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Foreign Exchange Guide to Estonia

Read this currency guide to Estonia with money transfer and travel tips.   [USD/EUR=0.8824]

Estonia
Country Code:
EE
Domestic Currency:
Euro
Symbol - Code:
€ EUR
Telephone Prefix:
+372

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


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

The euro is heading higher, experts said in November.

Increasingly, complications over Brexit are seen to be a UK problem; less so for the euro area.

With this in mind, and despite disappointing economic data of late, Citibank is confident of a long-term move in EUR/USD to $1.3, from $1.139 at the time of this report (November-21). “Underpinned by the less accommodative policies of the ECB,” the euro will most likely achieve this target, which represents a 14 percent gain, before the end of 2019, Citi has said.

Relative to the pound, the euro had recovered in the days leading up to this report into the £0.89s, from the mid-£0.86s. With political turmoil in the UK, there is room for the exchange rate to reach £0.92 in the months ahead, a Nordea Markets analyst believes. A return to £0.92 would take EUR/GBP back to levels not seen since September 2017.

For EUR/CHF, which averaged Fr1.137 in the weeks leading up to this report, a 5.5 percent rise to Fr1.2 is due sometime within the next 6-12 months, per analysts at Danske Bank.

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 Estonia

 

Travelling to the coastal country of Estonia in North Eastern Europe is simple and quick as its well connected by air, ferry, coach and rail with Scandinavia, Russia, Eastern and Central Europe. it's also a member of the Schengen area which means you do not need an additional visa if you are travelling from a fellow Schengen member country. In addition, Australians, Canadians, Americans, EU and and EEA nationals amongst more countries do not require visas. The official language is Estonian, with English also being widely spoken. There is free wifi everywhere in this tech savvy country including on buses and trains so staying connected and arranging your travel itinerary should be a breeze. Since joining the eurozone in 2004, the local currency has been the Euro and ATMs and credit cards are widely available and accepted. There are many little known cool facts about Estonia which make it a wonderful place to visit such as: Estonia's capital, Tallinn, is a UNESCO world heritage capital city and considered to be the best preserved medieval city in Northern Europe; 50% of Estonia is forest inhabited by lynxes, brown bears, wolves, foxes, rabbits and deer; it's also one of the least densely populated countries in Europe, making it a great option for a city break destination if you're looking for some good quality solitude, rest and relaxation.

 

Travel money for Estonia

 

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 - Exchange Rate Comparison

Travel Money Providers
Ratings & Reviews
Amount EUR(€)Exchange RateFee USDTotal CostCurrency ServicesDelivery SpeedDeal Links
Wells Fargo Bank logo
824.96 EUR
Value & Rating
0.8418$206.37%Branch-
Banks - Average Rate
U.S. Bank logo Wells Fargo Bank logo
824.88 EUR
€0.08 less
0.8333$106.38%Branch-
U.S. Bank
U.S. Bank logo
824.80 EUR
€0.16 less
0.824806.39%Branch-
 
Travelex Online US logo
822.70 EUR
€2.26 less
0.82270^6.63%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:0.8418 (4.46% from mid-rate)
EUR amount:824.96 EUR
Total Cost:6.37%
Time:12:07 Local
Currency Services:Branch
Delivery Speed:-
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:0.7710 (12.5% from mid-rate)
EUR amount:824.88 EUR
Total Cost:6.38%
Currency Services:Branch
Delivery Speed:-
U.S. Bank: Travel Money USD→EUR
USD amount:$1,000 USD
Fee:0
Exchange Rate:0.8248 (6.39% from mid-rate)
EUR amount:824.80 EUR
Total Cost:6.39%
Time:12:07 Local
Currency Services:Branch
Delivery Speed:-
Rating:
: /5.0
Reviews:
Travelex Online US: Travel Money USD→EUR
USD amount:$1,000 USD
Fee:$0 - No fees for Debit & Credit Cards
Exchange Rate:0.8227 (6.63% from mid-rate)
EUR amount:822.70 EUR
Total Cost:6.63%
Time:
Rate Fetched: Mon Dec 17 2018 10:00:04 GMT+0000 (UTC)
Currency Services:Online order, Branch pickup, Home delivery
Delivery Speed:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
 
Sending a LARGER foreign transfer? Shop-around with multiple providers: Get Quotes
Rates @ 12/17/2018.
Total Cost = Fee + exchange rate margin vs USD/EUR mid-rate: 0.8811
 

Estonia Trip Checklist    

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

Sending money to Estonia

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

When sending money to Estonia 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 Estonia.

