1. Guides
  2. Country Guides (A-Z)
  3. Germany - Foreign Exchange & Currency Guide

Foreign Exchange Guide to Germany

Latest market mid-rate: 1.0 =

Country Code:
Domestic Currency:
Symbol - Code:
Telephone Prefix:

The domestic currency in Germany is the Euro with currency code EUR. Read this foreign exchange guide to Germany and the Euro with money transfer and travel tips plus Euro exchange cross rates.

In this guide we review :

  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 Germany - currency & money saving tips
  4. Buying Euro cash online - travel money for Germany
  5. Sending money to Germany - save on Euro bank transfers to Germany
  6. Euro exchange rates - latest & historic exchange rates.

Euro (EUR) general currency information

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.

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.

Euro (EUR) in the markets

On June 14th, the euro had one of its worst days in recent memory after the ECB signalled it would leave interest rates unchanged at 0.0 percent until the latter stages of 2019. A day later (the day of this report), the euro was trading in the mid-$1.15s versus the dollar and looked set to lose more of its value (earlier in the year it had traded in the mid-$1.25s), and had fallen towards the bottom end of its long-term trading range against the pound, at £0.873.

The ECB did at least announce it would phase out quantitative easing in Europe, which kept the euro’s losses within reasonable limits. QE will be terminated at the end of the year.

Goldman Sachs described the June ECB meeting as a “material negative for the euro.”

Prior to the ECB decision, Danske Bank had estimated a median price for EUR/USD in H2 2018 of 1.18; the bank saw a return to the 1.20s as unlikely in the near term (that's almost certain after the ECB meeting). Danske had predicted a “foot-dragging” ECB that would be “reactive rather than active.”

The interactive chart below shows the EUR to USD 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.

EUR-USD 3 Month chart
EUR-USD 3 Month chart
EUR currency converter

Travel, Currency and Money saving tips for Germany

Accommodation and food are quite cheap in Germany compared the neighbouring countries. Interestingly, of the Eurozone countries, Germans top the list for keeping the most cash in their wallets. It is not uncommon in Germany for restaurants to only accept cash, so make sure you have some euros before visiting.

High speed transport by train (Deutsche Bahn) is expensive however, but is very fast and efficient. But if on a budget one can try using the much cheaper, and much slower trains. Which may be fine if you enjoy the journey as much as the destination when travelling. ATMs and banks are easily available everywhere, and all major credits cards are accepted.

The bus and local train network are both extensive and not too expensive, though to get to smaller towns you may have to bus to a nearby big city then take another bus to your destination. Also another popular way to get around Germany is by car, which is flexible and easy and you get to experience the famous Autobahn on which there is no speed limit.

Alternatively cheapest flights are now available to get around Germany and are a good way to save time on your travels if you don't mind missing seeing the landscape while you travel.

Germany Trip Checklist   

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

Travel money for Germany

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 Rates Compared

Buying EUR Cash with USD 1,000

Travelex Online logo Travelex Online
€798.40 EUR (6.86%)
Free Home Delivery when you Buy Online Travel Money & Cards with $0 commission and great exchange rates only available from Travelex Online. Zero cost for Home Delivery or pickup your foreign cash at your local Travelex store or at the airport on departure day. * Home deliveries can only be made to the registered billing address of your chosen payment method.
Price Details
Receive: €798.40 EUR
Exchange Rate: 0.7984
(Inverse 1EUR=USD 1.2525)
Fees: USD 0
Total Cost : 6.86% (from mid-rate: 0.8572)
Amount of money that could be received by your currency exchange at rate USD/EUR=0.7984 and inclusive of the fee of USD 0.
Rate timestamp : Sat Jun 23 2018 03:00:04 GMT+0000 (UTC)
Bank Rates - Average
€742.60 EUR (13.37%)
This is the average USD to EUR Buy Foreign Cash exchange rate from multiple banks, exchange kiosks and post-offices, available over the counter and via the internet.

Price Details
Receive: €742.60 EUR
Exchange Rate: 0.7501
(Inverse 1EUR=USD 1.3332)
Fees: USD 10 (1%)
Total Cost : 13.37% (from mid-rate: 0.8572)
Receive EUR €56 less than with  Travelex Online logo Travelex Online
Amount of money that could be received by your currency exchange at rate USD/EUR=0.7501 and inclusive of the fee of USD 10 (1%).

