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Foreign Exchange Guide to Slovakia

This currency guide to Slovakia helps you choose the best way to save money on EUR transfers and travel money.    [HKD/EUR=0.1141]

 
Slovakia
Country Code:
SK
Domestic Currency:
Euro
Symbol - Code:
€ EUR
Telephone Prefix:
+421

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


In this Slovakia 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 Slovakia - currency & money saving tips
  4. Buying Euro cash online - travel money for Slovakia
  5. Sending money to Slovakia - save on Euro bank transfers to Slovakia
  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

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 HKD to EUR exchange rate and trend for the previous 3 months:

ALERTS: 1-DAY DOWN 1.2% | 30-DAY LOW |
At 0.1141 HKD/EUR is trading below its 90-DAY average 0.1152 with HIGH-LOW 0.1171-0.113. ALERTS: Today HKD/EUR is DOWN 1.2% and has also dropped to a 30-DAY LOW. Updated: 14:21-AEDT 04:21-BST 23:21-EDT

Travel, Currency and Money saving tips for Slovakia

 

Right in the heart of Europe, Slovakia is a land of castles and mountains, occasionally punctuated by industrial sprawl. More than a quarter-century after Czechoslovakia's break-up, Slovakia has emerged as a self-assured, independent nation. Capital city Bratislava draws visitors to its resplendent old town and tankard-clanking drinking culture. But Slovakia shines brightest for lovers of the outdoors. Walking trails in the High Tatras wend through landscapes of unearthly beauty, with mirror-still glacier lakes backed by 2000m peaks. Near the Austrian border, capital city Bratislava features a pedestrian-only Old Town with a lively cafe scene. Rising on a hill above the Danube River, Bratislava Castle houses a branch of the Slovak National Museum, with displays ranging from Roman artifacts to 20th-century arts and crafts.

What currency is used in Slovakia?

Slovakia’s currency is the Euro. The euro is the second most traded currency in the world, behind the US dollar, so it’s very likely that your bank will have euros on hand. However, there’s no guarantee that your home bank will offer the most competitive exchange rate.

In Slovakia, Visa, MasterCard and Maestro are extremely common and thus widely accepted. American Express isn't accepted everywhere. Though cards are commonly used, it’s always a good idea to carry a small amount of cash in case you happen upon a shop or restaurant that doesn’t accept plastic.

Travel tips for Slovakia.

Slovakia's less-visited east is speckled with quaint churches. Within its national parks are landscapes battle-scarred by the clash of river and stone. Beyond eastern metropolis Košice, a boutique charmer of a city, the Tokaj wine region unfurls across thinly populated countryside. Despite a storied history and varied topography, Slovakia is small. For visitors, that can mean fortresses, hiking and beer-sloshing merriment – all in the space of a long weekend.

 

Travel money for Slovakia

 

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.

   

Slovakia Trip Checklist    

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

Sending money to Slovakia

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

When sending money to Slovakia 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 Slovakia.

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
5,6750.113500.53%
OFX logo
5,5550.11110 for BER users (normally $15)2.63%
DBS Bank logo
5,499.50.1101503.6%
Banks - Average Rate
DBS Bank logo Citibank logo HSBC logo
5,4400.1089554.65%
HSBC logo
5,421.310.1086HK$804.97%
Citibank International Money Transfers
Citibank logo
5,398.70.108125.37%
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:0.1135 (0.53% from mid-rate)
To Amount (EUR)5,675
Total Cost:0.53%
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:0.1111 (2.63% from mid-rate)
To Amount (EUR)5,555
Total Cost:2.63%
Difference:
€120 EUR less than using WorldFirst
Time:
Rate Fetched: Sat Oct 19 2019 00:16:09 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:0.1101 (3.51% from mid-rate)
To Amount (EUR)5,499.5
Total Cost:3.6%
Difference:
€175 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:0.1092 (4.29% from mid-rate)
To Amount (EUR)5,440
Total Cost:4.65%
Difference:
€235 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:0.1086 (4.82% from mid-rate)
To Amount (EUR)5,421.31
Total Cost:4.97%
Difference:
€254 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:0.1080 (5.35% from mid-rate)
To Amount (EUR)5,398.7
Total Cost:5.37%
Difference:
€276 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 10/19/2019 - See full table
 

EUR/USD - Euro to United States Dollar - Historical Rates

PeriodChange*EUR/USDDate
1 Day+0.4%1.112517 Oct 2019
7 Day+1.2%1.103911 Oct 2019
30 Day+1.3%1.102918 Sep 2019
3 Month-0.5%1.122820 Jul 2019
1 Year-2.5%1.145418 Oct 2018
5 Year-12.4%1.274719 Oct 2014
10 Year-25.2%1.492820 Oct 2009

*For period to 18-Oct 21UTC when EUR/USD was 1.1170

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

PeriodChange*EUR/GBPDate
1 Day-0.5%0.864817 Oct 2019
7 Day-1.4%0.873011 Oct 2019
30 Day-2.7%0.884518 Sep 2019
3 Month-4.2%0.898120 Jul 2019
1 Year-2.2%0.879818 Oct 2018
5 Year+8.6%0.792319 Oct 2014
10 Year-5.5%0.910820 Oct 2009

*For period to 18-Oct 21UTC when EUR/GBP was 0.8605

EUR/AUD - Euro to Australian Dollar - Historical Rates

PeriodChange*EUR/AUDDate
7 Day+0.3%1.625111 Oct 2019
30 Day+0.8%1.616518 Sep 2019
3 Month+2.2%1.594620 Jul 2019
1 Year+1%1.614218 Oct 2018
5 Year+12%1.455519 Oct 2014
10 Year+0.9%1.615820 Oct 2009

*For period to 18-Oct 21UTC when EUR/AUD was 1.6296

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