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Foreign Exchange Guide to Austria

Read this currency guide to Austria with money transfer and travel tips.   [USD/EUR=0.8821]

 
Austria
Country Code:
AT
Domestic Currency:
Euro
Symbol - Code:
€ EUR
Telephone Prefix:
+43

This is a foreign exchange guide to Austria, the Euro currency plus EUR transfers and travel tips.


In this Austria currency guide we take a look at :

  1. Euro info - general info about the Euro
  2. Euro in the markets - recent EUR moves and predictions from the FX markets
  3. Travelling in Austria - currency & money saving tips
  4. Buying Euro cash online - travel money for Austria
  5. Sending money to Austria - save on Euro bank transfers to Austria
  6. Euro exchange rates - latest & historic exchange rates.
  7. EUR News - the latest Euro related articles from our blog.

Euro (EUR) general currency information


What is the Euro currency code and symbol?

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


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.

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.


Euro (EUR) in the markets

13-February-19: 2018 was a mixed year for the euro. A 5 percent loss versus the US dollar was offset by a 6 percent gain versus the Australian dollar and small gains against other majors.

Since November, the euro has been remarkably stable against the US dollar, against which it has traded for the most part between $1.125 and $1.15. The euro was quoted towards the low of this range at $1.128 at the time of writing, down 1.5 percent year-to-date.

At the time of writing, euro-pound was 2.5 percent lower on the year at £0.876. Most price action since September has been between £0.865 and £0.91.

The euro is understandably under pressure in early 2019 ahead of Brexit, which more than ever is a source of uncertainty, and on increasing recession risks — Italy slid into recession in February and Germany barely escaped one in the October-December period.

The main euro-supporting factor this year would be an interest rate hike by the ECB, although this is up in the air considering the aforementioned risks.

Forecasts: In February, the head of strategy at BMO Capital Markets predicted a decline in EUR/USD to 1.11 by the end of April. Experts at Natwest predicted a slide in EUR/GBP to £0.85 by mid-year.

The interactive chart below shows the USD to EUR exchange rate for the previous 3 months with rate alerts for days when the exchange rate moved up or down significantly or for 30 day highs and lows.


USD-EUR 3 Month chart
USD-EUR 3 Month chart
USDEUR currency converter

Travel, Currency and Money saving tips for Austria

 

Small, landlocked Austria offers alpine scenery, world-class museums, cobbled quaintness, and Wiener schnitzel. Austria is content to bask in its good living and elegant, opulent past as the former head of one of Europe's grandest empires. Austrians tend to be relaxed, gregarious people who love the outdoors as much as a good cup of coffee in a café.The capital city of Austria is Vienna has a population of around 1.7 million and is rich with swirling architecture and world-class museums; impressive Habsburg sights . Austria has a very high standard of living and is one of the richest countries in the world.

Travel tips for Austria?

The majority of the population speak local Bavarian dialects of German as their native language, and Austrian German in its standard form is the country's official language. Most Austrians speak basic English as it is taught in school. But that is not to say that you shouldn’t put in a little effort to learn some basic words in German, such as Thank You (Danke), Please (Bitte) or Hello (Hallo! / Grüss Gott).

Getting around Austria is not a problem as the local transport infrastructure is very good and inexpensive. Austrians really take their day of rest seriously and the majority of businesses are closed on Sundays. Austria is located in the Alps and is a largely mountainous country. For skiers Austria now represents better value for money than the French Alps, everything from basic holiday costs to lift pass, ski school, eating out and partying usually costs less. Austrians strictly observe traffic regulations which means no jaywalking even if there are no cars in sight. Follow the traffic regulations or you might end up paying a pretty hefty fine if a cop sees you.

Are credit cards widely accepted in Austria?

Visa and MasterCard (EuroCard) are accepted a little more widely than American Express (Amex) and Diners Club, although a surprising number of shops and restaurants refuse to accept any credit cards at all. Upmarket shops, hotels and restaurants will accept cards, though. Train tickets can be bought by credit card in main stations. Credit cards allow you to get cash advances on ATMs and over-the-counter at most banks.

How do I get around Austria?

Flying within a country the size of Austria is rarely necessary. The main exception is to and from Innsbruck which is in the far west of Austria. Austrian Airlines (www.austrian.com) The national carrier offers several flights daily between Vienna and Graz, Innsbruck, Klagenfurt, Linz and Salzburg.

Rail routes are often complemented by Postbus services, which really come into their own in the more inaccessible mountainous regions. Buses are fairly reliable, and usually depart from outside train stations. In remote regions plan a day or two ahead and travel on a weekday; services are reduced or nonexistent on Saturday, and often nonexistent on Sunday. Pay attention to timetables on school buses in remote regions.

Austria’s local transport infrastructure is excellent, inexpensive and safe.

Buses & Trams Bus services operate in most cities and are complemented by a few night-bus lines. Tram and bus services in most places run from about 5am to 11pm or midnight. You usually need to press the stop-request button, even in trams. Metro In Vienna, the metro runs all night on Friday and Saturday nights. From Sunday night to Thursday night it stops around midnight or 12.30am. No other towns have metro systems.

