If you are planning a trip to the Eurozone you can save significant amounts by using a multi-currency card or order foreign cash online for better currency exchange rates.
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Buy Euros
Best Exchange Rates makes it easy to compare retail FX rates from trusted, regulated currency exchange specialists to use when you Travel and Spend abroad.
Eurozone Euro Forecasts
USD to EUR at 0.9318 is just 0.7% above its 90-day average 0.9252 with range 0.8872-0.9633. USD/EUR Rates
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.
GBP to EUR at 1.1768 is 1.2% below its 90-day average 1.1905 with range 1.1651-1.2109. GBP/EUR Rates
The BoE’s (UK central bank) gloomy economic forecasts has increased pressure on Sterling. In early May the pound plummeted when the BoE raised rates by just 25bps contrasting with the rate hike of 50bps by the US Federal Reserve.
CAD to EUR at 0.7322 is just 0.6% above its 90-day average 0.7278 with range 0.6978-0.7457. CAD/EUR RatesInto March CAD/EUR has trading above the 0.71 level (1 EUR = 1.4 CAD), this a few percent from where the rate ended 2021. The effect of Ukraine crisis on energy prices hurts the euro and helps the gas and oil exporting Canadian dollar.
AUD to EUR at 0.6672 is just 0.7% below its 90-day average 0.6719 with range 0.6418-0.6948. AUD/EUR Rates
The effect of Ukraine crisis on energy prices hurts the euro and helps the gas and oil exporting Aussie and have helped the AUD/EUR rate to rise back to 4 year highs trading around the 0.66 level (1EUR=$A1.5).
The euro has dropped 10 cents in one month and is down 2.7 per cent this year.
Travel, Currency and Money saving tips for the Eurozone
No destination holds as much variety and cultural difference as Europe. From the sunny south to the snowy north there is no shortage of places to see here. When arriving at any new destination for first time visitors it cant hurt to stop by the Tourist Point to get any free maps, discounts, and cost free events. Most decent hotels have free WiFi so try using this to avoid any suprise Roaming fees on your phone when you get back home. ATM and credit card use varies greatly between countries so purchasing a Pre-paid Travel Card before leaving for your travels can save time and hassle.
If you would like to travel by train and can book a fare way in advance you can save money by getting a pass for Europe's extensive train system that goes pretty much everywhere. You can check prices at sites like RailEurope. To save a lot of travel time and money you can book a sleeper cabin on an overnight train. While travelling across Europe by bus used to be uncomfortable there are now low cost luxury buses available. And now to save even more time at your locations instead of travelling to them, costs for flights have greatly reduced in recent years making it a very affordable and very fast way to get around. Depends on your preference.
The Euro currency is widely used across most of Europe which makes it very convenient, so if you plan to spend most your travel time in Europe try to convert a chunk of currency before you go to get the best rates. It’s a little known fact that the closer you get to the departure gates in any country the worst the currency exchange rates get! In fact travellers can end up paying more than 10% extra if you load up on your overseas currency at airport bureau de change outlets.
If you end up buying your travel money on depature day without pre-ordering online you are most likely wasting some of your money.