Get the best euro exchange rate

How to get the best euro exchange rate

Are you looking to get the best euro exchange rate for your next trip abroad? At Compare Holiday Money, we compare the euro rates from dozens of top UK foreign exchange providers to help you find the most competitive currency deals online and on the high street.

We continuously scan and track the latest euro rates from a wide range of currency providers to help you find the companies offering the best deals. Our clever currency comparisons automatically factor in all costs and charges like delivery fees and commission, so all you need to do is tell us how much you want to spend and we'll show you the best euro rates available to buy online right now.

Euro banknotes and coins

Over 340 million people use the euro every day according to the European Central Bank, making it the second most-traded currency in the world after US dollars. Twenty out of 27 EU Member States have adopted the euro as their official currency, and euros are used officially and unofficially in many non-EU countries and territories throughout Europe such as Monaco, San Marino, and Vatican City.

Euros are governed and issued by the European Central Bank which is based in Frankfurt, but the actual production of euro banknotes and coins is handled by various national banks throughout the Eurozone. Spain and Greece are responsible for printing €5 and €10 banknotes, Germany prints €100 notes, and the other EU member states are responsible for printing €20 and €50 notes.

One euro (€) can be subdivided into 100 cents (c). There are seven denominations of euro banknotes in circulation: €5, €10, €20, €50 and €100 which are frequently used, plus €200 and €500 notes which are no longer printed but are still in circulation and remain legal tender. The designs printed on each banknote are intended to be symbolic of the European Union's identity and unity, as well as highlighting the diversity and richness of different European cultures. The front of each banknote features architectural styles from different periods in Europe's history, including Classical, Gothic, Renaissance and modern, while the reverse side features bridges that represent communication and cooperation between the different countries within the European Union.

Euro coins are available in eight denominations: 1c, 2c, 5c, 10c, 20c, 50c, €1 and €2. Each EU member state is responsible for minting its own coins, and can choose their own design for the 'tails' side. For example, German coins feature the 'Bundesadler' or Federal Eagle which has been the German coat of arms since 1950, while French coins depict Marianne; an important symbol of French national identity. Next time you've got a handful of euro coins, take a look at the tails side and see if you can guess which EU country they came from!

Tips for saving money while visiting Europe

The most budget-friendly destinations in Europe are generally those located in the east such as Latvia, Lithuania and Estonia. In contrast: Luxembourg, Ireland and France usually top the list as some of the most expensive holiday destinations. Regardless of where you're planning to visit, you can save money during your trip by following some simple tips: