Foreign Exchange Guide to Estonia

This currency guide to Estonia helps you choose the best way to save money on EUR transfers and travel money.    [HKD/EUR=0.1167]

 
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 sending 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 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 HKD to EUR exchange rate and trend for the previous 3 months:

HKD/EUR at 0.1166 is trading 1% above the 90-day average 0.1154 with a range 0.1141 to 0.1167. There are no current rate alerts.
24-Jan-2020 16:NY 21:LON 08:SYD+1d

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.

   

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!

 
  

HKD to EUR International Money Transfers

  

Foreign Transfer ProvidersReceive EUR(€)Exchange RateFee HKDTotal CostDeal Links
WorldFirst logo
5,7900.115800.52%
OFX logo
5,6950.11390 for BER users (normally $15)2.15%
DBS Bank logo
5,634.360.1128503.19%
Banks - Average Rate
DBS Bank logo Citibank logo HSBC logo
5,5730.1116554.24%
HSBC logo
5,556.10.1113HK$804.53%
Citibank International Money Transfers
Citibank logo
5,528.670.1106125.01%
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:0.1158 (0.52% from mid-rate)
To Amount (EUR)5,790
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:0.1139 (2.15% from mid-rate)
To Amount (EUR)5,695
Total Cost:2.15%
Difference:
€95 EUR less than using WorldFirst
Time:
Rate Fetched: Fri Jan 24 2020 00:16:12 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:0.1128 (3.09% from mid-rate)
To Amount (EUR)5,634.36
Total Cost:3.19%
Difference:
€156 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:0.1119 (3.87% from mid-rate)
To Amount (EUR)5,573
Total Cost:4.24%
Difference:
€217 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:0.1113 (4.38% from mid-rate)
To Amount (EUR)5,556.1
Total Cost:4.53%
Difference:
€234 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:0.1106 (4.98% from mid-rate)
To Amount (EUR)5,528.67
Total Cost:5.01%
Difference:
€261 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 01/24/2020 - See full table
 

Euro to United States Dollar - Historical Rates

PeriodChange*EUR/USDDate
1 Day-0.2%1.105523 Jan 2020
7 Day-0.6%1.109117 Jan 2020
30 Day-0.6%1.109525 Dec 2019
3 Month-0.5%1.108126 Oct 2019
1 Year-2.5%1.131324 Jan 2019
5 Year-1%1.114325 Jan 2015
10 Year-21.6%1.407326 Jan 2010

*For period to 24-Jan 21UTC when EUR/USD was 1.1029

Euro to British Pound Sterling - 10 Year History

PeriodChange*EUR/GBPDate
1 Day+0.1%0.842723 Jan 2020
7 Day-1%0.852117 Jan 2020
30 Day-1.4%0.855425 Dec 2019
3 Month-2.4%0.863826 Oct 2019
1 Year-2.2%0.862324 Jan 2019
5 Year+13.6%0.742625 Jan 2015
10 Year-3.3%0.872626 Jan 2010

*For period to 24-Jan 21UTC when EUR/GBP was 0.8434

Euro to Australian Dollar - Historical Rates

PeriodChange*EUR/AUDDate
1 Day+0.1%1.614523 Jan 2020
7 Day+0.2%1.613517 Jan 2020
30 Day+0.9%1.602225 Dec 2019
3 Month-0.5%1.624226 Oct 2019
1 Year+1.3%1.595024 Jan 2019
5 Year+14.3%1.414525 Jan 2015
10 Year+3%1.569026 Jan 2010

*For period to 24-Jan 21UTC when EUR/AUD was 1.6163

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