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Foreign Exchange Guide to Finland

Read this currency guide to Finland with HKD money transfer and travel tips.   [HKD/EUR=0.1149]

 
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 HKD to 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

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:

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.

   

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!

 

HKD to EUR International Money Transfers

  

Foreign Transfer ProvidersReceive EUR(€)Exchange RateFee HKDTotal CostDeal Links
OFX logo
5,595 EUR0.11190 for BER users (normally $15)2.61%
DBS Bank logo
5,539.46 EUR0.1109503.58%
Banks - Average Rate
DBS Bank logo Citibank logo HSBC logo
5,478 EUR0.1097554.65%
HSBC logo
5,461.25 EUR0.1094$804.94%
Citibank International Money Transfers
Citibank logo
5,433.7 EUR0.1087125.42%
 
OFX: Foreign Transfer HKD→EUR
HKD amount:$50,000 HKD
Fee:0 for BER users (normally $15)
Exchange Rate:0.1119 (2.61% from mid-rate)
EUR amount:5,595 EUR
Total Cost:2.61%
Time:
Rate Fetched: Sun Aug 18 2019 00:16:10 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 

DBS Bank logoDBS Bank

DBS Bank: Foreign Transfer HKD→EUR
HKD amount:$50,000 HKD
Fee:50
Exchange Rate:0.1109 (3.48% from mid-rate)
EUR amount:5,539.46 EUR
Total Cost:3.58%
Difference:
56 EUR less than using OFX
Time:1:05 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Foreign Transfer HKD→EUR
HKD amount:$50,000 HKD
Fee:55
Exchange Rate:0.1100 (4.26% from mid-rate)
EUR amount:5,478 EUR
Total Cost:4.65%
Difference:
117 EUR less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 

HSBC logoHSBC

HSBC: Foreign Transfer HKD→EUR
HKD amount:$50,000 HKD
Fee:$80 HKD (Minimum fee)
Exchange Rate:0.1094 (4.79% from mid-rate)
EUR amount:5,461.25 EUR
Total Cost:4.94%
Difference:
134 EUR less than using OFX
Time:1:05 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Citibank logoCitibank

Citibank: Foreign Transfer HKD→EUR
HKD amount:$50,000 HKD
Fee:12
Exchange Rate:0.1087 (5.4% from mid-rate)
EUR amount:5,433.7 EUR
Total Cost:5.42%
Difference:
161 EUR less than using OFX
Time:1:05 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Snapshot 08/18/2019 - See full table
 

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

PeriodChange*EUR/USDDate
1 Day-0.17%1.111215 Aug 2019
1 Week-1.67%1.128109 Aug 2019
1 Month-1.2%1.122817 Jul 2019
6 Months-1.79%1.129517 Feb 2019
1 Year-2.45%1.137216 Aug 2018
5 Years-17.16%1.339117 Aug 2014
10 Years-21.39%1.411218 Aug 2009

*For period to 16-Aug 21UTC when EUR/USD was 1.1093

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

PeriodChange*EUR/GBPDate
1 Day-0.65%0.919015 Aug 2019
1 Week-2.57%0.937109 Aug 2019
1 Month+1.11%0.903017 Jul 2019
6 Months+4.31%0.875317 Feb 2019
1 Year+2.07%0.894516 Aug 2018
5 Years+13.98%0.801017 Aug 2014
10 Years+6.7%0.855718 Aug 2009

*For period to 16-Aug 21UTC when EUR/GBP was 0.9130

EUR/AUD - Euro to Australian Dollar - Historical Rates

PeriodChange*EUR/AUDDate
1 Day-0.26%1.640715 Aug 2019
1 Week-1.52%1.661809 Aug 2019
1 Month+2.15%1.602117 Jul 2019
6 Months+3.5%1.581117 Feb 2019
1 Year+4.46%1.566616 Aug 2018
5 Years+13.88%1.437017 Aug 2014
10 Years-4.5%1.713618 Aug 2009

*For period to 16-Aug 21UTC when EUR/AUD was 1.6365

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