Euro Exchange Rate: Tips on Rates And How to Use The Euro

August 13th, 2012

The euro exchange rate fluctuates constantly, but at the time of writing circa. 1.27 from pounds to the euro. The rate was much better during the year 2007 with an exchange of 1.4 to 1.5 to the pound. The Euro note has recently taken a large economic downfall; beginning is later 2007 with a sudden turn-around from a previously good rate. At this time, the Euro had a rate of nearly 1 to 1, but has recovered somewhat within the past 3 years, beginning in 2009.

The official zones that utilize the Euro are Austria, Belgium, Cyprus, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia and Spain. It is also commonly used in Andorra, Kosovo, Montenegro and many of the islands of the euro nations, including the Canaries and the Azores.

When traveling, there are several tips to remember when using the Euro and thinking of the best exchange rate. Euros come in a variety of notes, including 5, 10, 20, 50, 100, 200 and 500 amounts. Coins come in 1 and 2 euro, and 1, 2, 5, 10, 20 and 50-cent amounts. Although it may be easier to travel with larger bills to take a lighter load, it is actually best to travel with several smaller notes. Many hotels and local businesses do not accept larger notes, and keeping less coin change is always more beneficial to travel light.

Another beneficial tip when working with the euro is to pre-order notes before travelling. They can be ordered through a local post office or many different banks. There is an online ordering system, on demand or purchases via telephone. Exchanging money prior to travelling can ensure a better exchange rate and keep costs down as an alternative to exchanging money at an airport or locally.

To read more about the Euro exchange rate, as well as other conversion rates, money systems and currencies, visit Best Exchange Rates UK. The site also specializes in international mortgages, business currency exchange and private currency exchange. With a risk free guarantee, Best Exchange Rates UK is always a safe bet when checking the euro exchange rate prior to travelling.