A practical foreign exchange and currency guide to Vatican City
What's in this Vatican City currency guide:
The official currency of Vatican City 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.
As the tragic Ukraine war continues USD/EUR is near 0.95, a 5 year high.
Due to the Eurozone’s reliance on gas from Russia, the euro is very vulnerable to the events in Ukraine with EUR/USD dropping to around 1.06 by the end of April whereas it had been approaching 1.15 in early February.
At the start of the tragic Russian invasion of Ukraine the euro sank to parity against the safe-haven Swiss franc hitting 0.9985 francs per euro on March 7th, the lowest since January 2015.
By the end of April the euro fell to a 5-Year low around 1.05 against the US dollar and the short term news for the single currency is all negative. Global bans against Russian oil and gas and uncertainty over ECB interest rate plans have prompted predictions in the currency markets for parity for the euro against the greenback this year.
05 May 2022
18 Feb 2022
19 May 2021
20 May 2017
21 May 2012
24 May 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.
It might only cover about half a square kilometre, but the Vatican looks every inch a religious superpower. Its holy buildings are monumental in scale and its lavishly-decorated halls house some of the world’s most celebrated artworks.
The actual Vatican is very small, a few buildings, but its meaning is global. Whatever it means to you, it is worth seeing. You don’t need a tour, you can walk in and see it all, stunning architecture, and the awe of centuries of faith. Just, if you aren’t up for a very hard climb and you want to see the view of Rome from the top, it can be a claustrophobic climb. Take the lift when you if you plan to see Rome from the top the Vatican. The climb to the lovely view at the top can be hard, and not very pleasant. The lift, however, can take you you up to one of the most amazing views of the city. Expect it to be crowded. Always expect a very long queue (30 mins minimum) as the queues are long every day. Rome is an expensive place to stay, but if you look around the internet you can can find good bargains. It is well worth looking around, you can find amazing places cheaper than most with a bit of effort.
Start early at the Vatican Museums. This colossal museum complex occupies the 5.5-hectare Palazzo Apostolico Vaticano and contains one of the world’s greatest art collections, culminating in the Michelangelo-decorated Sistine Chapel. There are kilometres of galleries to explore, with everything from Egyptian mummies and Etruscan bronzes to classical sculptures, cartographic tapestries and Renaissance canvases. The Stanze di Rafaello (Raphael Rooms) will stop you in your tracks as you pause to marvel at the Renaissance maestro’s amazingly detailed frescoes.
The Vatican Museums’ star attraction, the Sistine Chapel boasts two of the world’s greatest masterpieces: Michelangelo’s ceiling frescoes (1508-1512) and his Giudizio Universale (Last Judgment; 1535–1541). For the best views of the ceiling design, which covers 800 square metres and depicts episodes from the Old Testament, cross to the chapel’s main entrance in the east wall (opposite the visitor entrance).
Entering St Peter’s Basilica for the first time is an unforgettable experience. The size and opulence of the cavernous 187m-long interior are breathtaking to behold, and wherever you look your gaze falls on yet another priceless masterpiece. One of the basilica’s most celebrated works is Michelangelo’s Pietà, a moving sculpture of the Madonna cradling her lost son near the main entrance.