A practical foreign exchange and currency guide on sending money and travel to San Marino
What's in this San Marino currency guide?
The Most Serene Republic of San Marino is a must-see destination for lovers of history—and for those who love picturesque panoramas. A sole survivor of Italy’s once powerful city-state network, this landlocked micronation clung on long after the more powerful kingdoms of Genoa and Venice folded. And still it clings, secure in its status as the world’s oldest surviving sovereign state and its oldest republic (since AD 301). San Marino also enjoys one of the planet’s highest GDP per capita.
San Marino is a mountainous microstate surrounded by north-central Italy. Among the world’s oldest republics, it retains much of its historic architecture. On the slopes of Monte Titano sits the capital, also called San Marino, known for its medieval walled old town and narrow cobblestone streets. The Three Towers, castlelike citadels dating to the 11th century, sit atop Titano’s neighboring peaks.
San Marino uses the euro and has a well-developed banking network. You should have no problem finding an ATM – which might also be marked up with the word Bankomat – in the cities in this tiny country. However, if you’re headed off the beaten track, then carry cash. ATMs can be found in bank branches, in shopping centres and near supermarkets. Find the most convenient location for you, using one of the following ATM locators from national and regional banks.
Whether as a day trip or weekend getaway, San Marino is easily reached from central Italian cities like Rimini (30 mins), Bologna (1.5 hours) and Florence (2.5 hours) by bus or rental car. Hopping over from Italy to San Marino is quite easy: There is no border control, so you don’t need your passport to enter… but you can ask for a stamp in the tourist department as a souvenir! The local currency is the Euro and the official language is Italian, although most shops and restaurants speak English.
Bonelli Bus and Benedettini operate 12 buses daily to/from Rimini (one-way €5, 50 minutes), arriving at Piazzale Calcigni. The SS72 leads up from Rimini. Leave your car at one of Città di San Marino’s numerous car parks and walk up to the centro storico. Alternatively, park at car park 11 and take the funivia. In the opposite direction, the funavia leaves from next to the tourist office.
There’s no internal rail system and local bus services are limited. It is worth noting, if you’re staying in a Sammarinese hotel, you are entitled to a discount on local bus fares (though not on the crossborder service to Rimini, Italy). Cars are banned in the historic centre of the capital.
Città di San Marino’s highlights are its spectacular views, its Unesco-listed streets, and a stash of rather bizarre museums dedicated to vampires, torture, wax dummies and strange facts (pick up a list in the tourist office). Ever popular in summertime is the hourly changing of the guard in Piazza della Libertà. A Multimuseo card (€10) is a good bargain for entrance to all of the state museums.
San Marino has a Mediterranean climate with warm summers moderated by sea breezes. However, in summer the streets are clogged with visitors, especially on the weekends. In winter, the republic’s high altitude (it is built on the Apennine range) ensures it sees a sprinkling of snow. Visit on 9 September and you will be treated to a crossbow tournament held to celebrate the anniversary of the republic’s foundation. The Mille Miglia classic car rally from Brescia to Rome usually goes through San Marino in mid-May.
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.
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.
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 Outlook
19 Nov 2021
04 Sep 2021
03 Dec 2020
04 Dec 2016
06 Dec 2011
08 Dec 2001