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Foreign Exchange Guide to Ireland

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

 
Ireland
Country Code:
IE
Domestic Currency:
Euro
Symbol - Code:
€ EUR
Telephone Prefix:
+353

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


In this Ireland 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 Ireland - currency & money saving tips
  4. Buying Euro cash online - travel money for Ireland
  5. Sending money to Ireland - save on Euro bank transfers to Ireland
  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 Ireland

 

Ireland is a beautiful country filled with rolling green hills, castles, beautiful cliffs, Guinness beer, and super-friendly locals. Dublin is a lively city with great pubs and history while the country is filled with beautiful landscapes and castles, so it’s hard not to have a good time here. The country is small so it's easy to explore the whole thing, it is vibrant and fun.

History is everywhere, from the breathtaking monuments of prehistoric Ireland at Brú na Bóinne, Slea Head in Kerry and Carrowmore in Sligo, to the fabulous ruins of Ireland's rich monastic past at Glendalough, Clonmacnoise and Cashel.

Cliffs of Moher.

What currency is used in Ireland?

The Euro has been the currency in circulation in Ireland since the beginning of 2002. It replaced The Irish pound ("punt Éireannach" in Irish). There are two currencies in use on the island of Ireland, so come prepared. You should be aware that as part of the UK, Northern Ireland uses pound sterling, not the euro. Since international bank cards will work perfectly in ATMs and chip and pin terminals on both sides it won’t make a huge difference, but it’s worth knowing if you’re planning to shop. In the 6 counties of Northern Ireland (Fermanagh, Armagh, Tyrone, Derry, Antrim and Down), sterling (GBP) is the currency used.

How to travel in Ireland?

Ireland is extremely well-served by budget airlines traveling throughout the UK and Europe. By booking in advance with the likes of Ryanair, Easyjet, and BMIBaby, you can get cheap flights from Ireland to elsewhere in the world. Ireland's size makes domestic flying unnecessary, but there are flights between Dublin and Belfast, Cork, Derry, Donegal, Galway, Kerry, Shannon and Sligo aimed at passengers connecting from international flights. Flights linking the mainland to the Aran Islands are popular.

For cheap bus travel take the Green bus like most locals, they service most of Ireland. Eat at the pubs for good, hearty local Irish food that won't destroy your wallet. If you like visiting heritage sites grab a OPW Heritage card. It gives access to main attractions, including most of the castles throughout the country. The card costs 25 EUR for adults.

Bus is convenient but renting a car in Ireland can be fantastic to get around on your own schedule. The traffic is not hectic and the roads are good. The bus is fine, but if you have the ability be sure to rent a car to see the countryside and meet the people on your own timetable. 

Streets of Dublin.

Ireland's compact size and scenic landscapes make it a good cycling destination. However, unreliable weather, many very narrow roads and some very fast drivers are major concerns. Special tracks such as the 42km Great Western Greenway in County Mayo are a delight. A good tip for cyclists in the west is that the prevailing winds make it easier to cycle from south to north.

Ireland's offshore islands are all served by boat. Ferries also operate across rivers, inlets and loughs, providing useful short cuts, particularly for cyclists.

Travel tips for Ireland.

Everything you’ve heard is true: Ireland is a stunner. The locals need little prodding to proclaim theirs the most beautiful land in the world, and can support their claim with many examples. Everyone will argue over the must-sees but you can't go wrong if you put on your to-visit list the brooding loneliness of Connemara, the dramatic wildness of Donegal, the majestic mountains of Mourne, the world-famous scenery of counties Kerry and Cork, and the celebrated Causeway Coast.

If you stay at a B&B (Bed and Breakfast) eat the big breakfast that is served.. It will last you well  beyond midday. Lunch is then often later without much need for a big dinner. Again saving you some dollars.

Buses won't stop unless you put your hand out. If you are taking the bus this is vitally important. But be warned, some days even putting your hand out and waving it around won't be enough to make them stop. So don't be surprised if you see people at the bus stop jumping up and down in desperation when the bus is in view.

While most of the major Irish sights can be taken in using public transport or tour buses, renting a car is worth considering, to get to those spectacular places off the beaten track.

 

Travel money for Ireland

 

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.

   

Ireland Trip Checklist    

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

Sending money to Ireland

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

When sending money to Ireland 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 Ireland.

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: Sat Aug 17 2019 00:16:05 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:1:12 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:1:12 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:1:12 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Snapshot 08/17/2019 - 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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