Finland: A Brief Overview of its Currency
Located in Northern Europe, Finland is known for its stunning natural landscapes, beautiful lakes, and vibrant cities. As a member of the European Union (EU), the currency used in Finland is the Euro (€).
The Euro became Finland’s official currency in 2002, replacing the Finnish markka, which had been in circulation since 1860. This change was part of Finland’s commitment to the EU and the establishment of a common currency among member countries.
FAQs about the currency used in Finland
1. Is the Euro the only currency accepted in Finland?
Yes, the Euro is the only currency used and accepted for transactions in Finland. It is recommended to exchange your currency for Euros before arriving in the country.
2. Are credit cards widely accepted in Finland?
Yes, credit cards are widely accepted in Finland. You can use your credit card for most purchases in shops, restaurants, and hotels. However, it’s still advisable to carry some cash for smaller establishments and marketplaces.
3. Can I use foreign currencies, like US Dollars or British Pounds, in Finland?
While some big hotels may accept major foreign currencies, it’s best to exchange your currency for Euros. Currency exchange services are available at airports, banks, and exchange bureaus throughout the country.
4. Where can I exchange my currency for Euros in Finland?
You can conveniently exchange your currency for Euros at airports, banks, post offices, and currency exchange offices in larger cities and tourist areas.
5. Are there any currency restrictions or limitations in Finland?
There are no specific currency restrictions or limitations in Finland for travelers. However, it’s always advisable to check with your local bank regarding any restrictions or recommendations before traveling.
6. Can I withdraw cash from ATMs in Finland?
Yes, you can easily withdraw cash in Euros from ATMs located throughout Finland. Many ATMs accept major international credit and debit cards.
7. What are the common coins and banknotes in circulation in Finland?
The common coins in circulation in Finland are the 1, 2, 5, 10, 20, and 50 Euro cents, as well as the one and two Euros. Banknotes commonly used are the 5, 10, 20, 50, 100, 200, and 500 Euro notes.
8. Can I exchange my remaining Euros back to my local currency?
Yes, you can exchange your remaining Euros back to your local currency at currency exchange offices or banks before leaving Finland. Be aware that some places might have specific requirements or fees for currency conversion.
9. Is it customary to tip in Finland?
In Finland, tipping is not as common as it is in many other countries. However, it is appreciated if you enjoyed exceptional service. It’s not mandatory, but leaving a small tip is considered polite.
10. Can I use mobile payment apps in Finland?
Yes, mobile payment apps like Apple Pay, Google Pay, and local apps such as MobilePay and Pivo are widely used and accepted in Finland. Most businesses support these digital payment options.
11. Can I exchange currency at hotels in Finland?
Some larger hotels in Finland may offer currency exchange services, but the rates may not be as competitive as those provided by banks or exchange offices. It’s advisable to compare rates before making an exchange.
12. Are there any restrictions on bringing Euros into Finland?
There are no restrictions on bringing Euros or any other currency into Finland. You are allowed to carry any amount of money as long as you declare amounts exceeding 10,000 Euros when entering or leaving the EU.