The Danube cycling trail is like a Holy Grail for cyclists, following the entire length of the river in Austria between the borders with Germany and Slovakia. The Tauern Radweg is a 310 km trail through the mountain landscapes of Hohe Tauern National Park.

 

Travel money for Austria

 

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
Ratings & Reviews
Amount EUR(€)Exchange RateFee USDTotal CostCurrency ServicesDelivery/CollectDeal Links
Wells Fargo Bank logo
825.75 EUR
0.8426$206.38%Branch-
U.S. Bank Foreign Currency
U.S. Bank logo
825.60 EUR
0.15 EUR less
0.825606.39%Branch-
Banks - Average Rate
U.S. Bank logo Wells Fargo Bank logo
825.68 EUR
0.07 EUR less
0.8341$106.39%Branch-
 
Travelex Online US logo
818.80 EUR
6.95 EUR less
0.81880^7.17%Online order, Branch pickup, Home delivery2-3 days
Wells Fargo Bank: Travel Money USD→EUR
USD amount:$1,000 USD
Fee:$20 USD (Minimum fee)
Exchange Rate:0.8426 (4.47% from mid-rate)
EUR amount:825.75 EUR
Total Cost:6.38%
Time:12:07 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
U.S. Bank: Travel Money USD→EUR
USD amount:$1,000 USD
Fee:0
Exchange Rate:0.8256 (6.39% from mid-rate)
EUR amount:825.60 EUR
Total Cost:6.39%
Time:12:07 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 

Banks - Average Rate
U.S. Bank logo Wells Fargo Bank logo

Travel Money USD→EUR
USD amount:$1,000 USD
Fee:$10 USD (1%)
Exchange Rate:0.7718 (12.49% from mid-rate)
EUR amount:825.68 EUR
Total Cost:6.39%
Currency Services:Branch
Delivery/Collect:-
Travelex Online US: Travel Money USD→EUR
USD amount:$1,000 USD
Fee:$0 - No fees for Debit & Credit Cards
Exchange Rate:0.8188 (7.17% from mid-rate)
EUR amount:818.80 EUR
Total Cost:7.17%
Time:
Rate Fetched: Fri Feb 22 2019 10:00:04 GMT+0000 (UTC)
Currency Services:Online order, Branch pickup, Home delivery
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
 
Sending a LARGER foreign transfer? Shop-around with multiple providers: Get Quotes
Note we do not compare every single provider in the market, we compare a selection of established, reputable foreign exchange providers & banks who are regulated in the US as licensed money transmitters. We may receive referral fees if you choose one of these providers however this will not affect the exchange rates or fees you are charged.
Rate snapshot: 02/22/2019
 

Austria Trip Checklist    

 
  1. Compare EUR travel cash rates - probably why you are here!
  2. Search Hotel deals - Save on your accomodation in Austria
  3. Lonely Planet - world's best travel guide (coupon and deals)

Sending money to Austria

When searching around for information on how to get a good exchange rate when sending money to Austria 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 Austria

When sending money to Austria 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 Austria.

Use our Send to EUR 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!

 
Foreign Transfer Providers
Ratings & Reviews
Receive EUR(€)Exchange RateFee USDTotal CostTransfer ServicesTransfer SpeedDeal Links
 
OFX logo
8,725 EUR
Best Overall
0.87250^1.08%Bank Transfers - Online & Phone1-2 days
 
TransferWise logo
8,775.02 EUR
50 EUR more
0.882$510.51%Bank Transfers - Online1-2 days
Wells Fargo Bank logo
8,543.59 EUR
181 EUR less
0.8559183.13%Online, Branch, Bank Transfers2-3 days
HSBC logo
8,538.17 EUR
187 EUR less
0.8551$153.2%Online, Branch, Bank Transfers2-3 days
Banks - Average Rate
Bank of America logo U.S. Bank logo Wells Fargo Bank logo HSBC logo
8,486 EUR
239 EUR less
0.8536153.79%Online, Branch, Bank Transfers2-3 days
Bank of America International Money Transfers
Bank of America logo
8,430.84 EUR
294 EUR less
0.8516$1004.41%Online, Branch, Bank Transfers2-3 days
U.S. Bank International Money Transfers
U.S. Bank logo
8,430.84 EUR
294 EUR less
0.8516$1004.41%Online, Branch, Bank Transfers2-3 days
 
Xoom logo
Your amount above the Xoom USD2999 maximum
NaN EUR less
 
WorldRemit logo
Your amount above the WorldRemit USD2000 maximum
NaN EUR less
 
OFX: Foreign Transfer USD→EUR
USD amount:$10,000 USD
Fee:0^ - No fees for BestExchangeRates users (normally $12 for smaller transfers)
Exchange Rate:0.8725 (1.08% from mid-rate)
EUR amount:8,725 EUR
Total Cost:1.08%
Time:
Rate Fetched: Fri Feb 22 2019 10:02:21 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 4.8/5.0
Reviews:
TransferWise: Foreign Transfer USD→EUR
USD amount:$10,000 USD
Fee:$51 USD (0.5% + $1)
Exchange Rate:0.8820 undefined
EUR amount:8,775.02 EUR
Total Cost:0.51%
Difference:
50 EUR more than using OFX
Time:12:07 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online
Rating:
 
