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Currency in the Baltic Nations

Travel Forums Europe Currency in the Baltic Nations

1. Posted by nickh (Budding Member 3 posts) 9y

This is gonna seem a daft question but I`m gonna ask it anyway.
I`m from the UK and going to be visiting
the Baltic i.e. Latvia and Estonia in the next few weeks.

What currency is best to use over there ?

Thanks and regards

Nick

;)

2. Posted by coldwarspy (Travel Guru 1108 posts) 9y

hey Nick
each country has its own local currency
I dont think they are using the euro yet.

3. Posted by wouterrr (Travel Guru 3379 posts) 9y

Since 2004 these countries belong to the EU so they have the Euro as currency

4. Posted by ReinierNL (Full Member 207 posts) 9y

Since 2004 these countries belong to the EU so they have the Euro as currency

What a daft answer! Being an EU-member has got nothing to do with using the euro as a currency. The currencies used in the Baltics are the Estonian crown, the Latvian lat and the Lithuanian litas. Currently, they're worth about: EEK 100 = 5 GBP, LVL 100 = 110 GBP and LTL 100 = 22 GBP.

5. Posted by moscowmetr (Full Member 267 posts) 9y

The 15 new states added to the EU need to decide withing their individual parliments if and when they begin using the Euro currency. Estonia with a very robust economy and economically very advanced relative to the other new states has decided to use the Euro beginning of 2007. Latvia and Lithuania still are negotiating a referendum to decide. Poland could optimistically be using the Euro by 2010. As of today Baltics are like this:

Estonia: EEK Kroon

100 EEK = £4.33

Latvia: LVL Lat

100 LVL = £96.56
(whoa , dont lose any Lats they are worth just about as much as the Pound)

Lituania: LTL Lita

100 LTL = £19.65

Have a good time.

6. Posted by wouterrr (Travel Guru 3379 posts) 9y

Quoting Cloggie

Since 2004 these countries belong to the EU so they have the Euro as currency

What a daft answer! Being an EU-member has got nothing to do with using the euro as a currency.

Sorry man, what was I thinking....I just thought so God bless there are people like you who have so much knowledge

7. Posted by Gelli (Travel Guru 2457 posts) 9y

One extra thing - If you change currencies (especially between the 3) when you are there SHOP AROUND!! Especially in Riga, rates can vary by as much as 50% within 50metres. Look at a half dozen places at least before working out where to change your money. And just because the rate is very good for one currency at a shop, doesnt mean it is for others, meaning it is normally better to exchange 2 different currencies at different places

Have a great one

8. Posted by kl123 (Budding Member 9 posts) 9y

In Estonia best rates are in banks - Hansabank, SEB or any other. You can go in to any bank office and change the money (should be same in Latvia). No service fee is charghed, the rate you see on the wall, you will get it. But even better option is FX channger Tavid, today's rates are here http://www.tavid.ee/index.php?lang=eng&main_id=233

9. Posted by n.indre (First Time Poster 1 posts) 8y

Hi, I 'd suggest not to exchange too much money, you can pay with credit card almost everywhere.

Indre