A practical currency and money guide to travel, living and doing business in Slovenia and the Euro (EUR).
What's in this Slovenia currency guide:
The official currency of Slovenia (country code: SI) 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.
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.
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.
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.
Here we list some key points for expats and businesses to consider when managing financial dealings in Slovenia:
Understand Euro currency exchange rates: Exchange rates can have a big impact on your finances, so it is important to keep an eye on the EUR exchange rate and consider using a currency exchange service or a credit card that does not charge foreign transaction fees to get the best exchange rate.
Use a local Euro bank account: A local EUR bank account can make it easier for you to manage your finances and pay bills while you are in Slovenia. It may also be more convenient to use a local EUR bank account to make purchases and withdraw cash.
Research local laws and regulations: It is important to understand the local laws and regulations that apply to financial transactions in Slovenia. This can help you avoid legal issues and ensure that you are complying with local requirements.
Consider the tax implications: It is important to understand the tax implications of living or doing business in Slovenia. This can help you plan your finances and ensure that you are paying the correct amount of tax.
Seek financial advice: If you are unsure of how to manage your finances in Slovenia, it is a good idea to seek the advice of a financial professional who is familiar with the local financial system. This can help you make informed decisions and avoid financial pitfalls.
The exchange rate of euro (EUR), or the amount of EUR that can be exchanged for a foreign currency, can fluctuate rapidly based on a number of factors, including economic conditions, interest rates, and political events. Below you can check the latest EUR/USD rate plus recent trend, chart, forecasts and historic rates.
15 Mar 2023
|2.5% ▲||2 Week|
29 Dec 2022
|1.7% ▲||3 Month|
29 Mar 2022
|2.2% ▼||1 Year|
30 Mar 2018
|12.1% ▼||5 Year|
31 Mar 2013
|15.4% ▼||10 Year|
03 Apr 2003
|1.1% ▲||20 Year|
The below comparison table makes it easy to find the best exchange rates and lowest fees when you want to make an International Money Transfer to Slovenia or planning a trip or maybe living there, so will need to exchange and spend Euro.
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It is important to note that the exchange rate of the euro can change rapidly and that past performance is not necessarily indicative of future performance. It is advisable to carefully consider the risks and factors that may affect EUR exchange rates before making any financial decisions.