The Euro is the single currency for Member States of the European Union, nowadays used by some 334 million people. The euro entered into circulation on 1st January 2002, in order to replace the existing currencies such as the peseta, the franc, the drachma or the escudo.

Countries using the euro

Ever since its birth and until now, a total of nineteen countries out of the twenty-eight forming the European Union have gradually adopted the euro, thus forming the so-called Eurozone. These countries are: Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia and Spain. Lithuania was the last country to enter the Eurozone on January 1st 2015.

However, other nine countries in the European Union have not adopted the euro, such as Bulgaria, Croatia, Denmark, Hungary, Poland, the Czech Republic, the United Kingdom, Romania and Sweden.

Current euro Coins and Banknotes

Billetes de Euro Monedas de euro

There are a total of seven denominations of legal tender euro banknotes: €5, €10, €20, €50, €100, €200 and €500. These notes are all identical for all the countries that use this currency, and their designs reflect the most representative architectural styles of seven ages of the cultural history of Europe. Discover all these notes at the website of theEuropean Central Bank.

On 2nd May 2013 the new €5 note of the Europa series entered into circulation, incorporating a new design and improved security measures.

As for the coins there are eight different denominations: 1, 2, 5, 10, 20 and 50 cent and 1 and 2 euro coins. One common side and one national which identifies the issuing country.

The Governing Council of the European Central Bank (ECB) decides the amount of euro notes issued each year and the total value of the coins issued by each country.

Advantages of a single euro currency

As the Bank of Spain indicates, the euro cash currency, as payment instrument, boasts some unique characteristics:

  • It is the most used in business transactions
  • Its cost is lower than that of electronic payment instruments for small amount transactions.
  • It is readily available to all, and eases payment for people who do not have bank accounts or have restricted access to them or cannot use means of electronic payment.
  • It helps people control their expenses better.
  • It is a safe instrument against fraud and counterfeiting.
  • It is a store of value.

For these reasons, the amount of euro banknotes in circulation has increased continually since it was first issued and this currency has become a reference for the whole Eurozone.

Did you know?

  • The author of the design of euro banknotes is Robert Kalian, from the Austrian National Bank.
  • The seven bridges that appear on euro banknotes actually do not exist.
  • Robin Stam built these imaginary bridges depicted in euro banknotes in a town in the south of the Netherlands.
  • In Spain there are some 84 million €500 banknotes in circulation, one quarter of all such banknotes exiting in the European Union.

Symbol:

ISO:

EUR

Date of creation:

1st January 1999 as virtual currency for non-monetary payments and for accounting purposes.

Date of issue:

1st January 2002

Authority:

European Central Bank.

Online money order

Online money order: best price guaranteed

Make your order online and collect it at the branch of your choice.

Pre-order currency
Your best rate

Why change currency with us rather than your bank

    Global Exchange Global Exchange   Your Bank
Currencies available   More than 60 currencies. We are specialists   Only the most common ones. Banks do not offer this specialist service.
Ready currency   Ever ready, immediately, in our branches at the airport.   Banks order currency and have to await delivery.
Currency divided in different denominations.   Of course! We care about you and your needs while you travel abroad.   No. Prepare for refusals and complaints in foreign languages when paying with «big» banknotes.
Delivery options   Collect at the airport/branch of your preference. It is all about comfort!
  You must visit your bank at least twice, and wait meanwhile for your money to arrive.
What do I do with my leftover currency when I come home?   We buy it back from you at the airport, just as when you ordered online.   You must return to your bank. They may buy your currency back at a worse rate and then charge you a commission.
Anything else?   Yes: our Iberia Plus Customers who reserve online earn Avios for their purchases, as when they buy at the airport.   Avi-what? No sir! This is a bank, not an airline company!


CHF = 0.870781 EUR

5.00 CHF fee incl.

If you request over {0} {1} you will save service fee.

save service fee

Due to internal regulations, the maximum amount that can be exchanged is CHF 5900.

Minimum amount to exchange is CHF 200.00

Pre-order online. Collect and pay at our branches 5% off.

Get your travel money online at the best value