Euro foreign exchange rates
Currencies below quoted against EUR (base currency): Jul 16, 2018
Which currency is the most secure to hold savings in, so that they wouldn't decrease in the value over time?
Nico, thank you for a question. It’s hard to say which currency is the most reliable and stable for your own personal capital, yet the smartest thing to do would be to choose the currencies that are acknowledged as the most secure and popular in the world. If you own particularly large amount of money, you should do a better research and hire a financial consultant who would analyze which currencies are the best for your savings and determine what meets your needs. Some of the currencies that are considered to be the most secure are: Norwegian krone, euro, US dollar, Swiss franc, Swedish krona, British pound, Canadian dollar, Japanese yen.
Good day, is it better to bring US dollars or euros exchange to Thai bats in Thailand? Thanks!
Ted, the best idea would be to possess Thailand’s local currency - Thai baht, you’ll be able to exchange dollars or euros when you arrive, because there are plenty of currency exchange points in Thailand. However, I would recommend taking the money out of the cash machine: it will be safer and the exchange rate will be better. If you’re only interested in getting advice on whether to bring US dollars or euros, then I would suggest choosing dollars. Good luck!
Is there any possibility that a dollar will ever become equal to euro (dollar-euro parity)? When could this happen? What does it depend on?
Paul, there is always a possibility that this could happen and more and more people are starting to talk about it. It is influenced by a wide range of factors. I suggest analysing the situation based on these facts:
- The economy of the United States is very strong at the moment.
- A responsible US FED’s approach to raising interest rates cautiously.
- The investors start to acknowledge USA.
- The euro zone is not entirely stable at the moment (Roughly speaking - low interest rate (it’s unclear when when will it rise), Germany recession, refugees, terrorism).
There is no way telling when would euro become equal to US dollar, but it’s very possible if the situation in the eurozone doesn’t improve. You should keep track of out currency news in order to gain a better understanding of the future prospects.
Hello. What is your opinion on the future of the pound in regard to euro after what has happened yesterday in the UK? Thank you.
Dexter, thank you for the question. As I mentioned before, pound exchange rate is going to be very unstable during the period of withdrawal from the European Union. However, in my opinion, Great Britain will benefit from its decisions and the pound will recover in a long period of time. The situation is very unstable at the moment and the pound is sensitive to any changes, the markets need to settle and deal with this situation. There is going to be a lot of discussions regarding the exit bill that the UK will be required to pay, it will also concern customs, trade and other aspects, which are going to depend on Britain. I believe that that Britain will deal with the issue and leave UK, which will make the pound grow stronger. We will find out if my wrong in a couple of years. Meanwhile, the forecast for the pound is very unpredictable and unstable.
Hello, how much euros I would receive, if I sell 2000 Iranian rials? Thank you.
Greese, thank you for your question. 2000 Iranian rials equals approximately 0,06 euros. You won’t be able to convert this currency in cash in many countries, you have to double check, but you can calculate the values using euro and Iranian rial currency converter in currexy.com.
Hello. My daugher ripped off a part of the 20 euro note. Where can I get it exchanged?
Leen, thank you for your question. If the banknote proves to be a real, any bank in Euro zone should exchange it free of charge. Keep in mind, that even burnt banknotes can be exchanged to the new ones as long as they can be proven to be genuine banknotes. There should be no problem in your case.
Cash experts, in performing a cash acceptability evaluation, establish whether damaged money can be reimbursed.
Our experts evaluate cash that has been damaged in a variety of ways (burnt, mouldy, torn, decayed, rotten, etc.) to establish whether the value of cash submitted for evaluation can be reimbursed.
In evaluating money, experts use all sorts of different tools: needles, tweezers, water baths, paper filters, ultraviolet or infra-red lighting.
Bring the damaged banknotes to any central bank in Euro zone cash offices and present it to the employees of the bank. They will let you know whether you will need to fill out a request form and conduct evaluation, or perhaps they will exchange the banknote right away. Also you can try to exchange in any commercial bank, but there could be some fee. Good luck!
Hi, i use Revolut and i paid 1 euro fee for taking out 250 euro in Italy. I thought it was free up to 500 / month. Do you know is it legal to do this? Revolut support says that they can change conditions any time.
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