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Foreign Exchange Guide to Greece

Read this currency guide to Greece with money transfer and travel tips.   [USD/EUR=0.8908]

 
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 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

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 USD to EUR exchange rate and trend for the previous 3 months:

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 Athens, 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
U.S. Bank Foreign Currency
U.S. Bank logo
840.30 EUR
Compare
0.840306.39%
Banks - Average Rate
U.S. Bank logo Wells Fargo Bank logo
831.9 EUR
8.4 EUR
0.8403$107.33%
Wells Fargo Bank logo
823.49 EUR
17 EUR
0.8403$208.27%
Travelex Online US logo
822.70 EUR
18 EUR
0.82270^8.35%
 

U.S. Bank logoU.S. Bank

U.S. Bank: Travel Money USD→EUR
USD amount:$1,000 USD
Fee:0
Exchange Rate:0.8403 (6.39% from mid-rate)
EUR amount:840.30 EUR
Total Cost:6.39%
Time:18:00 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Travel Money USD→EUR
USD amount:$1,000 USD
Fee:$10 USD (1%)
Exchange Rate:0.7855 (12.5% from mid-rate)
EUR amount:831.9 EUR
Total Cost:7.33%
Currency Services:Branch
Delivery/Collect:-
 

Wells Fargo Bank logoWells Fargo Bank

Wells Fargo Bank: Travel Money USD→EUR
USD amount:$1,000 USD
Fee:$20 USD (Minimum fee)
Exchange Rate:0.8403 (6.39% from mid-rate)
EUR amount:823.49 EUR
Total Cost:8.27%
Time:18:00 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
Travelex Online US: Travel Money USD→EUR
USD amount:$1,000 USD
Fee:$0 - No fees for Debit & Credit Cards
Exchange Rate:0.8227 (8.35% from mid-rate)
EUR amount:822.70 EUR
Total Cost:8.35%
Time:
Rate Fetched: Fri Aug 23 2019 16:00:05 GMT+0000 (UTC)
Currency Services:Online order, Branch pickup, Home delivery
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
 
Snapshot 08/23/2019 - 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
8,905 EUR
Best Overall
0.89050^0.8%
XE logo
8,865 EUR
40 EUR
0.886501.25%
TransferWise logo
8,922.26 EUR
17 EUR
0.8968$510.61%
Wells Fargo Bank logo
8,644.41 EUR
261 EUR
0.866183.7%
HSBC logo
8,638.02 EUR
267 EUR
0.8651$153.78%
Banks - Average Rate
Bank of America logo U.S. Bank logo Wells Fargo Bank logo HSBC logo
8,586 EUR
319 EUR
0.8636154.36%
Bank of America International Money Transfers
Bank of America logo
8,529.84 EUR
375 EUR
0.8616$1004.98%
U.S. Bank International Money Transfers
U.S. Bank logo
8,529.84 EUR
375 EUR
0.8616$1004.98%
 
OFX: Foreign Transfer USD→EUR
USD amount:$10,000 USD
Fee:0^ - No fees for BestExchangeRates users (normally $12 for smaller transfers)
Exchange Rate:0.8905 (0.8% from mid-rate)
EUR amount:8,905 EUR
Total Cost:0.8%
Time:
Rate Fetched: 18:00 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 
XE: Foreign Transfer USD→EUR
USD amount:$10,000 USD
Fee:
Exchange Rate:0.8865 (1.25% from mid-rate)
EUR amount:8,865 EUR
Total Cost:1.25%
Difference:
40 EUR less than using OFX
Time:18:00 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 3.5/5.0
Reviews:
TransferWise: Foreign Transfer USD→EUR
USD amount:$10,000 USD
Fee:$51 USD (0.5% + $1)
Exchange Rate:0.8968 (0.1% from mid-rate)
EUR amount:8,922.26 EUR
Total Cost:0.61%
Difference:
17 EUR more than using OFX
Time:18:00 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online, Foreign Currency Accounts
Rating:
 
: 4.6/5.0
Reviews:
 

Wells Fargo Bank logoWells Fargo Bank

Wells Fargo Bank: Foreign Transfer USD→EUR
USD amount:$10,000 USD
Fee:18
Exchange Rate:0.8660 (3.53% from mid-rate)
EUR amount:8,644.41 EUR
Total Cost:3.7%
Difference:
261 EUR less than using OFX
Time:18:00 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

HSBC logoHSBC

HSBC: Foreign Transfer USD→EUR
USD amount:$10,000 USD
Fee:$15 USD (.15%)
Exchange Rate:0.8651 (3.63% from mid-rate)
EUR amount:8,638.02 EUR
Total Cost:3.78%
Difference:
267 EUR less than using OFX
Time:18:00 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Foreign Transfer USD→EUR
USD amount:$10,000 USD
Fee:15
Exchange Rate:0.8598 (4.22% from mid-rate)
EUR amount:8,586 EUR
Total Cost:4.36%
Difference:
319 EUR less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 

Bank of America logoBank of America

Bank of America: Foreign Transfer USD→EUR
USD amount:$10,000 USD
Fee:$100 USD (1%)
Exchange Rate:0.8616 (4.02% from mid-rate)
EUR amount:8,529.84 EUR
Total Cost:4.98%
Difference:
375 EUR less than using OFX
Time:18:00 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

U.S. Bank logoU.S. Bank

U.S. Bank: Foreign Transfer USD→EUR
USD amount:$10,000 USD
Fee:$100 USD (1%)
Exchange Rate:0.8616 (4.02% from mid-rate)
EUR amount:8,529.84 EUR
Total Cost:4.98%
Difference:
375 EUR less than using OFX
Time:18:00 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Snapshot 08/23/2019 - See full table
 

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

PeriodChange*EUR/USDDate
1 Day+0.58%1.108422 Aug 2019
1 Week+0.48%1.109516 Aug 2019
1 Month+0.05%1.114224 Jul 2019
6 Months-1.71%1.134224 Feb 2019
1 Year-3.41%1.154223 Aug 2018
5 Years-15.49%1.319224 Aug 2014
10 Years-22.18%1.432625 Aug 2009

*For period to 23-Aug 21UTC when EUR/USD was 1.1148

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

PeriodChange*EUR/GBPDate
1 Day+0.39%0.904722 Aug 2019
1 Week-0.55%0.913216 Aug 2019
1 Month+1.77%0.892424 Jul 2019
6 Months+4.61%0.868224 Feb 2019
1 Year+0.79%0.901123 Aug 2018
5 Years+13.9%0.797424 Aug 2014
10 Years+3.88%0.874325 Aug 2009

*For period to 23-Aug 21UTC when EUR/GBP was 0.9082

EUR/AUD - Euro to Australian Dollar - Historical Rates

PeriodChange*EUR/AUDDate
1 Day+0.63%1.640622 Aug 2019
1 Week+0.89%1.636416 Aug 2019
1 Month+3.4%1.596724 Jul 2019
6 Months+4.18%1.584824 Feb 2019
1 Year+3.61%1.593423 Aug 2018
5 Years+16.34%1.419124 Aug 2014
10 Years-3.29%1.707225 Aug 2009

*For period to 23-Aug 21UTC when EUR/AUD was 1.6510

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