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Foreign Exchange Guide to Finland

Read this currency guide to Finland with money transfer and travel tips.   [USD/EUR=0.8822]

 
Finland
Country Code:
FI
Domestic Currency:
Euro
Symbol - Code:
€ EUR
Telephone Prefix:
+358

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


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

 

According to the annual World Happiness Report 2018, Finland is the happiest country in the world. What better reason to visit a place than to meet its happy inhabitants in hope that some of it rubs off. Perhaps the happiness is due to the fabled merry inhabitant of Finnish Lapland, Santa, who shares the land which is also famed to be the best place to view the northern lights, or Aurora Borealis.

Helsinki, Finland's capital is one of the greenest cities in Europe, with the authorities targeting 2025 as the year that motor vehicle ownership will become obsolete boasting 2,400 miles of cycle lanes to show their commitment. With so few cars on the road, it's no wonder that Finland is also considered to be one of the safest countries in the world.

Although known for advancements in technology and progressive urban solutions, most Finns spend their free time in touch with Mother Nature. With almost 200 000 lakes and half a million summer cottages in the country, there’s a lot of room to retreat to the countryside and get away from it all. Hiking, trekking, Nordic walking and cross-country skiing are considered fun.

What currency is used in Finland?

The currency here is the Euro, Finns use less physical cash in their transactions than any other nation, but ATMs for cash withdrawal are fairly widespread and marked by the sign OTTO. Most major credit cards, including Visa, MasterCard and EuroCard can be used for payment in most shops and restaurants. Thanks to EU rules, withdrawing euro from a cash machine costs you the same anywhere in the EU as it does in your own country from a cash machine that does not belong to your bank.

Getting around in Finland.

Finland is as bicycle-friendly as any country you’ll find, with plenty of paths and few hills. Bikes can be taken on most trains, buses and ferries. Åland is particularly good for cycling. Helmets are recommended but no longer required by law. You can hire a bike in nearly every Finnish town. Most campgrounds and many urban hotels offer bikes for a small fee or for free, but these are made for cycling around town, not for ambitious road trips.

Finish public transport is generally efficient, reliable and safe. There are many options for getting around including bus, tram, train, city bikes and ferries. Bus is the main form of long-distance transport in Finland, with a far more comprehensive network than the train system. Buses run on time and are rarely full.

Lake boats were once important summer transport. These services are now largely kept on as cruises, and make a great, leisurely way to journey between towns. The most popular routes are Tampere–Hämeenlinna, Tampere–Virrat, Savonlinna–Kuopio and Lahti–Jyväskylä. Finland’s road network is excellent, although there are few motorways. When approaching a town or city, keskusta on signs indicates the town centre. There are no road tolls but lots of speed cameras.

Travellers planning a trip across the border to Russia must have a visa. It is advisable to get it at the Embassy of Russia in the traveller’s country of origin, because it takes at least eight weekdays to obtain a visa in Helsinki. Eighty percent of the water in Finland is classed as being exceptionally clean.

 

Travel money for Finland

 

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
 

Finland Trip Checklist    

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

Sending money to Finland

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

When sending money to Finland 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 Finland.

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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