: 4.6/5.0
Reviews:
Wells Fargo Bank: Foreign Transfer USD→EUR
USD amount:$10,000 USD
Fee:18
Exchange Rate:0.8559 (2.96% from mid-rate)
EUR amount:8,543.59 EUR
Total Cost:3.13%
Difference:
181 EUR less than using OFX
Time:12:07 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
HSBC: Foreign Transfer USD→EUR
USD amount:$10,000 USD
Fee:$15 USD (.15%)
Exchange Rate:0.8551 (3.05% from mid-rate)
EUR amount:8,538.17 EUR
Total Cost:3.2%
Difference:
187 EUR less than using OFX
Time:12:07 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Banks - Average Rate
Bank of America logo U.S. Bank logo Wells Fargo Bank logo HSBC logo

Foreign Transfer USD→EUR
USD amount:$10,000 USD
Fee:15
Exchange Rate:0.8498 (3.65% from mid-rate)
EUR amount:8,486 EUR
Total Cost:3.79%
Difference:
239 EUR less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Bank of America: Foreign Transfer USD→EUR
USD amount:$10,000 USD
Fee:$100 USD (1%)
Exchange Rate:0.8516 (3.45% from mid-rate)
EUR amount:8,430.84 EUR
Total Cost:4.41%
Difference:
294 EUR less than using OFX
Time:12:07 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
U.S. Bank: Foreign Transfer USD→EUR
USD amount:$10,000 USD
Fee:$100 USD (1%)
Exchange Rate:0.8516 (3.45% from mid-rate)
EUR amount:8,430.84 EUR
Total Cost:4.41%
Difference:
294 EUR less than using OFX
Time:12:07 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
Xoom: Foreign Transfer USD→EUR
USD amount:$10,000 USD
Fee:
Transfer Speed:
Services:
Rating:
 
: 4.2/5.0
Reviews:
WorldRemit: Foreign Transfer USD→EUR
USD amount:$10,000 USD
Fee:
Transfer Speed:1 day
Services:Bank Transfers & Cash Pickup - Online only
Rating:
 
: 4.5/5.0
Reviews:
 
Sending a LARGER foreign transfer? Shop-around with multiple providers: Get Quotes
Note we do not compare every single provider in the market, we compare a selection of established, reputable foreign exchange providers & banks who are regulated in the US as licensed money transmitters. We may receive referral fees if you choose one of these providers however this will not affect the exchange rates or fees you are charged.
Rate snapshot: 02/22/2019
 

Popular EUR cross rates


EUR/USD - Euro to United States Dollar - 10 Year History

DateExchange RatePeriodChange
22 Feb 20191.1341Latest
15 Feb 20191.12971 Week+0.39%
23 Jan 20191.13871 Month-0.4%
26 Aug 20181.16456 Months-2.61%
22 Feb 20181.23271 Year-8%
22 Feb 20171.05512 Years+7.49%
23 Feb 20141.37385 Years-17.45%
24 Feb 20091.280110 Years-11.41%

EUR/GBP - Euro to British Pound Sterling - 10 Year History

DateExchange RatePeriodChange
22 Feb 20190.8686Latest
15 Feb 20190.87621 Week-0.87%
23 Jan 20190.87041 Month-0.21%
26 Aug 20180.90566 Months-4.09%
22 Feb 20180.88361 Year-1.7%
22 Feb 20170.84732 Years+2.51%
23 Feb 20140.82605 Years+5.16%
24 Feb 20090.884210 Years-1.76%

EUR/JPY - Euro to Japanese Yen - 10 Year History

DateExchange RatePeriodChange
22 Feb 2019125.5422Latest
15 Feb 2019124.82041 Week+0.58%
23 Jan 2019124.68241 Month+0.69%
26 Aug 2018129.60246 Months-3.13%
22 Feb 2018131.69501 Year-4.67%
22 Feb 2017119.66562 Years+4.91%
23 Feb 2014140.86795 Years-10.88%
24 Feb 2009123.451510 Years+1.69%

EUR/AUD - Euro to Australian Dollar - 10 Year History

DateExchange RatePeriodChange
22 Feb 20191.5887Latest
15 Feb 20191.58081 Week+0.5%
23 Jan 20191.59321 Month-0.28%
26 Aug 20181.58606 Months+0.17%
22 Feb 20181.57261 Year+1.02%
22 Feb 20171.37102 Years+15.88%
23 Feb 20141.53225 Years+3.69%
24 Feb 20091.981010 Years-19.8%

EUR/CAD - Euro to Canadian Dollar - 10 Year History

DateExchange RatePeriodChange
22 Feb 20191.4953Latest
15 Feb 20191.49631 Week-0.07%
23 Jan 20191.51951 Month-1.59%
26 Aug 20181.51516 Months-1.31%
22 Feb 20181.56731 Year-4.59%
22 Feb 20171.38902 Years+7.65%
23 Feb 20141.52605 Years-2.01%
24 Feb 20091.596610 Years-6.34%

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