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Slovakia - Euro - Currency Guide

 

Foreign exchange guide to Slovakia and the Euro (EUR)

   

General Currency Info - 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.

   

EUR News, Forecasts and Trends

EUR will fall to 0.80 against the British pound according to Standard Bank. The coronavirus pandemic has replaced Brexit in the headlines and means that the deadline for a trade deal with the Eurozone this year could either be pushed back, delaying a risk for the currency, or see more favorable terms given to the U.K.

Rabobank told Bloomberg TV in early April that they see the Euro holding its value in an otherwise difficult virus affected year for most currencies.

The Euro spent 2019 on a downwards trajectory, starting the year with highs at US1.1550 but then slid all year until October where it bottomed out at US$1.09 on Oct 1, close to long-term lows. Since then it has climbed back up towards the average rate for the year of US1.12, perhaps due to the less uncertainty around Brexit.

For more EUR currency market forecasts you can read the full article Euro Forecasts. The below interactive chart shows the USD to EUR exchange rate, trend and recent alerts for the last 90 days.

   
Recent USD to EUR 90-day trend
 
ALERT:14-DAY LOWS |
USD/EUR at 0.8817 was trading 2.6% below AVG:0.9052 with LO:0.8791 and HI:0.9278 (90 days). ALERT: USD/EUR dropped to 14-DAY LOWS.

US Dollar to Euro - Historical Rates

USD/EUR rateChangePeriod
06 Jul 2020 : 0.88380.3% ▼1 Week
13 Jun 2020 : 0.88850.8% ▼30 Days
14 Apr 2020 : 0.91043.2% ▼90 Days
14 Jul 2019 : 0.88720.6% ▼1 Year
15 Jul 2015 : 0.91333.5% ▼5 Years
16 Jul 2010 : 0.773014% ▲10 Years
USD/EUR 10 year historic rates & changes to 13-Jul-2020 : 0.8815
 

U$1,000 USD
=
€881.68 EUR

Converted at USD/EUR wholesale exchange rate, compare foreign transfer and spend/travel exchange rates.

 
 

US Dollar to Euro - Quick Conversions

USD EUR
U$ 1 0.8817
U$ 5 4.4085
U$ 10 8.8170
U$ 20 17.63
U$ 50 44.09
U$ 100 88.17
U$ 250 220.43
U$ 500 440.85
U$ 1,000 881.70
U$ 2,000 1,763
U$ 5,000 4,409
U$ 10,000 8,817
U$ 50,000 44,085
U$ 100,000 88,170
More amounts
USD EUR
U$ 1.1342 € 1
U$ 5.6710 € 5
U$ 11.34 € 10
U$ 22.68 € 20
U$ 56.71 € 50
U$ 113.42 € 100
U$ 283.55 € 250
U$ 567.10 € 500
U$ 1,134 € 1,000
U$ 2,268 € 2,000
U$ 5,671 € 5,000
U$ 11,342 € 10,000
U$ 56,710 € 50,000
U$ 113,420 € 100,000
More amounts

Frequently Asked Questions

 

What currency should I use in Slovakia?

The domestic currency in Slovakia is the Euro.

What is the Euro currency code and symbol?

The three letter currency code for the Euro is EUR — symbol is .

Which countries use the Euro?

It is the domestic currency in    Eurozone,   Aaland Islands,   Andorra,   Austria,   Belgium,   Cyprus,   Estonia,   Finland,   France,   French Guinea,   French Southern Territories,   Germany,   Greece,   Guadeloupe,   Vatican City,   Ireland,   Italy,   Luxembourg,   Malta,   Martinique,   Mayotte,   Monaco,   Montenegro,   Netherlands,   Portugal,   Reunion,   Saint Barthélemy,   Saint Martin,   Saint Pierre and Miquelon,   San Marino,   Slovakia,   Slovenia and Spain.

Is the Euro a closed currency?

No, the Euro is freely available and convertible. See guide: What is a closed currency?

 

Travel, Currency and Money saving tips for Slovakia

Right in the heart of Europe, Slovakia is a land of castles and mountains, occasionally punctuated by industrial sprawl. More than a quarter-century after Czechoslovakia's break-up, Slovakia has emerged as a self-assured, independent nation. Capital city Bratislava draws visitors to its resplendent old town and tankard-clanking drinking culture. But Slovakia shines brightest for lovers of the outdoors. Walking trails in the High Tatras wend through landscapes of unearthly beauty, with mirror-still glacier lakes backed by 2000m peaks. Near the Austrian border, capital city Bratislava features a pedestrian-only Old Town with a lively cafe scene. Rising on a hill above the Danube River, Bratislava Castle houses a branch of the Slovak National Museum, with displays ranging from Roman artifacts to 20th-century arts and crafts.

What currency is used in Slovakia?

Slovakia’s currency is the Euro. The euro is the second most traded currency in the world, behind the US dollar, so it’s very likely that your bank will have euros on hand. However, there’s no guarantee that your home bank will offer the most competitive exchange rate.

In Slovakia, Visa, MasterCard and Maestro are extremely common and thus widely accepted. American Express isn't accepted everywhere. Though cards are commonly used, it’s always a good idea to carry a small amount of cash in case you happen upon a shop or restaurant that doesn’t accept plastic.

Travel tips for Slovakia.

Slovakia's less-visited east is speckled with quaint churches. Within its national parks are landscapes battle-scarred by the clash of river and stone. Beyond eastern metropolis Košice, a boutique charmer of a city, the Tokaj wine region unfurls across thinly populated countryside. Despite a storied history and varied topography, Slovakia is small. For visitors, that can mean fortresses, hiking and beer-sloshing merriment – all in the space of a long weekend.

 

Travel money for Slovakia

Save money and time by Ordering your Euro online from Travelex, you get better rates and can pick up the EUR 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 Euro otherwise you may get much worst exchange rates.

 

Sending money to Slovakia

When searching around for information on how to get a good exchange rate when sending money to Slovakia you need to start with finding out the latest Euro 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.


Get a better deal for foreign transfers to Slovakia

When sending money to Slovakia 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 Euro 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 EUR amount will be transfered to the recipient account you specify in Slovakia.

Use the above Send to Euro 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 Euro deposited into the recipient bank account and less margins and fees kept by the banks!


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