A practical foreign exchange and currency guide to Slovakia
What's in this Slovakia currency guide:
The official currency of Slovakia is the euro, with symbol € and currency code EUR.
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.
Major banks are forecasting the eurozone common currency to fall to $0.95 by the end of the year.
This multi-year low for the euro vs the US dollar looks only to worsen as winter approaches; the short term news for the single currency is all negative.
16 Sep 2022
02 Jul 2022
30 Sep 2021
01 Oct 2017
02 Oct 2012
05 Oct 2002
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.
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.
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.
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.