groceries, utilities, and leisure activities. Key expenses include rent for a one-bedroom apartment in the city center (around €400-€600) and grocery bills (~€200-€300).

When it comes to banking, it's advisable to set up a local bank account to avoid high fees associated with international transactions. Card usage is common in cities, but always carry some cash, as smaller establishments may not accept cards. For sending and receiving money, online transfer services like Wise or OFX often offer better exchange rates and lower fees compared to traditional banks. While converting cash locally is usually straightforward, using these services can provide additional savings, especially for larger amounts.