Aaland Islands - Euro - Currency Guide

This is a currency guide to the Aaland Islands, the Euro currency plus sending (EUR) transfers and travel tips for the Aaland Islands.

 
 
CountryAaland Islands
FlagAaland Islands
Country CodeAX
Domestic Currency Euro
Currency Symbol
Currency CodeEUR
Exchange RateUSD/EUR = 0.9263
Telephone Prefix+35818

Quick Conversions from US Dollar to Euro

USD

EUR

U$ 1
€ 0.9263
U$ 5
€ 4.6315
U$ 10
€ 9.2630
U$ 20
€ 18.53
U$ 50
€ 46.32
U$ 100
€ 92.63
U$ 250
€ 231.58
U$ 500
€ 463.15
U$ 1,000
€ 926.30
U$ 2,000
€ 1,853
U$ 5,000
€ 4,632
U$ 10,000
€ 9,263
U$ 50,000
€ 46,315
U$ 100,000
€ 92,630
More amounts

USD

EUR

U$ 1.0796
€ 1
U$ 5.3980
€ 5
U$ 10.80
€ 10
U$ 21.59
€ 20
U$ 53.98
€ 50
U$ 107.96
€ 100
U$ 269.90
€ 250
U$ 539.80
€ 500
U$ 1,080
€ 1,000
U$ 2,159
€ 2,000
U$ 5,398
€ 5,000
U$ 10,796
€ 10,000
U$ 53,980
€ 50,000
U$ 107,960
€ 100,000
More amounts

To calculate specific USD/EUR amounts use our Convert USD to EUR quick calculator. To read more about the latest exchange rate trends and to compare FX provider rates view USD to EUR Rate Guide.

Aaland Islands Currency Info

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.


Frequently Asked Questions


What currency should I use in the Aaland Islands?

The domestic currency in the Aaland Islands is the Euro.

What is the Euro currency code and symbol?

The three letter currency code for the Euro is EUR — symbol is .

How much is U$100 US Dollars in Euro?

U$ 100 converts to € 92.63

Which countries use the Euro?

It is the domestic currency in Eurozone, Aaland Islands, Andorra, Austria, Belgium, 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 Barthélemy, 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?


Euro (EUR) in the markets

The Euro spent 2019 on a downwards trajectory, starting the year with highs at US1.1550 but then slid all year until October where it bottomed out at US$1.09 on Oct 1, close to long-term lows. Since then it has climbed back up towards the average rate for the year of US1.12, perhaps due to the less uncertainty around Brexit.

Euro sentiment dipped in mid-June after the ECB, like other major central banks of the world, ramped up its dovish rhetoric. It said that there was “considerable room” for further quantitative easing and that it would consider negative interest rates. Ordinarily, this would spark an extended euro decline but since other major currencies are also wrestling with easier central bank policies, euro depreciation may be contained.

In spite of Brexit, a slowdown in economic growth, Italian risks and persistently weak inflation — an important measure of inflation expectations fell in June to a record low — the euro did fantastically well against the Australian dollar, New Zealand dollar.

For more details read the full article Euro Forecasts.

The interactive chart below shows the USD to EUR exchange rate and trend for the previous 3 months:

ALERT: 90-DAY HIGHS 🔔 |
USD/EUR at 0.9263 is trading 2.4% above the 90-day average 0.9046 with a range 0.8912 to 0.9263. ALERT: USD/EUR has risen to 90-DAY HIGHS.
18-Feb-2020 16:NY 21:LON 08:SYD+1d

Travel, Currency and Money saving tips for the Aaland Islands

Åland Archipelago is the sunniest spot in northern Europe and its sweeping white-sand beaches and flat, scenic cycling routes attract crowds of holidaymakers during summer. Yet outside the lively capital, Mariehamn, a sleepy haze hangs over the islands’ tiny villages: finding your own remote beach among the 6500 skerries (rocky islets) is surprisingly easy. A lattice of bridges and free cable ferries connects the central islands, while larger car ferries run to the archipelago’s outer reaches.

Aaland or Aland is the smallest of the three Nordic autonomous territories situated midway between Sweden and Finland. It is a bit of an anomaly as its officially part of the Republic of Finland, though it has a devolved government; people here speak Swedish; it flies its own flag; issues its own stamps; and uses its own web suffix: '.ax'. It also has a special relationship with the EU whereby it can sell duty free and construct its own gambling laws. The currency is the Euro though during peak tourism season swedish krona is usually accepted in stops and restaurants. Don't be too optimistic about the exchange rate for swedish krona as its typically not very good.

What currency to use in the Aaland Islands?

Just like in Finland, you can use your euros to pay in Åland. Prices can be compared to The Netherlands (where I live), though sometimes it’s a tiny bit more expensive. It’s a lot cheaper than Norway though.

How to get aroind the Aaland Islands?

Ro-No Rent has bicycles available near Mariehamn harbour. Many campgrounds and guest harbours also have bike hire. Green-and-white signs trace cycling routes through the islands. Routes generally follow smaller, less busy roads; dedicated bicycle paths run parallel to some main roads.

