What is Europe's Currency?
Whether you're sipping coffee in Paris or exploring the streets of Rome, having euros in your wallet means you’re ready for anything, especially in places where card payments aren’t always accepted.
| Currency: | euro |
| Currency code: | EUR |
| Central Bank: | European Central Bank |
| Currency symbol: | € (euro) |
| Currency sub unit: | c (cent) |
| Countries using euros: | 20 |
| Bank notes: | €5, €10, €20, €50, €100, €200, €500 |
| Coins: | 1c, 2c, 5c, 10c, 20c, 50c, €1, €2 |
What is the euro?
The euro (EUR, €) is the official currency of most countries in continental Europe. It's used by 20 nations, making it the most widely accepted currency in the region.
You'll find euro banknotes in €5, €10, €20, €50, and €100 and coins range from 1 cent to €2. While €200 and €500 notes are also in circulation, they’re rarely used due to their high value.
Although a few European countries still use their own currencies, if you're travelling through the Eurozone, you'll need euros for everything from public transport to pastries.
Plan ahead with currency bundles, travel insurance & eSIMs
UK | Europe |
|---|---|
| British pound | Euro |
Travel insurance![]() |
|---|
| Discover more with Cover-More travel insurance by your side. |
International eSIMs![]() |
|---|
| Choose from a range of eSIMs to suit your travel needs. |
EUR Goes Further with the Travelex Money Card
Travel smarter with Travelex's award-winning Europe travel money card and enjoy the freedom to spend anywhere, any time.
- Get even better exchange rates when exchanging $2,000 and over.
- Withdraw foreign cash with no international ATM fees¹.
- Load, tap, and go wherever Mastercard is accepted worldwide.
- Top up easily on the go via the app or online.
- Save with no foreign exchange fees^ & real-time exchange rates.
- Free NEXT BUSINESS DAY*** collection from most Travelex stores
What to spend your euros on:
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Entry to Eiffel Tower
25 euros

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3-mile taxi ride
15 euros

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Tourist t-shirt
10 euros

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Postcard and a stamp
1.5 euros

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French beret (but don't)
20 euros

How to buy euros online
Buy euros with Australian dollars and lock in competitive exchange rates before you fly. Order online today.
European Countries and the Euro
| Non-EU members that use the euro: | ||
|---|---|---|
| Andorra | Monaco | San Marino | Kosovo | Montnegro | Vatican City |
| EU members that do not use the euro: | ||
|---|---|---|
| Bulgaria | Denmark | Sweden |
| Hungary | Czek Republic | Poland |
Plan Your European Adventure
Welcome to our Europe destination hub. From travel budget tips to advice on the euro exchange rate, get prepared for your Europe trip with our comprehensive guides.
EUR currency & travel services
Europe travel guides
Frequently Asked Questions about Money in Europe
Back to top-
Do I have to tip in Europe?
While best-practice differs from country to country, generally tipping is appreciated in Europe. You can tip anywhere between 5% and 10%, and usually will need cash to do so.
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Can I use Travellers Cheques in Europe?
Travellers Cheques are not generally accepted in Europe, and are becoming increasingly harder to cash. Instead consider taking a travel money card.
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Can I still use the euro in European countries that do not use it?
Euro is generally not accepted in countries that do not use it as their official currency. If you are travelling between countries that use the euro and ones that don’t, you will need to change cash before you enter.
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Is it better to buy euros in Australia or Europe?
Buying euros in Australia before you leave is usually more convenient and helps you avoid high exchange fees at airports or tourist areas in Europe. It also means you arrive with cash ready for taxis, tips, or small purchases.
For more advice on the best ways to buy Euros, check out our Tips for Buying Foreign Currency.
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Where can I buy euros?
You can buy euros online or in-store from foreign exchange providers, banks, and travel money specialists. Remember, comparing AUD to EUR rates and fees is key to getting a better deal.
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When is the best time to buy euros?
There’s no guaranteed best time, but monitoring historical AUD to EUR trends can help. Many travellers buy in stages or when the Australian dollar strengthens to spread risk. You can also use our free Exchange Rate Tracker tool to get an alert when the EUR reaches your desired rate.
EUR 2,000
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