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.
Loading rates...
| Provider | Amounts | Rate | Total Cost | |
|---|---|---|---|---|
|
|
|
|||
|
|
|
|||
|
|
|
|||
|
|
|
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 1.0463 is 5.5% above its 90-day average 0.9919 with range 0.9541-1.0465. USD/EUR Rates
The European Central Bank surprised markets mid July when it increased interest rates by 50 basis points, the first rise in over a decade.
Due to the Eurozone’s reliance on gas from Russia, the euro remains vulnerable with USD/EUR at a 20-year High at parity in August, whereas it had been 0.87 in early February before the start of Putin’s so called Russian ‘special miliary operation’ in Ukraine.
GBP to EUR at 1.1176 is 4.3% below its 90-day average 1.1679 with range 1.1114-1.1966. GBP/EUR Rates
Mid-year the GBP/EUR rate is well down to around to the 1.15-16 levels, well down from the recent high of 1.21 in March.
This is some achievement given the Euro has been under heavy pressure itself from impact on gas prices by the the war in Ukraine.
The BoE’s (UK central bank) gloomy economic forecasts has also increased pressure on Sterling.
CAD to EUR at 0.7598 is near its 90-day average 0.7605 with range 0.7411-0.7754. CAD/EUR Rates
In late August CAD/EUR is trading around the 0.77 level, 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 0.6679 is 1.5% below its 90-day average 0.6783 with range 0.6535-0.6996. AUD/EUR Rates
Due to the Eurozone’s reliance on gas from Russia, the euro remains vulnerable with AUD/EUR at a 5-year High in August near 0.70, whereas it had been approaching 0.60 in early February before the start of Putin’s so called Russian ‘special miliary operation’ in Ukraine.
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.