This is a foreign exchange guide to San Marino, the Euro currency plus sending EUR transfers and travel tips.
In this San Marino currency guide we take a look at :
- Euro info - general info about the Euro
- Euro in the markets - recent EUR moves and predictions from the FX markets
- Travelling in San Marino - currency & money saving tips
- Buying Euro cash online - travel money for San Marino
- Sending money to San Marino - save on Euro bank transfers to San Marino
- Euro exchange rates - latest & historic exchange rates.
- 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 EUR to USD exchange rate and trend for the previous 3 months:
Travel, Currency and Money saving tips for San Marino
The Most Serene Republic of San Marino is a must-see destination for lovers of history—and for those who love picturesque panoramas. A sole survivor of Italy's once powerful city-state network, this landlocked micronation clung on long after the more powerful kingdoms of Genoa and Venice folded. And still it clings, secure in its status as the world's oldest surviving sovereign state and its oldest republic (since AD 301). San Marino also enjoys one of the planet's highest GDP per capita.
San Marino is a mountainous microstate surrounded by north-central Italy. Among the world’s oldest republics, it retains much of its historic architecture. On the slopes of Monte Titano sits the capital, also called San Marino, known for its medieval walled old town and narrow cobblestone streets. The Three Towers, castlelike citadels dating to the 11th century, sit atop Titano’s neighboring peaks.
What currency should I use in San Marino?
San Marino uses the euro and has a well-developed banking network. You should have no problem finding an ATM - which might also be marked up with the word Bankomat - in the cities in this tiny country. However, if you’re headed off the beaten track, then carry cash. ATMs can be found in bank branches, in shopping centres and near supermarkets. Find the most convenient location for you, using one of the following ATM locators from national and regional banks.
How to get around in San Marino?
Whether as a day trip or weekend getaway, San Marino is easily reached from central Italian cities like Rimini (30 mins), Bologna (1.5 hours) and Florence (2.5 hours) by bus or rental car. Hopping over from Italy to San Marino is quite easy: There is no border control, so you don’t need your passport to enter… but you can ask for a stamp in the tourist department as a souvenir! The local currency is the Euro and the official language is Italian, although most shops and restaurants speak English.
Bonelli Bus and Benedettini operate 12 buses daily to/from Rimini (one-way €5, 50 minutes), arriving at Piazzale Calcigni. The SS72 leads up from Rimini. Leave your car at one of Città di San Marino's numerous car parks and walk up to the centro storico. Alternatively, park at car park 11 and take the funivia. In the opposite direction, the funavia leaves from next to the tourist office.
There’s no internal rail system and local bus services are limited. It is worth noting, if you’re staying in a Sammarinese hotel, you are entitled to a discount on local bus fares (though not on the crossborder service to Rimini, Italy). Cars are banned in the historic centre of the capital.
Travel tips for San Marino.
Città di San Marino's highlights are its spectacular views, its Unesco-listed streets, and a stash of rather bizarre museums dedicated to vampires, torture, wax dummies and strange facts (pick up a list in the tourist office). Ever popular in summertime is the hourly changing of the guard in Piazza della Libertà. A Multimuseo card (€10) is a good bargain for entrance to all of the state museums.
San Marino has a Mediterranean climate with warm summers moderated by sea breezes. However, in summer the streets are clogged with visitors, especially on the weekends. In winter, the republic’s high altitude (it is built on the Apennine range) ensures it sees a sprinkling of snow. Visit on 9 September and you will be treated to a crossbow tournament held to celebrate the anniversary of the republic’s foundation. The Mille Miglia classic car rally from Brescia to Rome usually goes through San Marino in mid-May.
Travel money for San Marino
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.
San Marino Trip Checklist
Sending money to San Marino
When searching around for information on how to get a good exchange rate when sending money to San Marino 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 San Marino
When sending money to San Marino 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 Euro 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 EUR amount will be transfered to the recipient account you specify in San Marino.
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!