Foreign Exchange Guide to Greece

This currency guide to Greece helps you choose the best way to save money on EUR transfers and travel money.    [USD/EUR=0.906]

 
Greece
Country Code:
GR
Domestic Currency:
Euro
Symbol - Code:
€ EUR
Telephone Prefix:
+30

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


In this Greece 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 Greece - currency & money saving tips
  4. Buying Euro cash online - travel money for Greece
  5. Sending money to Greece - save on Euro bank transfers to Greece
  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 USD to EUR exchange rate and trend for the previous 3 months:

ALERT: 30-DAY HIGHS 🔔 |
USD/EUR at 0.9045 is trading near the 90-day average 0.9011 with a range 0.8912 to 0.909. ALERT: USD/EUR has risen to 30-DAY HIGHS.
23-Jan-2020 16:NY 21:LON 08:SYD+1d

Travel, Currency and Money saving tips for Greece

 

Although the news has been full of negative stories about the financial and immigrant crises which have engulfed Greece in recent years, there are still many reasons to visit this delightful country. From its stunning beaches and superb mountain scenery to great food, astounding history and, above all, its warm Hellenic welcome. It is also a very affordable country to travel in. As one of the continent’s most popular destinations during the summer times, people from around the world  flock to its famous islands for the sun, and to the cities for the history.

Greece is known for its food. Restaurants will cost about 20 EUR for a nice dinner, even in the tourist area. If you add wine, expect to pay about 30 EUR. A meal at a very luxurious restaurant will begin at 30 EUR.

What currency should I use in Greece?

The currency used in Greece is the Euro. You can find ATMs in every major town and city, and practically every inhabited Greek island has at least one machine. You will find ATMs in supermarkets, airports, ferry ports, metro stations and other public places. You will be able to use your credit cards in shops and hotels, fuel stations and shops up and down the country. When it comes to bars and tavernas though, you may need to check their machine is working. You would be surprised at how many card machines are faulty in these places when they work perfectly everywhere else.

Getting around in Greece?

Because Greece has a lot of islands, you will be dealing with lots ferries and boats. Expect to spend an average of 36 EUR per a trip, though you could spend as little as 12 EUR if the islands are really close together. From Athens, most ferries to the islands costs around 60 EUR. Slow, overnight island ferries begin at 13 EUR. Buses and trains around the mainland are around 20 EUR. It’s 1.20 EUR for a single ride on the Athens train system.

Many people go to Greece for the islands but the mainland has a great deal to offer, from the imposing Pindus mountain range in the north to the empty golden beaches of the western Peloponnese. It also boasts the greatest number of archaeological sites.Travelling between the main towns is easy on the comprehensive KTEL bus network, with local services radiating out to villages.You can also make use of the limited but extremely cheap national rail service for a number of key destinations. Greece is a cheap country and even cheaper when you get out of the touristy Greek islands or popular destinations. Head off the beaten path and you will usually see prices drop by 30% or more.

Travel tips for Greece.

Eating is casual in Greece. Look for restaurants where the locals are eating, as the food will be much better. Just remember that Greeks eat late, often after 10pm. Always ask for local barrelled wine, which is cheaper than bottled, or try a fiery spirit such as ouzo or tsipouro. Likewise, don't be fobbed off with bottled water, as what comes out of the tap is perfectly drinkable. Punctuality is not considered a big issue in Greece. There is a healthy Mediterranean belief that most things can be put off and nothing needs to be done in a hurry. So don't expect service in a restaurant to be too snappy or transportation always to run like clockwork.

 

Travel money for Greece

 

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 ProvidersAmount EUR(€)Exchange RateFee USDTotal CostDeal Links
Banks - Average Rate Foreign Currency
783.98
Compare
0.7919U$1013.37%
 
Banks - Average Rate
Travel Money USD→EUR
From Amount (USD)U$1,000
Fee:U$10 USD (1%)
Exchange Rate:0.7919 (12.5% from mid-rate)
To Amount (EUR)783.98
Total Cost:13.37%
Currency Services:Branch
Delivery/Collect:-
 
Snapshot 01/24/2020 - See full table
 

Greece Trip Checklist    

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

Sending money to Greece

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

When sending money to Greece 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 Greece.

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!

