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Foreign Exchange Guide to Germany

Read this currency guide to Germany with HKD money transfer and travel tips.   [HKD/EUR=0.1154]

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

In this Germany 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 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.
  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 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.


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.


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)

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).

Get a better deal for foreign transfers 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!


HKD to EUR International Money Transfers


Foreign Transfer ProvidersReceive EUR(€)Exchange RateFee HKDTotal CostDeal Links
OFX logo
5,630 EUR0.11260 for BER users (normally $15)2.26%
DBS Bank logo
5,569.43 EUR0.1115503.31%
Banks - Average Rate
DBS Bank logo Citibank logo HSBC logo
5,511 EUR0.1103554.32%
HSBC logo
5,496.19 EUR0.1101$804.58%
Citibank International Money Transfers
Citibank logo
5,468.69 EUR0.1094125.06%
OFX: Foreign Transfer HKD→EUR
HKD amount:$50,000 HKD
Fee:0 for BER users (normally $15)
Exchange Rate:0.1126 (2.26% from mid-rate)
EUR amount:5,630 EUR
Total Cost:2.26%
Rate Fetched: Fri Aug 23 2019 00:16:08 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
: 4.8/5.0

DBS Bank logoDBS Bank

DBS Bank: Foreign Transfer HKD→EUR
HKD amount:$50,000 HKD
Exchange Rate:0.1115 (3.21% from mid-rate)
EUR amount:5,569.43 EUR
Total Cost:3.31%
61 EUR less than using OFX
Time:1:05 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
: /5.0

Banks - Average Rate

Foreign Transfer HKD→EUR
HKD amount:$50,000 HKD
Exchange Rate:0.1106 (3.99% from mid-rate)
EUR amount:5,511 EUR
Total Cost:4.32%
119 EUR less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers


HSBC: Foreign Transfer HKD→EUR
HKD amount:$50,000 HKD
Fee:$80 HKD (Minimum fee)
Exchange Rate:0.1101 (4.43% from mid-rate)
EUR amount:5,496.19 EUR
Total Cost:4.58%
134 EUR less than using OFX
Time:1:05 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
: /5.0

Citibank logoCitibank

Citibank: Foreign Transfer HKD→EUR
HKD amount:$50,000 HKD
Exchange Rate:0.1094 (5.03% from mid-rate)
EUR amount:5,468.69 EUR
Total Cost:5.06%
161 EUR less than using OFX
Time:1:05 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
: /5.0
Snapshot 08/23/2019 - See full table

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

1 Day-0.07%1.109121 Aug 2019
1 Week-0.26%1.111215 Aug 2019
1 Month-0.61%1.115123 Jul 2019
6 Months-2.24%1.133723 Feb 2019
1 Year-4.34%1.158622 Aug 2018
5 Years-16.31%1.324323 Aug 2014
10 Years-22.52%1.430524 Aug 2009

*For period to 22-Aug 21UTC when EUR/USD was 1.1083

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

1 Day-1.09%0.914421 Aug 2019
1 Week-1.59%0.919015 Aug 2019
1 Month+0.87%0.896623 Jul 2019
6 Months+4.12%0.868623 Feb 2019
1 Year+0.74%0.897822 Aug 2018
5 Years+13.19%0.799023 Aug 2014
10 Years+3.94%0.870124 Aug 2009

*For period to 22-Aug 21UTC when EUR/GBP was 0.9044

EUR/AUD - Euro to Australian Dollar - Historical Rates

1 Day+0.32%1.634821 Aug 2019
1 Week-0.04%1.640715 Aug 2019
1 Month+2.91%1.593823 Jul 2019
6 Months+3.16%1.589923 Feb 2019
1 Year+3.81%1.579922 Aug 2018
5 Years+15.38%1.421523 Aug 2014
10 Years-3.7%1.703124 Aug 2009

*For period to 22-Aug 21UTC when EUR/AUD was 1.6401

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