Three kinds of inter-island ferry serve the islands. For short trips, free vehicle ferries sail nonstop. There's also one private summer bicycle ferry running between Hammarland and Geta. For longer routes – namely to the outer islands – ferries run to a schedule, which is available on the Ålandstrafiken website. These ferries are generally free for foot passengers, but you must buy tickets for bicycles or cars.

Most visitors travel with the major ferry companies directly to Åland's mainland, but it's possible to use the scheduled inter-island ferries between Åland and mainland Finland via the northern and southern archipelagos. The northern route from Osnäs harbour, near Kustavi, 68km northwest of Turku, is via Brändö and Kumlinge. The southern route from Galtby harbour, Korpo, in the Turku Archipelago, is via the islands of Kökar and Föglö.

Travel tips for the Aaland Islands.

The official language of Åland is Swedish, both on the streets and in the official communication with the Finnish government. It’s an autonomous region with its own parliament, flag and anthem, but it’s still part of Finland. Because of it’s southern location, Åland has the warmest climate of all of Finland (it’s about two degrees warmer than Helsinki). During winter it’s cold, during summer it’s warm.

Because there’s so little traffic on the island, it’s a perfect place to go cycling. And you’ll see some stunning views with those lakes right next to the road. If you’re into more active cycling, then there’s a few good mountain bike trails you can go on.

 

Travel money for the Aaland Islands

Save money and time by Ordering your Euro online from Travelex, you get better rates and can pick up the EUR cash locally or even on travel day at the airport.

Another popular option is to use a Pre-paid Travel Card. Your Debit/Credit Card provider will charge you 2% from market mid-rate, but your bank may also charge an extra 3% as an “Overseas Transaction Charge” plus “Overseas ATM” fees for withdrawing cash.

For card purchases if offered a choice of currencies always select to Pay in Euro otherwise you may get much worst exchange rates.

 
Travel Money Providers Amount EUR(€)Exchange RateFee USDTotal CostDeal Links
Travelex Online US logo
839.70
Best Overall
0.83970^9.28%
U.S. Bank Foreign Currency
U.S. Bank logo
814.50
€25 less
0.8145012%
Banks - Average Rate
U.S. Bank logo Wells Fargo Bank logo
806.36
€33 less
0.8145U$1012.88%
Wells Fargo Bank logo
798.21
€41 less
0.8145U$2013.76%
 
Travelex Online US logo
Travelex Online US: Travel Money USD→EUR
From Amount (USD)U$1,000
Fee:$0 - No fees for Debit & Credit Cards
Exchange Rate:0.8397 (9.28% from mid-rate)
To Amount (EUR)839.70
Total Cost:9.28%
Time:
Rate Fetched: Tue Feb 18 2020 18:00:04 GMT+0000 (UTC)
Currency Services:FREE Home delivery & Branch pickup
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
 
U.S. Bank logo
U.S. Bank: Travel Money USD→EUR
From Amount (USD)U$1,000
Fee:0
Exchange Rate:0.8145 (12% from mid-rate)
To Amount (EUR)814.50
Total Cost:12%
Time:18:03 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 
Banks - Average Rate
Travel Money USD→EUR
From Amount (USD)U$1,000
Fee:U$10 USD (1%)
Exchange Rate:0.8099 (12.5% from mid-rate)
To Amount (EUR)806.36
Total Cost:12.88%
Currency Services:Branch
Delivery/Collect:-
 
Wells Fargo Bank logo
Wells Fargo Bank: Travel Money USD→EUR
From Amount (USD)U$1,000
Fee:U$20 USD (Minimum fee)
Exchange Rate:0.8145 (12% from mid-rate)
To Amount (EUR)798.21
Total Cost:13.76%
Time:18:03 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 
Snapshot 02/18/2020 - View latest rates

the Aaland Islands Trip Checklist    

 
  1. Compare EUR travel cash rates - probably why you are here!
  2. Lonely Planet - world's best travel guide (coupon and deals)

Sending money to the Aaland Islands

When searching around for information on how to get a good exchange rate when sending money to the Aaland Islands you need to start with finding out the latest Euro foreign-transfer exchange rate.

Then compare your bank's exchange rates to several licensed FX providers exchange rate and fees to see how much you can save (we make that calculation easy here).


Get a better deal for foreign transfers to the Aaland Islands

When sending money to the Aaland Islands 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 :

  1. Open an account with a BER reviewed FX provider (id docs may be required)
  2. You specify the local or Euro amount you want to transfer
  3. Make a local currency domestic transfer for the requested amount to the provider's bank account in your country
  4. Once your funds are received by the provider the converted EUR amount will be transfered to the recipient account you specify in the Aaland Islands.

Use our Send to Euro 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!

