About The Euro

The Euro: Slovakia's Currency and How to Exchange It

About the Euro

The euro (€) is the official currency of Slovakia, having replaced the Slovak koruna (SKK) in 2009. It is also the currency of 19 other European Union (EU) member states. The euro is divided into 100 cents and is represented by the € symbol.

Why the Euro is Used in Slovakia

Slovakia adopted the euro as part of its efforts to integrate more closely with the EU. The euro provides several advantages, including: * Stability and low inflation * Reduced transaction costs * Greater convenience for trade and travel

Exchanging Currency

When traveling to Slovakia, you will need to exchange your currency for euros. Here are some tips for getting the best rates: * Compare exchange rates from multiple banks and currency exchange services. * Consider using a credit or debit card with low foreign transaction fees. * Avoid exchanging currency at airports or tourist areas, as rates tend to be higher.

Paying and Sending Money

In Slovakia, you can pay for goods and services using cash, debit cards, or credit cards. To send money to or from Slovakia, you can use your bank, an online money transfer service, or a Western Union office.

Exchange Rates

The exchange rate between the euro and other currencies fluctuates constantly. To stay up-to-date on the latest rates, visit the website of the European Central Bank (ECB).

Exchange rates as of 5:48 PM EDT 05/05/24.