Foreign Exchange Guide to Luxembourg

This currency guide to Luxembourg helps you choose the best way to save money on EUR transfers and travel money.    [HKD/EUR=0.1167]

 
Luxembourg
Country Code:
LU
Domestic Currency:
Euro
Symbol - Code:
€ EUR
Telephone Prefix:
+352

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


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

HKD/EUR at 0.1166 is trading 1% above the 90-day average 0.1154 with a range 0.1141 to 0.1167. There are no current rate alerts.
24-Jan-2020 16:NY 21:LON 08:SYD+1d

Travel, Currency and Money saving tips for Luxembourg

 

Right in the middle of Europe, you’ll find the beautiful country of Luxembourg. A landlocked country, it’s full of forests, fairytale castles, and jagged gorges. The capital of the country is also called Luxembourg and is situated to the South of the Country. There is no King or Queen of Luxembourg. Instead, there’s a Grand Duke or Grand Duchess. The current Grand Duke is called Henri and he has been Grand Duke since 2000. Much like the Queen of England, the country celebrates his ‘official’ Birthday each year. With a successful steel, finance and high technology industry, a strategic location at the heart of Western Europe, more natural beauty than you might expect given its size, and as one of the three richest countries in the world, Luxembourg enjoys a very high standard of living.

How do I get around Luxembourg?

By train: The Chemins de Fer Luxembourgeois (CFL) [7] train network is either comprehensive or spartan, depending whether you want to go south or north. While the south is reasonably well covered, the north is limited to one main line (Ligne 10) which runs from Luxembourg City via Mersch, Ettelbrück, Wilwerwiltz, Clervaux and Troisvierges. The line continues north into Belgium towards Liège. Trains in Luxembourg generally run very much on time and are modern and comfortable. As the fares are so cheap this is a good mode of transport to use when possible.

By Car: Driving in Luxembourg is nowhere as testing as in other European countries. The locals are polite, even when entering roundabouts. When entering the highways from side roads into the slower traffic lane, the other drivers will allow you to join the traffic line, but traffic indicators are essential. As with other highways in Europe always keep in the slow traffic lane, keeping the fast lane for overtaking. Normal day to day driving in Luxembourg is a delight but traffic does slow down in peak times.

What language is spoken in Luxembourg?

Luxembourgish ("Lëtzebuergesch") - a Germanic language that incorporates many French loan-words - is the national language. It is spoken natively by just over half of the native population, and is the main language of television and radio broadcasts. German ("Hochdeutsch") enjoys official status in Luxembourg. It is taught in schools, is the language of the press, court system and church, and is almost universally understood by the local population.

That being said, everything from road signs to menus to information in stores, will appear in French - which is the main language of the government. French therefore is clearly one of the most useful of the three official languages to know, particularly in the capital.

 

Travel money for Luxembourg

 

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.

   

Luxembourg Trip Checklist    

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

Sending money to Luxembourg

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

When sending money to Luxembourg 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 Luxembourg.

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
WorldFirst logo
5,7900.115800.52%
OFX logo
5,6950.11390 for BER users (normally $15)2.15%
DBS Bank logo
5,634.360.1128503.19%
Banks - Average Rate
DBS Bank logo Citibank logo HSBC logo
5,5730.1116554.24%
HSBC logo
5,556.10.1113HK$804.53%
Citibank International Money Transfers
Citibank logo
5,528.670.1106125.01%
WorldRemit logo
Your amount above the WorldRemit HKD2000 maximum
 
WorldFirst logo
WorldFirst: Foreign Transfer HKD→EUR
From Amount (HKD)HK$50,000
Fee:
Exchange Rate:0.1158 (0.52% from mid-rate)
To Amount (EUR)5,790
Total Cost:0.52%
Time:1:06 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.6/5.0
Reviews:
 
OFX logo
OFX: Foreign Transfer HKD→EUR
From Amount (HKD)HK$50,000
Fee:0 for BER users (normally $15)
Exchange Rate:0.1139 (2.15% from mid-rate)
To Amount (EUR)5,695
Total Cost:2.15%
Difference:
€95 EUR less than using WorldFirst
Time:
Rate Fetched: Fri Jan 24 2020 00:16:12 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 
DBS Bank logo
DBS Bank: Foreign Transfer HKD→EUR
From Amount (HKD)HK$50,000
Fee:50
Exchange Rate:0.1128 (3.09% from mid-rate)
To Amount (EUR)5,634.36
Total Cost:3.19%
Difference:
€156 EUR less than using WorldFirst
Time:1:06 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Banks - Average Rate
Foreign Transfer HKD→EUR
From Amount (HKD)HK$50,000
Fee:55
Exchange Rate:0.1119 (3.87% from mid-rate)
To Amount (EUR)5,573
Total Cost:4.24%
Difference:
€217 EUR less than using WorldFirst
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 
HSBC logo
HSBC: Foreign Transfer HKD→EUR
From Amount (HKD)HK$50,000
Fee:HK$80 HKD (Minimum fee)
Exchange Rate:0.1113 (4.38% from mid-rate)
To Amount (EUR)5,556.1
Total Cost:4.53%
Difference:
€234 EUR less than using WorldFirst
Time:1:06 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Citibank logo
Citibank: Foreign Transfer HKD→EUR
From Amount (HKD)HK$50,000
Fee:12
Exchange Rate:0.1106 (4.98% from mid-rate)
To Amount (EUR)5,528.67
Total Cost:5.01%
Difference:
€261 EUR less than using WorldFirst
Time:1:06 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
WorldRemit logo
WorldRemit: Foreign Transfer HKD→EUR
From Amount (HKD)HK$50,000
Fee:
Transfer Speed:1 day
Services:Bank Transfers & Cash Pickup - Online only
Rating:
 
: 4.5/5.0
Reviews:
 
Snapshot 01/24/2020 - See full table
 

Euro to United States Dollar - Historical Rates

PeriodChange*EUR/USDDate
1 Day-0.2%1.105523 Jan 2020
7 Day-0.6%1.109117 Jan 2020
30 Day-0.6%1.109525 Dec 2019
3 Month-0.5%1.108126 Oct 2019
1 Year-2.5%1.131324 Jan 2019
5 Year-1%1.114325 Jan 2015
10 Year-21.6%1.407326 Jan 2010

*For period to 24-Jan 21UTC when EUR/USD was 1.1029

Euro to British Pound Sterling - 10 Year History

PeriodChange*EUR/GBPDate
1 Day+0.1%0.842723 Jan 2020
7 Day-1%0.852117 Jan 2020
30 Day-1.4%0.855425 Dec 2019
3 Month-2.4%0.863826 Oct 2019
1 Year-2.2%0.862324 Jan 2019
5 Year+13.6%0.742625 Jan 2015
10 Year-3.3%0.872626 Jan 2010

*For period to 24-Jan 21UTC when EUR/GBP was 0.8434

Euro to Australian Dollar - Historical Rates

PeriodChange*EUR/AUDDate
1 Day+0.1%1.614523 Jan 2020
7 Day+0.2%1.613517 Jan 2020
30 Day+0.9%1.602225 Dec 2019
3 Month-0.5%1.624226 Oct 2019
1 Year+1.3%1.595024 Jan 2019
5 Year+14.3%1.414525 Jan 2015
10 Year+3%1.569026 Jan 2010

*For period to 24-Jan 21UTC when EUR/AUD was 1.6163

Country Guides - Full List (A-Z)

A
B
C
D
E
F
G
H
I
J
K
L
M
N
O
P
Q
R
S
T
U
V
W
Y
Z