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 Transfers - Exchange Rate Comparison

Foreign Transfer Providers
Ratings & Reviews
Amount EUR(€)Exchange RateFee USDTotal CostTransfer ServicesTransfer SpeedDeal Links
 
OFX logo
8,733 EUR
Value & Rating
0.87330^0.89%Bank Transfers - Online & Phone1-2 days
 
WorldFirst logo
8,729 EUR
€4 less
0.872900.93%Bank Transfers - Online & Phone1-2 days
Wells Fargo Bank logo
8,551.58 EUR
€181 less
0.8567182.94%Online, Branch, Bank Transfers2-3 days
HSBC logo
8,545.16 EUR
€188 less
0.8558$153.02%Online, Branch, Bank Transfers2-3 days
Banks - Average Rate
Bank of America logo U.S. Bank logo Wells Fargo Bank logo HSBC logo
8,493 EUR
€240 less
0.8543153.61%Online, Branch, Bank Transfers2-3 days
Bank of America
Bank of America logo
8,437.77 EUR
€295 less
0.8523$1004.24%Online, Branch, Bank Transfers2-3 days
U.S. Bank
U.S. Bank logo
8,437.77 EUR
€295 less
0.8523$1004.24%Online, Branch, Bank Transfers2-3 days
 
OFX: Foreign Transfer USD→EUR
USD amount:$10,000 USD
Fee:0^ - No fees for BestExchangeRates users (normally $12 for smaller transfers)
Exchange Rate:0.8733 (0.89% from mid-rate)
EUR amount:8,733 EUR
Total Cost:0.89%
Time:
Rate Fetched: Mon Dec 17 2018 10:02:26 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 4.8/5.0
Reviews:
WorldFirst: Foreign Transfer USD→EUR
USD amount:$10,000 USD
Fee:
Exchange Rate:0.8729 (0.93% from mid-rate)
EUR amount:8,729 EUR
Total Cost:0.93%
Difference:
€4 less than using OFX
Time:12:07 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 4.6/5.0
Reviews:
Wells Fargo Bank: Foreign Transfer USD→EUR
USD amount:$10,000 USD
Fee:18
Exchange Rate:0.8567 (2.77% from mid-rate)
EUR amount:8,551.58 EUR
Total Cost:2.94%
Difference:
€181 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:0.8558 (2.87% from mid-rate)
EUR amount:8,545.16 EUR
Total Cost:3.02%
Difference:
€188 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:0.8506 (3.46% from mid-rate)
EUR amount:8,493 EUR
Total Cost:3.61%
Difference:
€240 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:0.8523 (3.27% from mid-rate)
EUR amount:8,437.77 EUR
Total Cost:4.24%
Difference:
€295 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:0.8523 (3.27% from mid-rate)
EUR amount:8,437.77 EUR
Total Cost:4.24%
Difference:
€295 less than using OFX
Time:12:07 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Sending a LARGER foreign transfer? Shop-around with multiple providers: Get Quotes
Rates @ 12/17/2018.
Total Cost = Fee + exchange rate margin vs USD/EUR mid-rate: 0.8811
 

Popular EUR cross rates


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

DateExchange RatePeriodChange
16 Dec 20181.1310Latest
09 Dec 20181.14001 Week-0.79%
16 Nov 20181.14211 Month-0.97%
19 Jun 20181.15886 Months-2.4%
16 Dec 20171.17561 Year-3.79%
16 Dec 20161.04332 Years+8.41%
17 Dec 20131.37715 Years-17.87%
18 Dec 20081.434110 Years-21.14%

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

DateExchange RatePeriodChange
16 Dec 20180.8984Latest
09 Dec 20180.89631 Week+0.23%
16 Nov 20180.88951 Month+1%
19 Jun 20180.87976 Months+2.13%
16 Dec 20170.88241 Year+1.81%
16 Dec 20160.83642 Years+7.41%
17 Dec 20130.84645 Years+6.14%
18 Dec 20080.944910 Years-4.92%

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

DateExchange RatePeriodChange
16 Dec 2018128.2940Latest
09 Dec 2018128.26521 Week+0.02%
16 Nov 2018128.86371 Month-0.44%
19 Jun 2018127.57256 Months+0.57%
16 Dec 2017132.35721 Year-3.07%
16 Dec 2016123.04582 Years+4.27%
17 Dec 2013141.40405 Years-9.27%
18 Dec 2008127.813210 Years+0.38%

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

DateExchange RatePeriodChange
16 Dec 20181.5745Latest
09 Dec 20181.58751 Week-0.82%
16 Nov 20181.55721 Month+1.11%
19 Jun 20181.56826 Months+0.4%
16 Dec 20171.53741 Year+2.41%
16 Dec 20161.42692 Years+10.34%
17 Dec 20131.54675 Years+1.8%
18 Dec 20082.063910 Years-23.71%

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

DateExchange RatePeriodChange
16 Dec 20181.5137Latest
09 Dec 20181.51961 Week-0.39%
16 Nov 20181.50161 Month+0.81%
19 Jun 20181.53876 Months-1.62%
16 Dec 20171.51271 Year+0.07%
16 Dec 20161.39202 Years+8.74%
17 Dec 20131.45965 Years+3.71%
18 Dec 20081.715310 Years-11.75%

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