  

USD to EUR International Money Transfers

  

Foreign Transfer Providers Receive EUR(€)Exchange RateFee USDTotal CostDeal Links
OFX logo
9,182
Best Overall
0.91820^0.8%
XE logo
9,140
€42 less
0.91401.25%
TransferWise logo
9,199.84
€18 more
0.9247U$510.61%
Wells Fargo Bank logo
8,908.94
€273 less
0.8925183.75%
HSBC logo
8,902.63
€279 less
0.8916U$153.82%
Banks - Average Rate
Bank of America logo U.S. Bank logo Wells Fargo Bank logo HSBC logo
8,848
€334 less
0.8900154.41%
Bank of America International Money Transfers
Bank of America logo
8,790.21
€392 less
0.8879U$1005.03%
U.S. Bank International Money Transfers
U.S. Bank logo
8,790.21
€392 less
0.8879U$1005.03%
 
OFX logo
OFX: Foreign Transfer USD→EUR
From Amount (USD)U$10,000
Fee:0^ - No fees for BestExchangeRates users (normally $12 for smaller transfers)
Exchange Rate:0.9182 (0.8% from mid-rate)
To Amount (EUR)9,182
Total Cost:0.8%
Time:
Rate Fetched: 18:03 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 
XE logo
XE: Foreign Transfer USD→EUR
From Amount (USD)U$10,000
Fee:
Exchange Rate:0.9140 (1.25% from mid-rate)
To Amount (EUR)9,140
Total Cost:1.25%
Difference:
€42 EUR less than using OFX
Time:18:03 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 3.5/5.0
Reviews:
 
TransferWise logo
TransferWise: Foreign Transfer USD→EUR
From Amount (USD)U$10,000
Fee:U$51 USD (0.5% + U$1)
Exchange Rate:0.9247 (0.1% from mid-rate)
To Amount (EUR)9,199.84
Total Cost:0.61%
Difference:
€18 EUR more than using OFX
Time:18:03 Local
Transfer Speed:0-2 days
Services:Bank Transfers - Online, Foreign Currency Accounts + Multi-currency debit card
Rating:
 
: 4.6/5.0
Reviews:
 
Wells Fargo Bank logo
Wells Fargo Bank: Foreign Transfer USD→EUR
From Amount (USD)U$10,000
Fee:18
Exchange Rate:0.8925 (3.58% from mid-rate)
To Amount (EUR)8,908.94
Total Cost:3.75%
Difference:
€273 EUR less than using OFX
Time:18:03 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
HSBC logo
HSBC: Foreign Transfer USD→EUR
From Amount (USD)U$10,000
Fee:U$15 USD (.15%)
Exchange Rate:0.8916 (3.67% from mid-rate)
To Amount (EUR)8,902.63
Total Cost:3.82%
Difference:
€279 EUR less than using OFX
Time:18:03 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Banks - Average Rate
Foreign Transfer USD→EUR
From Amount (USD)U$10,000
Fee:15
Exchange Rate:0.8861 (4.27% from mid-rate)
To Amount (EUR)8,848
Total Cost:4.41%
Difference:
€334 EUR less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 
Bank of America logo
Bank of America: Foreign Transfer USD→EUR
From Amount (USD)U$10,000
Fee:U$100 USD (1%)
Exchange Rate:0.8879 (4.07% from mid-rate)
To Amount (EUR)8,790.21
Total Cost:5.03%
Difference:
€392 EUR less than using OFX
Time:18:03 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
U.S. Bank logo
U.S. Bank: Foreign Transfer USD→EUR
From Amount (USD)U$10,000
Fee:U$100 USD (1%)
Exchange Rate:0.8879 (4.07% from mid-rate)
To Amount (EUR)8,790.21
Total Cost:5.03%
Difference:
€392 EUR less than using OFX
Time:18:03 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Snapshot 02/18/2020 - View latest rates

Euro to US Dollar - Historical Rates

PeriodChange*EUR/USDDate
1 Day-0.4%1.083917 Feb 2020
7 Day-1.1%1.091911 Feb 2020
30 Day-2.7%1.109519 Jan 2020
3 Month-2.5%1.107820 Nov 2019
1 Year-4.6%1.131218 Feb 2019
5 Year-5%1.136619 Feb 2015
10 Year-20.4%1.356420 Feb 2010

*For period to 18-Feb 21UTC when EUR/USD was 1.0797

Euro to Pound Sterling - 10 Year History

PeriodChange*EUR/GBPDate
1 Day-0.3%0.833417 Feb 2020
7 Day-1.4%0.842611 Feb 2020
30 Day-2.6%0.853019 Jan 2020
3 Month-3.1%0.857020 Nov 2019
1 Year-5.1%0.875318 Feb 2019
5 Year+12.6%0.737319 Feb 2015
10 Year-5.5%0.878920 Feb 2010

*For period to 18-Feb 21UTC when EUR/GBP was 0.8305

Euro to Australian Dollar - Historical Rates

PeriodChange*EUR/AUDDate
1 Day-0.1%1.615417 Feb 2020
7 Day-0.7%1.625311 Feb 2020
30 Day+0.1%1.612319 Jan 2020
3 Month-0.9%1.629620 Nov 2019
1 Year+1.8%1.586118 Feb 2019
5 Year+10.7%1.458419 Feb 2015
10 Year+6.5%1.515820 Feb 2010

*For period to 18-Feb 21UTC when EUR/AUD was 1.6142


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