Sending money to Germany

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

Getting a better deal when sending money to Germany

When sending money to Germany 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 Germany.

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!

Sending a LARGER international money transfer? Request a Free Multi-Vendor Quote

Compare Foreign Transfers

Sending USD 10,000 to EUR

OFX logo OFX (prev. USForex)
€8480.00 EUR (1.07%)
Book & track your foreign transfers online (24/7) with industry best rates for all your deals - not just the first one! Lock in exchange rates with Spot & Forward Deals. BestExchangeRates users get the transfer fees waived.
Price Details
Receive: €8480.00 EUR
Exchange Rate: 0.8480
(Inverse 1EUR=USD 1.1792)
Fees: USD 0
Total Cost : 1.07% (from mid-rate: 0.8572)
This is the amount of money that could be received by your transfer at rate USD/EUR=0.848 and inclusive of the fee of USD 0.
Rate timestamp : Sat Jun 23 2018 03:03:10 GMT+0000 (UTC)
Bank Rates - Average
€8214.66 EUR (4.17%)
This is the average USD to EUR International Transfer exchange rate and fees from multiple banks for FX rates available over the counter and also via Internet Banking.

Price Details
Receive: €8214.66 EUR
Exchange Rate: 0.8227
(Inverse 1EUR=USD 1.2155)
Fees: USD 15
Total Cost : 4.17% (from mid-rate: 0.8572)
Receive EUR €265 less than with  OFX logo OFX
This is the amount of money that could be received by your transfer at rate USD/EUR=0.8227 and inclusive of the fee of USD 15.

Euro - exchange rates - live and historic

Major EUR cross rates
View Full List (A-Z)

EUR/USD - Euro to U.S. dollar - 10 Year History

DateExchange RatePeriodChange
22 Jun 20181.1632Latest
15 Jun 20181.16201 Week+0.1%
23 May 20181.17091 Month-0.66%
24 Dec 20171.18536 Months-1.86%
22 Jun 20171.11501 Year+4.32%
22 Jun 20161.13312 Years+2.66%
23 Jun 20131.31215 Years-11.35%
24 Jun 20081.558010 Years-25.34%

EUR/GBP - Euro to British pound sterling - 10 Year History

DateExchange RatePeriodChange
22 Jun 20180.8775Latest
15 Jun 20180.87481 Week+0.31%
23 May 20180.87591 Month+0.18%
24 Dec 20170.88706 Months-1.07%
22 Jun 20170.87941 Year-0.22%
22 Jun 20160.76632 Years+14.51%
23 Jun 20130.85155 Years+3.05%
24 Jun 20080.791110 Years+10.92%

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

DateExchange RatePeriodChange
22 Jun 2018127.9398Latest
15 Jun 2018128.60661 Week-0.52%
23 May 2018128.66291 Month-0.56%
24 Dec 2017134.31766 Months-4.75%
22 Jun 2017124.09171 Year+3.1%
22 Jun 2016118.57332 Years+7.9%
23 Jun 2013128.76075 Years-0.64%
24 Jun 2008168.039110 Years-23.86%

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

DateExchange RatePeriodChange
22 Jun 20181.5665Latest
15 Jun 20181.56061 Week+0.38%
23 May 20181.54771 Month+1.21%
24 Dec 20171.53666 Months+1.95%
22 Jun 20171.47841 Year+5.96%
22 Jun 20161.50662 Years+3.98%
23 Jun 20131.42145 Years+10.21%
24 Jun 20081.630510 Years-3.93%

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

DateExchange RatePeriodChange
22 Jun 20181.5492Latest
15 Jun 20181.53451 Week+0.96%
23 May 20181.50321 Month+3.06%
24 Dec 20171.50886 Months+2.68%
22 Jun 20171.47531 Year+5.01%
22 Jun 20161.45112 Years+6.76%
23 Jun 20131.37405 Years+12.75%
24 Jun 20081.580310 Years-1.97%

Euro News