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Foreign Exchange Guide to Montenegro

Read this currency guide to Montenegro with money transfer and travel tips.   [USD/EUR=0.8869]

Montenegro
Country Code:
ME
Domestic Currency:
Euro
Symbol - Code:
€ EUR
Telephone Prefix:
+382

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


In this Montenegro 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 Montenegro - currency & money saving tips
  4. Buying Euro cash online - travel money for Montenegro
  5. Sending money to Montenegro - save on Euro bank transfers to Montenegro
  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 is heading higher, experts said in November.

Increasingly, complications over Brexit are seen to be a UK problem; less so for the euro area.

With this in mind, and despite disappointing economic data of late, Citibank is confident of a long-term move in EUR/USD to $1.3, from $1.139 at the time of this report (November-21). “Underpinned by the less accommodative policies of the ECB,” the euro will most likely achieve this target, which represents a 14 percent gain, before the end of 2019, Citi has said.

Relative to the pound, the euro had recovered in the days leading up to this report into the £0.89s, from the mid-£0.86s. With political turmoil in the UK, there is room for the exchange rate to reach £0.92 in the months ahead, a Nordea Markets analyst believes. A return to £0.92 would take EUR/GBP back to levels not seen since September 2017.

For EUR/CHF, which averaged Fr1.137 in the weeks leading up to this report, a 5.5 percent rise to Fr1.2 is due sometime within the next 6-12 months, per analysts at Danske Bank.

The interactive chart below shows the USD to EUR exchange rate for the previous 3 months with rate alerts for days when the exchange rate moved up or down significantly or for 30 day highs and lows.


USD-EUR 3 Month chart
USD-EUR 3 Month chart
USDEUR currency converter

Travel, Currency and Money saving tips for Montenegro

 

Recently it's almost impossible to come across a travel section without someone trumpeting Montenegro as the new 'it' destination. With its rugged mountain views and glistening seaside ports, it’s surprising that the charm and allure of Montenegro has been reserved for locals or those visiting from other Balkan states. Thanks to new cruise ship routes, high-end hotel openings, and a flood of interest from off-the-beaten-path travel enthusiasts, Montenegro is quickly becoming the place to go on the Adriatic. From sweeping views to a fresh focus on food—and ample outdoor activities to keep your heart pumping—this often-overlooked country might be the most surprising place you visit in recent years.

What currency should I take to Montenegro?

The official currency of Montenegro is the Euro. Credit cards are widely accepted throughout the country. There are ATM machines in almost every city. MasterCard, Maestro and Visa cards can be used for payment in many shops and gas stations. Other cards are accepted in some of the Banks in Montenegro.

The prices in Montenegro are not equal all year round. They are often changing according to demand, season, place etc. The prices are significantly higher during the main season at the coast than the prices in inland or during the off-season time. They are adjusted in compliance with measures and purposes of the Montenegrin authorities.

Getting around in Montenegro.

The local bus network is extensive and reliable. Buses are usually comfortable and air-conditioned; they’re rarely full. It’s usually not difficult to find information on services and prices from the bus station. Most have timetables prominently displayed, although they’re not always up to date.It’s a bit cheaper to buy your ticket on the bus rather than at the station, but a station-bought ticket theoretically guarantees you a seat. Reservations are only worthwhile for international buses, at holiday times, or where long-distance journeys are infrequent.

Most Montenegrin towns, even Podgorica, are small enough to be travelled by foot. Podgorica is the only city to have a useful local bus network, costing 80c per trip. Taxis are easily found in most towns. If they’re not metered, be sure to agree on a fare in advance. Some Budva taxis have their meters set at extortionate rates, so ask to be let out if you suspect something's amiss.

Independent travel by car or motorcycle is an ideal way to gad about and discover the country; some of the drives are breathtakingly beautiful. Traffic police are everywhere, so stick to speed limits and carry an International Driving Permit. Allow more time than you’d expect for the distances involved as the terrain will slow you down. You’ll rarely get up to 60km/h on the Bay of Kotor road, for instance. As long as you have registration/ownership papers with you and valid insurance cover, there should be no problem driving your car into Montenegro.

The trains are old and can be hot in summer, but they’re priced accordingly and the route through the mountains is spectacular.

There are no regular ferry services within Montenegro, but taxi boats are a common sight during summer. They can be hailed from the shore for a short trip along the coast or to one of the islands. They’re harder to find outside the high season; look for them at the marinas. Some boats advertise set cruises, but normally they operate on an ad hoc basis.

Travel tips for Montenegro.

It's not even 300km from tip to toe, but Montenegro's coastline crams in some of Europe’s most spectacular seaside scenery. Mountains jut sharply from crystal-clear waters in such a way that the word 'looming' is unavoidable. Ancient walled towns cling to the rocks and dip their feet in the water like they're the ones on holiday.

