Living and Trading in EUR: FX Guide to Slovenia
Resources for Expats, Travelers, and Entrepreneurs Navigating Life and Trade in Slovenia with the Euro
What's in this Slovenia currency guide?
What currency is used in Slovenia?
The official currency of Slovenia (country code: SI) is the Euro, with symbol € and currency code EUR.
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Frequently Asked Questions
What currency should I use in Slovenia?
The domestic currency in Slovenia is the Euro.
What is the Euro currency code and symbol?
The three letter currency code for the Euro is EUR — symbol is €.
What doe the Euro look like?
Here is an example Euro banknote:
Which countries use the Euro?
It is the domestic currency in Eurozone, Aaland Islands, Andorra, Austria, Belgium, Croatia, 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 Barthelemy, 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?
What are equivalent amounts of USD and EUR?
Here are some popular conversion amounts for USD to EUR (US dollar to Euro)*.
*Converted at the current USDEUR interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
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.
Travel money for Slovenia
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.
Slovenia is a charming and comfortable place to travel, with architecturally grand, cultured cities, and lush pine-forested countryside, perfect for hiking and biking in summer and skiing in winter. The country managed to avoid much of the strife that plagued other nations during the messy disintegration of the Yugoslav Republic, and has integrated quickly with Western Europe, joining the eurozone at the start of 2007. Slovenia is a charming and comfortable place to travel, with architecturally grand, cultured cities, and lush pine-forested countryside, perfect for hiking and biking in summer and skiing in winter. The country managed to avoid much of the strife that plagued other nations during the messy disintegration of the Yugoslav Republic, and has integrated quickly with Western Europe, joining the eurozone at the start of 2007.
Slovenia's castles are today atmospheric repositories of Slovenia's lively historical past. The 11th century Bled Castle is a cliffside setting for a fine history museum, while Predjama is linked to underground caverns – and tales of witchcraft. Limestone geology has given Slovenia some of the world's finest cave systems. Standouts include the UNESCO-listed caverns at Skocjan, home to the world's largest subterranean canyon, plus the 20km of passages, galleries and chambers at Postojna, Europe's most visited cave system.
How to get around in Slovenia?
Just like anywhere else in Europe a car will give you a certain freedom and speed that you don't get by public transport, but the train and bus system is pretty good and will get you to most places you'd likely want to visit on a first trip to the country. Of course having a car makes your trip easier, but given the small size of Slovenia and reasonably good public transport(both bus and train) you can get everywhere you want without a car, only it takes a bit more time. The only place that's next to impossible to reach by public transport is the castle inside the cave-Predjamski grad which is really worth to see. Hitchhiking in Slovenia works and is generally safe, but be aware that by hitchhiking even in a country where it is usually safe you are adding some risk to your journey that you may get a driver that expects something in return.
The railway system has been relatively modernized. The railway station names are typically only visible on station building signs, so figuring out to which station the train is arriving means constantly looking outside the correct window (sometimes it's on the right side, other times it's on the left side). A few newer trains have a voice announcement system that announces to which station the train is arriving. Trains are punctual (except some of the international trains), so travellers should check the expected arrival time and previous station names to be sure where to get off.
USD/EUR Market Data
The below interactive chart displays the USD/EUR change and UP📈 DOWN📉 trends over the past 1 Year.
Send Money to Slovenia - Best Rates
To get a good (and fair) exchange rate when sending money to Slovenia you need to find and compare exchange rates for International Money Transfers (IMTs).
The available FX rates for sending money abroad can be very different to the mid-market (wholesale) rate which you see reported online and in the News.
You should especially compare your own bank's exchange rates to those available from Money Transfer specialists to see how much you can save - we make that calculation easy in the below table.
Get a better deal for foreign transfers to Slovenia
When sending money to Slovenia 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 :
- Open an account with a BER reviewed FX provider (id docs may be required)
- You specify the local or Euro amount you want to transfer
- Make a local currency domestic transfer for the requested amount to the provider's bank account in your country
- Once your funds are received by the provider the converted EUR amount will be transfered to the recipient account you specify in Slovenia.
Use the above 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!