Currency in Portugal – Euro EUR
A practical foreign exchange and currency guide on sending money and travel to Portugal
What's in this Portugal currency guide?
Travelling to Portugal
Portugal has been popular with European vacationers. Beaches and high mountains aside, the rest of Portugal is a diverse and verdant country of deep valleys and rolling hills dotted with stone-built villages. The country has with excellent sandy beaches and rugged coastline, as well as cosmopolitan and architecturally-stunning cities. Portugal is an affordable city, prices don’t go to high and you can sleep comfortably and eat cheaply with ease.
A city metro ticket will generally start from 1.50 EUR. Inter-country trains and buses are inexpensive. Food, accommodation, wine is all very cheap, especially when compared to other EU countries. Taxis are a expensive way of getting around.
Sending Money to Portugal
The below comparison table makes it easy to find the best exchange rates and lowest fees when you want to make a Transfer or Spend Euro.
Loading rates...
| Provider | Amounts | Rate | Cost | |
|---|---|---|---|---|
|
|
|
|||
|
|
|
|||
|
|
|
|||
|
|
|
Euro – Markets & Rates
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.
Euro Forecast and Trend
In September, Olaf Scholz’s Social Democrat Party narrowly won the German election. The longer negotiations and political uncertainty drag on, the greater downward pressure will be felt by the euro.
In addition should risk sentiment remain fragile, there could be continued demand for USD as a safe haven. Therefore, USD/EUR could gain higher.
USD-EUR OutlookHistoric EUR-USD Rates
| EUR/USD was | Change | Period |
|---|---|---|
1.1287 19 Nov 2021 | 0.2% ▲ | 2 Weeks |
1.1884 04 Sep 2021 | 4.8% ▼ | 90 Days |
1.2145 03 Dec 2020 | 6.9% ▼ | 1 Year |
1.0545 04 Dec 2016 | 7.3% ▲ | 5 Years |
1.3399 06 Dec 2011 | 15.6% ▼ | 10 Years |
0.8900 08 Dec 2001 | 27.1% ▲ | 20 Years |
EUR is also used in 32 other countries
BER Send Money Guides
Send Money to India
Send Money to Canada
Send Money to USA
Send Money to UK
Send Money to Mexico
Send Money to Malaysia
Send Money to Europe
Send Money to Australia
Send Money to China
Send Money to Taiwan
Send Money to Poland
Send Money to PhilippinesWhere do you want to Save Sending Money?