This is a foreign exchange guide to Latvia, the Latvian Lats currency plus sending LVL transfers and travel tips.
In this Latvia currency guide we take a look at :
- Latvian Lats info - general info about the Latvian Lats
- Latvian Lats in the markets - recent LVL moves and predictions from the FX markets
- Travelling in Latvia - currency & money saving tips
- Buying Latvian Lats cash online - travel money for Latvia
- Sending money to Latvia - save on Latvian Lats bank transfers to Latvia
- Latvian Lats exchange rates - latest & historic exchange rates.
Latvian Lats (LVL) general currency information
What is the Latvian Lats currency code and symbol?
The three letter currency code for the Latvian Lats is LVL and the symbol is Ls.
Which countries use the Latvian Lats?
It is the domestic currency in Latvia.
Latvian Lats (LVL) in the markets
The interactive chart below shows the USD to LVL exchange rate and trend for the previous 3 months:
Travel, Currency and Money saving tips for Latvia
Latvia has the Baltic Sea to the West and is sandwiched between Estonia in the North and Lithuania to the South. The landscape is characterised by wide beaches and dense forest. Riga, is the medieval capital of Latvia, famous for the medieval old town St Peter's church as well as its more recent art nouveau architecture.
Money can be exchanged at banks or bureau de changes. ATMs are widely available in the major cities and towns, but always carry cash when venturing further out.
Travel money for Latvia
Save money and time by Ordering your Latvian Lats online from Travelex, you get better rates and can pick up the LVL 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 Latvian Lats otherwise you may get much worst exchange rates.
Latvia Trip Checklist
Sending money to Latvia
When searching around for information on how to get a good exchange rate when sending money to Latvia you need to start with finding out the latest Latvian Lats 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).
How stable is the Latvian economy?
The past decade has been a turbulent period for the Latvian economy. From acquiring double digit growth figures before 2008, the country has first experienced a double digit drop in GDP before rebounding to a healthier economy and more focus on socio economic challenges.
Get a better deal for foreign transfers to Latvia
When sending money to Latvia 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 :
- Open an account with a BER reviewed FX provider (id docs may be required)
- You specify the local or Latvian Lats amount you want to transfer
- Make a local currency domestic transfer for the requested amount to the provider's bank account in your country
- Once your funds are received by the provider the converted LVL amount will be transfered to the recipient account you specify in Latvia.
Use our Send to LVL 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 Latvian Lats deposited into the recipient bank account and less margins and fees kept by the banks!
Bank Transfers to Latvia
LVL/USD - Latvian Lats to United States Dollar - Historical Rates
|5 Year||1.8167||16 Oct 2014|
|10 Year||2.1157||17 Oct 2009|
LVL/EUR - Latvian Lats to Euro - Historical Rates
|5 Year||1.4193||16 Oct 2014|
|10 Year||1.4215||17 Oct 2009|
LVL/GBP - Latvian Lats to British Pound Sterling - 10 Year History
|5 Year||1.1299||16 Oct 2014|
|10 Year||1.2955||17 Oct 2009|
LVL/AUD - Latvian Lats to Australian Dollar - Historical Rates
|5 Year||2.0765||16 Oct 2014|
|10 Year||2.3079||17 Oct 2009|