When the beaches fill up with Eastern European sunseekers, intrepid travellers can easily sidestep the hordes by getting off the beaten track in the rugged mountains of Durmitor and Prokletije, the primeval forest of Biogradska Gora, or in the many towns and villages where ordinary Montenegrins go about their daily lives. Hike, horse ride, mountain bike or kayak yourself to somewhere obscure and chances are you'll have it all to yourself. This is, after all, a country where wolves and bears still lurk in forgotten corners.

Montenegro’s ski season lasts from roughly January to March, with the peak time being around New Year. The best-equipped ski resort is near Kolašin, but the most reliable skiing is in Durmitor National Park, where there are slopes close to Žabljak with options for beginners or serious skiers. There are also small ski centres near Nikšić and Rožaje in the east. Cross-country skiing can be undertaken in Lovćen and Durmitor National Parks.

 

Travel money for Montenegro

 

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.

 

Compare USD to EUR Travel Money Exchange Rates vs the Banks

ProvidersAmount EUR(€)Exchange RateFee USDTotal CostReviewsDeal Links
Wells Fargo Bank logo
829.28 EUR
Top Provider
0.8462$206.38%
U.S. Bank
U.S. Bank logo
829.20 EUR
EUR0.08 less
0.829206.39%
Average Rate:
Banks - Average Rate
U.S. Bank logo Wells Fargo Bank logo
829.24 EUR
EUR0.04 less
0.8377$106.39%
Travelex Online US logo
799.10 EUR
EUR30 less
0.79910^9.79%
 
Wells Fargo Bank: Travel Money USD→EUR
USD amount:$1,000 USD
Fee:$20 USD (Minimum fee)
Exchange Rate:0.8462 (4.47% from mid-rate)
EUR amount:829.28 EUR
Total Cost:6.38%
Time:12:07 Local
Rating:
: /5.0
Reviews:
U.S. Bank: Travel Money USD→EUR
USD amount:$1,000 USD
Fee:0
Exchange Rate:0.8292 (6.39% from mid-rate)
EUR amount:829.20 EUR
Total Cost:6.39%
Time:12:07 Local
Rating:
: /5.0
Reviews:
 

Banks - Average Rate
U.S. Bank logo Wells Fargo Bank logo

Travel Money USD→EUR
USD amount:$1,000 USD
Fee:$10 USD (1%)
Exchange Rate:0.7751 (12.5% from mid-rate)
EUR amount:829.24 EUR
Total Cost:6.39%
Travelex Online US: Travel Money USD→EUR
USD amount:$1,000 USD
Fee:$0 - No fees for Debit & Credit Cards
Exchange Rate:0.7991 (9.79% from mid-rate)
EUR amount:799.10 EUR
Total Cost:9.79%
Time:
Rate Fetched: Fri Dec 14 2018 10:00:04 GMT+0000 (UTC)
Rating:
 
: 4.3/5.0
Reviews:
 
Sending a LARGER foreign transfer? Shop-around with multiple providers: Get Quotes
Rates @ 12/14/2018.
Total Cost = Fee + exchange rate margin vs USD/EUR mid-rate: 0.8858
 

Montenegro Trip Checklist    

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

Sending money to Montenegro

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

When sending money to Montenegro 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 Montenegro.

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!

 

Compare USD to EUR Foreign Transfers vs the Banks

ProvidersAmount EUR(€)Exchange RateFee USDTotal CostTransfer SpeedTransfer ServicesReviewsDeal Links
OFX logo
8762.00 EUR
Top Provider
0.87620^1.08%1-2 daysOnline, Bank Account to Bank Account
 
WorldFirst logo
8823.00 EUR
EUR61 more
0.882300.4%1-2 daysOnline, Bank Account to Bank Account
 
Wells Fargo Bank logo
8580.53 EUR
EUR181 less
0.8596183.13%2-3 daysOnline, Branch, Bank Account to Bank Account
HSBC logo
8574.12 EUR
EUR188 less
0.8587$153.2%2-3 daysOnline, Branch, Bank Account to Bank Account
Average Rate:
Banks - Average Rate
Bank of America logo U.S. Bank logo Wells Fargo Bank logo HSBC logo
8521.90 EUR
EUR240 less
0.8572153.79%2-3 daysOnline, Branch, Bank Account to Bank Account
Bank of America
Bank of America logo
8466.48 EUR
EUR296 less
0.8552$1004.42%2-3 daysOnline, Branch, Bank Account to Bank Account
U.S. Bank
U.S. Bank logo
8466.48 EUR
EUR296 less
0.8552$1004.42%2-3 daysOnline, Branch, Bank Account to Bank Account
 
OFX: Foreign Transfer USD→EUR
USD amount:$10,000 USD
Fee:0^ - No fees for BestExchangeRates users (normally $12 for smaller transfers)
Exchange Rate:0.8762 (1.08% from mid-rate)
EUR amount:8762.00 EUR
Total Cost:1.08%
Time:
Rate Fetched: Fri Dec 14 2018 10:02:24 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Online, Bank Account to Bank Account
Rating:
 
