Malta - Euro - Currency Guide

This is a currency guide to Malta, the Euro currency plus sending (EUR) transfers and travel tips for Malta.

 
 
CountryMalta
FlagMalta
Country CodeMT
Domestic Currency Euro
Currency Symbol
Currency CodeEUR
Exchange RateUSD/EUR = 0.9074
Telephone Prefix+356

Quick Conversions from US Dollar to Euro

USD

EUR

U$ 1
€ 0.9074
U$ 5
€ 4.5370
U$ 10
€ 9.0740
U$ 20
€ 18.15
U$ 50
€ 45.37
U$ 100
€ 90.74
U$ 250
€ 226.85
U$ 500
€ 453.70
U$ 1,000
€ 907.40
U$ 2,000
€ 1,815
U$ 5,000
€ 4,537
U$ 10,000
€ 9,074
U$ 50,000
€ 45,370
U$ 100,000
€ 90,740
More amounts

USD

EUR

U$ 1.1020
€ 1
U$ 5.5100
€ 5
U$ 11.02
€ 10
U$ 22.04
€ 20
U$ 55.10
€ 50
U$ 110.20
€ 100
U$ 275.50
€ 250
U$ 551.00
€ 500
U$ 1,102
€ 1,000
U$ 2,204
€ 2,000
U$ 5,510
€ 5,000
U$ 11,020
€ 10,000
U$ 55,100
€ 50,000
U$ 110,200
€ 100,000
More amounts

To calculate specific USD/EUR amounts use our Convert USD to EUR quick calculator. To read more about the latest exchange rate trends and to compare FX provider rates view USD to EUR Rate Guide.

Malta Currency Info

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.


Frequently Asked Questions


What currency should I use in Malta?

The domestic currency in Malta is the Euro.

What is the Euro currency code and symbol?

The three letter currency code for the Euro is EUR — symbol is .

How much is U$100 US Dollars in Euro?

U$ 100 converts to € 90.74

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.

Is the Euro a closed currency?

No, the Euro is freely available and convertible. See guide: What is a closed currency?


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:1-DAY1% 🔔|
USD/EUR at 0.9078 was trading near AVG:0.9054 with LO:0.8739 and HI:0.9381 (90 days). ALERT: USD/EUR has reversed trend and is UP 1%
31-MAR 3PM-NY 8PM-LON 01-APR 3AM-HK 6AM-SYD
Booking.com

Travel, Currency and Money saving tips for Malta

The entire country spans only 196 square miles, making it an easy destination to explore, and, despite being a popular spot for European travelers, Malta still feels like an undiscovered gem.. Malta is packed with historical sites, from the UNESCO-protected ancient temples to the three ancient cities on the harbor. Archeology buffs will enjoy wandering through the Ħal Saflieni Hypogeum, an ancient underground cemetery thought to have been used between 4,000 and 2,500 B.C.

Malta's landscape contrasts rocky stretches of coast that end in dizzying limestone cliffs with sheltered bays that hide gin-clear water and red-gold beaches. The islands' many marinas jostle with boats, and you can take to the water in sky-blue traditional craft, stately yachts or speedboats.

Malta.

Malta and Gozo’s astounding prehistoric sites were constructed by sophisticated-seeming temple builders, who also left miniature figurines and mammoth sculptures of ‘fat ladies’, which have survived millennia and are housed in Malta's fascinating museums. Out in the open, gigantic temples and towers from many different eras stand proud, continuing their endless watch over the sea. The most extraordinary site of all lies underground: Hal Saflieni Hypogeum, a 5000-year-old necropolis carved from the living rock.

What currency is used in Malta?

On 1st January 2008 Malta adopted the euro as its currency. Exchange bureaux at Malta International Airport are open 24 hours a day. International bank cards are accepted and foreign currency is easily exchanged. Banks, Automated Teller Machines (ATMs) and exchange bureaux can be found all over the Islands. The majority of hotels, larger shops and restaurants also accept payment in the main international currencies.

How to get around in Malta?

Local buses are good, especially in the Northern area and from Sliema you will find direct links to Valletta, Mdina, Malta, St Paul's Bay, Mellieha and Cirkewwa for the Gozo ferry. Some buses will get busy, especially at peak times when locals use them for commuting.The public bus service on Malta and Gozo is a good way to get around as buses serve the major tourist areas, go practically everywhere and are inexpensive and efficient.

Valletta Ferry Services operates regular ferries between Valletta's Marsamxett Harbour and Sliema, as well as from near Valletta Waterfront to the Three Cities. There are no train services in Malta.