 
  

USD to EUR International Money Transfers

  

Foreign Transfer ProvidersReceive EUR(€)Exchange RateFee USDTotal CostDeal Links
OFX logo
8,978
Best Overall
0.89780^0.8%
XE logo
8,937
€41 less
0.893701.25%
Wells Fargo Bank logo
8,711.29
€267 less
0.8727183.74%
HSBC logo
8,704.92
€273 less
0.8718U$153.81%
Banks - Average Rate
Bank of America logo U.S. Bank logo Wells Fargo Bank logo HSBC logo
8,652
€326 less
0.8702154.4%
Bank of America International Money Transfers
Bank of America logo
8,595.18
€383 less
0.8682U$1005.03%
U.S. Bank International Money Transfers
U.S. Bank logo
8,595.18
€383 less
0.8682U$1005.03%
 
OFX logo
OFX: Foreign Transfer USD→EUR
From Amount (USD)U$10,000
Fee:0^ - No fees for BestExchangeRates users (normally $12 for smaller transfers)
Exchange Rate:0.8978 (0.8% from mid-rate)
To Amount (EUR)8,978
Total Cost:0.8%
Time:
Rate Fetched: 6:03 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 
XE logo
XE: Foreign Transfer USD→EUR
From Amount (USD)U$10,000
Fee:
Exchange Rate:0.8937 (1.25% from mid-rate)
To Amount (EUR)8,937
Total Cost:1.25%
Difference:
€41 EUR less than using OFX
Time:6:03 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 3.5/5.0
Reviews:
 
Wells Fargo Bank logo
Wells Fargo Bank: Foreign Transfer USD→EUR
From Amount (USD)U$10,000
Fee:18
Exchange Rate:0.8727 (3.57% from mid-rate)
To Amount (EUR)8,711.29
Total Cost:3.74%
Difference:
€267 EUR less than using OFX
Time:6:03 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
HSBC logo
HSBC: Foreign Transfer USD→EUR
From Amount (USD)U$10,000
Fee:U$15 USD (.15%)
Exchange Rate:0.8718 (3.67% from mid-rate)
To Amount (EUR)8,704.92
Total Cost:3.81%
Difference:
€273 EUR less than using OFX
Time:6:03 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Banks - Average Rate
Foreign Transfer USD→EUR
From Amount (USD)U$10,000
Fee:15
Exchange Rate:0.8665 (4.25% from mid-rate)
To Amount (EUR)8,652
Total Cost:4.4%
Difference:
€326 EUR less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 
Bank of America logo
Bank of America: Foreign Transfer USD→EUR
From Amount (USD)U$10,000
Fee:U$100 USD (1%)
Exchange Rate:0.8682 (4.07% from mid-rate)
To Amount (EUR)8,595.18
Total Cost:5.03%
Difference:
€383 EUR less than using OFX
Time:6:03 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
U.S. Bank logo
U.S. Bank: Foreign Transfer USD→EUR
From Amount (USD)U$10,000
Fee:U$100 USD (1%)
Exchange Rate:0.8682 (4.07% from mid-rate)
To Amount (EUR)8,595.18
Total Cost:5.03%
Difference:
€383 EUR less than using OFX
Time:6:03 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Snapshot 01/24/2020 - See full table
 

Euro to United States Dollar - Historical Rates

PeriodChange*EUR/USDDate
1 Day-0.4%1.109622 Jan 2020
7 Day-0.7%1.113716 Jan 2020
30 Day-0.3%1.108924 Dec 2019
3 Month-0.2%1.108025 Oct 2019
1 Year-2.9%1.138723 Jan 2019
5 Year-1.3%1.120724 Jan 2015
10 Year-21.9%1.414925 Jan 2010

*For period to 23-Jan 21UTC when EUR/USD was 1.1057

Euro to British Pound Sterling - 10 Year History

PeriodChange*EUR/GBPDate
1 Day-0.2%0.844222 Jan 2020
7 Day-1.1%0.851616 Jan 2020
30 Day-1.7%0.857324 Dec 2019
3 Month-2.5%0.864125 Oct 2019
1 Year-3.2%0.870423 Jan 2019
5 Year+12.7%0.747424 Jan 2015
10 Year-3.5%0.873625 Jan 2010

*For period to 23-Jan 21UTC when EUR/GBP was 0.8426

Euro to Australian Dollar - Historical Rates

PeriodChange*EUR/AUDDate
1 Day-0.4%1.621822 Jan 2020
7 Day+0.1%1.614416 Jan 2020
30 Day+0.9%1.601824 Dec 2019
3 Month-0.5%1.624125 Oct 2019
1 Year+1.4%1.593223 Jan 2019
5 Year+14.1%1.416624 Jan 2015
10 Year+3.3%1.564825 Jan 2010

*For period to 23-Jan 21UTC when EUR/AUD was 1.6159

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