: 4.8/5.0
Reviews:
WorldFirst: Foreign Transfer USD→EUR
USD amount:$10,000 USD
Fee:
Exchange Rate:0.8823 (0.4% from mid-rate)
EUR amount:8823.00 EUR
Total Cost:0.4%
Difference:
EUR61 EUR more than using OFX
Time:12:07 Local
Transfer Speed:1-2 days
Services:Online, Bank Account to Bank Account
Rating:
 
: 4.6/5.0
Reviews:
Wells Fargo Bank: Foreign Transfer USD→EUR
USD amount:$10,000 USD
Fee:18
Exchange Rate:0.8596 (2.96% from mid-rate)
EUR amount:8580.53 EUR
Total Cost:3.13%
Difference:
EUR181 EUR less than using OFX
Time:12:07 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Account to Bank Account
Rating:
: /5.0
Reviews:
HSBC: Foreign Transfer USD→EUR
USD amount:$10,000 USD
Fee:$15 USD (.15%)
Exchange Rate:0.8587 (3.06% from mid-rate)
EUR amount:8574.12 EUR
Total Cost:3.2%
Difference:
EUR188 EUR less than using OFX
Time:12:07 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Account to Bank Account
Rating:
: /5.0
Reviews:
 

Banks - Average Rate
Bank of America logo U.S. Bank logo Wells Fargo Bank logo HSBC logo

Foreign Transfer USD→EUR
USD amount:$10,000 USD
Fee:15
Exchange Rate:0.8534 (3.66% from mid-rate)
EUR amount:8521.90 EUR
Total Cost:3.79%
Difference:
EUR240 EUR less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Account to Bank Account
Bank of America: Foreign Transfer USD→EUR
USD amount:$10,000 USD
Fee:$100 USD (1%)
Exchange Rate:0.8552 (3.45% from mid-rate)
EUR amount:8466.48 EUR
Total Cost:4.42%
Difference:
EUR296 EUR less than using OFX
Time:12:07 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Account to Bank Account
Rating:
: /5.0
Reviews:
U.S. Bank: Foreign Transfer USD→EUR
USD amount:$10,000 USD
Fee:$100 USD (1%)
Exchange Rate:0.8552 (3.45% from mid-rate)
EUR amount:8466.48 EUR
Total Cost:4.42%
Difference:
EUR296 EUR less than using OFX
Time:12:07 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Account to Bank Account
Rating:
: /5.0
Reviews:
 
Sending a LARGER foreign transfer? Shop-around with multiple providers: Get Quotes
Rates @ 12/14/2018.
Total Cost = Fee + exchange rate margin vs USD/EUR mid-rate: 0.8858
 

Popular EUR cross rates


EUR/USD - Euro to United States Dollar - 10 Year History

DateExchange RatePeriodChange
13 Dec 20181.1355Latest
06 Dec 20181.13771 Week-0.19%
13 Nov 20181.13131 Month+0.37%
16 Jun 20181.16206 Months-2.28%
13 Dec 20171.18371 Year-4.07%
13 Dec 20161.06292 Years+6.83%
14 Dec 20131.37415 Years-17.36%
15 Dec 20081.363910 Years-16.75%

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

DateExchange RatePeriodChange
13 Dec 20180.8996Latest
06 Dec 20180.89021 Week+1.06%
13 Nov 20180.86921 Month+3.5%
16 Jun 20180.87486 Months+2.83%
13 Dec 20170.88271 Year+1.91%
13 Dec 20160.83962 Years+7.15%
14 Dec 20130.84315 Years+6.7%
15 Dec 20080.899010 Years+0.07%

EUR/JPY - Euro to Japanese Yen - 10 Year History

DateExchange RatePeriodChange
13 Dec 2018129.0530Latest
06 Dec 2018128.23641 Week+0.64%
13 Nov 2018128.73231 Month+0.25%
16 Jun 2018128.60666 Months+0.35%
13 Dec 2017133.47581 Year-3.31%
13 Dec 2016122.48982 Years+5.36%
14 Dec 2013141.89825 Years-9.05%
15 Dec 2008123.579110 Years+4.43%

EUR/AUD - Euro to Australian Dollar - 10 Year History

DateExchange RatePeriodChange
13 Dec 20181.5716Latest
06 Dec 20181.57281 Week-0.08%
13 Nov 20181.56481 Month+0.43%
16 Jun 20181.56066 Months+0.7%
13 Dec 20171.55141 Year+1.3%
13 Dec 20161.41822 Years+10.82%
14 Dec 20131.53335 Years+2.5%
15 Dec 20082.042210 Years-23.04%

EUR/CAD - Euro to Canadian Dollar - 10 Year History

DateExchange RatePeriodChange
13 Dec 20181.5170Latest
06 Dec 20181.52371 Week-0.44%
13 Nov 20181.49601 Month+1.4%
16 Jun 20181.53456 Months-1.14%
13 Dec 20171.51741 Year-0.03%
13 Dec 20161.39612 Years+8.66%
14 Dec 20131.45595 Years+4.2%
15 Dec 20081.681410 Years-9.78%

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