The white taxi service can pick up passengers from anywhere, except bus-stops. Taxi services from the Malta International Airport and the Seaport Terminal to all localities in Malta are based on a fixed tariff. Official Maltese taxis are white (usually Mercedes, with a taxi sign on top; www.maltataxi.net). To combat regular complaints of overcharging, taxi drivers must by law use the meter to determine the fare (except from the airport and sea port, where there are set fares). Renting a car is a good option if you want to get to the farther reaches of the island. All the road signs are in English and driving is on the left.

Travel tips for Malta.

Gozo may be a third of the size of Malta, but you'll be surprised to learn that there’s plenty to see and do on the island. Tourists often make the mistake of thinking that they can see all of Gozo in one day. Get off the beaten path – walk along the Gozo’s rugged coastline, go for a swim at a secluded beach and explore the island’s picturesque hamlets. Despite its lack of green areas, Malta is still a great place for hiking. The island has a range of easy to challenging walking trails running along the coast and cutting through the countryside.

Any time of year will be beautiful in Malta, and although locals prefer to hop in the sea only during the summer, most visitors will find it warm enough to enjoy year round.

 

Travel money for Malta

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 Provider Amount EUR(€) Exchange RateFee USDDeal Links
Travelex Online US logo
829.50
8.7%
Best Overall
0.82950^
U.S. Bank Foreign Currency
U.S. Bank logo
804.60
11.44%
€25 less
0.80460
Banks - Average Rate
U.S. Bank logo Wells Fargo Bank logo
796.56
12.32%
€33 less
0.8046U$10
Wells Fargo Bank logo
788.51
13.21%
€41 less
0.8046U$20
 
Travelex Online US logo
Travelex Online US: Travel Money USD→EUR
From Amount (USD)U$1,000
Fee:$0 - No fees for Debit & Credit Cards
Exchange Rate:0.8295 (8.7% from mid-rate)
To Amount (EUR)829.50
Total Cost:8.7%
Time:
Rate Fetched: Tue Mar 31 2020 18:00:05 GMT+0000 (UTC)
Currency Services:FREE Home delivery & Branch pickup
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
 
U.S. Bank logo
U.S. Bank: Travel Money USD→EUR
From Amount (USD)U$1,000
Fee:0
Exchange Rate:0.8046 (11.44% from mid-rate)
To Amount (EUR)804.60
Total Cost:11.44%
Time:18:04 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 
Banks - Average Rate
Travel Money USD→EUR
From Amount (USD)U$1,000
Fee:U$10 USD (1%)
Exchange Rate:0.7949 (12.5% from mid-rate)
To Amount (EUR)796.56
Total Cost:12.32%
Currency Services:Branch
Delivery/Collect:-
 
Wells Fargo Bank logo
Wells Fargo Bank: Travel Money USD→EUR
From Amount (USD)U$1,000
Fee:U$20 USD (Minimum fee)
Exchange Rate:0.8046 (11.44% from mid-rate)
To Amount (EUR)788.51
Total Cost:13.21%
Time:18:04 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 
Snapshot 03/31/2020 - View latest rates

Malta Trip Checklist    

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

Sending money to Malta

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

When sending money to Malta 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 Malta.

Use our Send to Euro 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 Provider Receive EUR(€) Exchange RateFee USDDeal Links
OFX logo
9,012
0.8%
Best Overall
0.90120^
XE logo
8,971
1.25%
€41 less
0.89710
Wells Fargo Bank logo
8,739.24
3.81%
€273 less
0.875518
HSBC logo
8,732.88
3.88%
€279 less
0.8746U$15
Banks - Average Rate
Bank of America logo U.S. Bank logo Wells Fargo Bank logo HSBC logo
8,680
4.46%
€332 less
0.873115
Bank of America International Money Transfers
Bank of America logo
8,623.89
5.08%
€388 less
0.8711U$100
U.S. Bank International Money Transfers
U.S. Bank logo
8,623.89
5.08%
€388 less
0.8711U$100
 
