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Foreign Exchange Guide to Belgium

This currency guide to Belgium helps you choose the best way to save money on EUR transfers and travel money.    [HKD/EUR=0.1155]

 
Belgium
Country Code:
BE
Domestic Currency:
Euro
Symbol - Code:
€ EUR
Telephone Prefix:
+32

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


In this Belgium 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 Belgium - currency & money saving tips
  4. Buying Euro cash online - travel money for Belgium
  5. Sending money to Belgium - save on Euro bank transfers to Belgium
  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

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 and British pound between mid-April and mid-June. Due to a stronger US dollar, EUR/USD was down 2 percent on the year at $1.12, close to long-term lows.

For more details read the full article Euro Forecasts.

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

90-DAY TREND: At 0.1155 HKD/EUR is trading near the average 0.1156 with a range 0.1141 to 0.1171. There are no current alerts.
Update: 06-Dec 16:03-EST 21:03-GMT 08:03-AEDT(+1D)

Travel, Currency and Money saving tips for Belgium

 

Belgium is considered a world leader in financial services and has the highest rate of card payments in the world. In some countries cheques have been phased out, but like in Ireland and France, they are still a common means of payment in Belgium. It is a small but densely populated country with a population of around 11 million.

Travel within Belgium is convenient as it has a well-developed road, air, rail and water networks that are easy to access. Due to its location between France and the Netherlands there are two main languages spoken in Belgium, Dutch and French. You can save a bit of money on getting around by buying a Metro pass, called a MOBIB Basic Card, which can charge up to 50% less than buying a one use ticket.

 

Travel money for Belgium

 

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.

   

Belgium Trip Checklist    

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

Sending money to Belgium

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

When sending money to Belgium 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 Belgium.

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!

 
  

HKD to EUR International Money Transfers

  

Foreign Transfer ProvidersReceive EUR(€)Exchange RateFee HKDTotal CostDeal Links
WorldFirst logo
5,7450.114900.52%
OFX logo
5,6200.11240 for BER users (normally $15)2.68%
DBS Bank logo
5,564.430.1114503.65%
Banks - Average Rate
DBS Bank logo Citibank logo HSBC logo
5,5030.1102554.71%
HSBC logo
5,486.210.1099HK$805%
Citibank International Money Transfers
Citibank logo
5,458.690.1092125.48%
WorldRemit logo
Your amount above the WorldRemit HKD2000 maximum
 

WorldFirst logo

WorldFirst: Foreign Transfer HKD→EUR
From Amount (HKD)HK$50,000
Fee:
Exchange Rate:0.1149 (0.52% from mid-rate)
To Amount (EUR)5,745
Total Cost:0.52%
Time:1:06 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.6/5.0
Reviews:
 

OFX logo

OFX: Foreign Transfer HKD→EUR
From Amount (HKD)HK$50,000
Fee:0 for BER users (normally $15)
Exchange Rate:0.1124 (2.68% from mid-rate)
To Amount (EUR)5,620
Total Cost:2.68%
Difference:
€125 EUR less than using WorldFirst
Time:
Rate Fetched: Sun Dec 08 2019 00:16:09 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 

DBS Bank logo

DBS Bank: Foreign Transfer HKD→EUR
From Amount (HKD)HK$50,000
Fee:50
Exchange Rate:0.1114 (3.55% from mid-rate)
To Amount (EUR)5,564.43
Total Cost:3.65%
Difference:
€181 EUR less than using WorldFirst
Time:1:06 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Foreign Transfer HKD→EUR
From Amount (HKD)HK$50,000
Fee:55
Exchange Rate:0.1105 (4.33% from mid-rate)
To Amount (EUR)5,503
Total Cost:4.71%
Difference:
€242 EUR less than using WorldFirst
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 

HSBC logo

HSBC: Foreign Transfer HKD→EUR
From Amount (HKD)HK$50,000
Fee:HK$80 HKD (Minimum fee)
Exchange Rate:0.1099 (4.85% from mid-rate)
To Amount (EUR)5,486.21
Total Cost:5%
Difference:
€259 EUR less than using WorldFirst
Time:1:06 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Citibank logo

Citibank: Foreign Transfer HKD→EUR
From Amount (HKD)HK$50,000
Fee:12
Exchange Rate:0.1092 (5.45% from mid-rate)
To Amount (EUR)5,458.69
Total Cost:5.48%
Difference:
€286 EUR less than using WorldFirst
Time:1:06 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

WorldRemit logo

WorldRemit: Foreign Transfer HKD→EUR
From Amount (HKD)HK$50,000
Fee:
Transfer Speed:1 day
Services:Bank Transfers & Cash Pickup - Online only
Rating:
 
: 4.5/5.0
Reviews:
 
Snapshot 12/08/2019 - See full table
 

EUR/USD - Euro to United States Dollar - Historical Rates

PeriodChange*EUR/USDDate
1 Day-0.4%1.110405 Dec 2019
7 Day+0.4%1.101829 Nov 2019
30 Day-0.1%1.107006 Nov 2019
3 Month-0.6%1.112707 Sep 2019
1 Year-2.8%1.137706 Dec 2018
5 Year-10.3%1.232307 Dec 2014
10 Year-25%1.474608 Dec 2009

*For period to 06-Dec 21UTC when EUR/USD was 1.1058

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

PeriodChange*EUR/GBPDate
1 Day-0.2%0.843905 Dec 2019
7 Day-1.2%0.852329 Nov 2019
30 Day-2.2%0.861106 Nov 2019
3 Month-7%0.905707 Sep 2019
1 Year-5.4%0.890206 Dec 2018
5 Year+6.5%0.790307 Dec 2014
10 Year-6.9%0.904108 Dec 2009

*For period to 06-Dec 21UTC when EUR/GBP was 0.8420

EUR/AUD - Euro to Australian Dollar - Historical Rates

PeriodChange*EUR/AUDDate
1 Day-0.5%1.625205 Dec 2019
7 Day-0.8%1.630029 Nov 2019
30 Day+0.5%1.609806 Nov 2019
3 Month-0.4%1.624807 Sep 2019
1 Year+2.8%1.572806 Dec 2018
5 Year+9.5%1.477507 Dec 2014
10 Year-0.5%1.625408 Dec 2009

*For period to 06-Dec 21UTC when EUR/AUD was 1.6175

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