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:0.9012 (0.8% from mid-rate)
To Amount (EUR)9,012
Total Cost:0.8%
Time:
Rate Fetched: 18:04 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:0.8971 (1.25% from mid-rate)
To Amount (EUR)8,971
Total Cost:1.25%
Difference:
€41 EUR less than using OFX
Time:18:04 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:0.8755 (3.63% from mid-rate)
To Amount (EUR)8,739.24
Total Cost:3.81%
Difference:
€273 EUR less than using OFX
Time:18:04 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:0.8746 (3.73% from mid-rate)
To Amount (EUR)8,732.88
Total Cost:3.88%
Difference:
€279 EUR less than using OFX
Time:18:04 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:0.8693 (4.31% from mid-rate)
To Amount (EUR)8,680
Total Cost:4.46%
Difference:
€332 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:0.8711 (4.12% from mid-rate)
To Amount (EUR)8,623.89
Total Cost:5.08%
Difference:
€388 EUR less than using OFX
Time:18:04 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:0.8711 (4.12% from mid-rate)
To Amount (EUR)8,623.89
Total Cost:5.08%
Difference:
€388 EUR less than using OFX
Time:18:04 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Snapshot 03/31/2020 - View latest rates
  

USD to EUR International Money Transfers

  

Foreign Transfer Provider Receive EUR(€) Exchange RateFee USDDeal Links
OFX logo
9,012
0.8%
Best Overall
0.90120^
XE logo
8,971
1.25%
€41 less
0.89710
Wells Fargo Bank logo
8,739.24
3.81%
€273 less
0.875518
HSBC logo
8,732.88
3.88%
€279 less
0.8746U$15
Banks - Average Rate
Bank of America logo U.S. Bank logo Wells Fargo Bank logo HSBC logo
8,680
4.46%
€332 less
0.873115
Bank of America International Money Transfers
Bank of America logo
8,623.89
5.08%
€388 less
0.8711U$100
U.S. Bank International Money Transfers
U.S. Bank logo
8,623.89
5.08%
€388 less
0.8711U$100
 
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:0.9012 (0.8% from mid-rate)
To Amount (EUR)9,012
Total Cost:0.8%
Time:
Rate Fetched: 18:04 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:0.8971 (1.25% from mid-rate)
To Amount (EUR)8,971
Total Cost:1.25%
Difference:
€41 EUR less than using OFX
Time:18:04 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:0.8755 (3.63% from mid-rate)
To Amount (EUR)8,739.24
Total Cost:3.81%
Difference:
€273 EUR less than using OFX
Time:18:04 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:0.8746 (3.73% from mid-rate)
To Amount (EUR)8,732.88
Total Cost:3.88%
Difference:
€279 EUR less than using OFX
Time:18:04 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:0.8693 (4.31% from mid-rate)
To Amount (EUR)8,680
Total Cost:4.46%
Difference:
€332 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:0.8711 (4.12% from mid-rate)
To Amount (EUR)8,623.89
Total Cost:5.08%
Difference:
€388 EUR less than using OFX
Time:18:04 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:0.8711 (4.12% from mid-rate)
To Amount (EUR)8,623.89
Total Cost:5.08%
Difference:
€388 EUR less than using OFX
Time:18:04 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Snapshot 03/31/2020 - View latest rates

Euro to US Dollar - Historical Rates

PeriodChange*EUR/USDDate
1 Day-0.8%1.113729 Mar 2020
7 Day+2.6%1.076423 Mar 2020
30 Day+0.2%1.102829 Feb 2020
3 Month-1.5%1.122031 Dec 2019
1 Year-1.6%1.122331 Mar 2019
5 Year+2.6%1.077101 Apr 2015
10 Year-18.1%1.349902 Apr 2010

*For period to 30-Mar 21UTC when EUR/USD was 1.1049

Euro to Pound Sterling - 10 Year History

PeriodChange*EUR/GBPDate
1 Day-0.3%0.894529 Mar 2020
7 Day-3.9%0.928323 Mar 2020
30 Day+3.7%0.860129 Feb 2020
3 Month+5.4%0.846131 Dec 2019
1 Year+3.5%0.861931 Mar 2019
5 Year+22.8%0.726201 Apr 2015
10 Year+0.5%0.887202 Apr 2010

*For period to 30-Mar 21UTC when EUR/GBP was 0.8919

Euro to Australian Dollar - Historical Rates

PeriodChange*EUR/AUDDate
1 Day-0.6%1.803029 Mar 2020
7 Day-2.2%1.832023 Mar 2020
30 Day+5.7%1.694329 Feb 2020
3 Month+12%1.599431 Dec 2019
1 Year+13.5%1.578031 Mar 2019
5 Year+26.5%1.416601 Apr 2015
10 Year+21.9%1.469402 Apr 2010

*For period to 30-Mar 21UTC when EUR/AUD was 1.7913


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