Lithuania is an off the beaten path destination that mesmerizes travellers with its stunning natural beauty. Whether wandering down the cobblestone streets of the capital Vilnius or winding your way through the green forests, it offers a unique experience to travellers. If you are planning to travel to Lithuania from other countries, it is important to be familiar with the currency rate in Lithuania and how to exchange money at best exchange rates in Vilnius.
What Currency does Lithuania use?
Lithuania has recently joined the Eurozone, the collection of European countries using the euro. Thus, it replaced its old currency – Lithuanian litas (LTL) – with euros on 1 January 2015. However, Litas banknotes and coins can still be exchanged at the Lietuvos bankas (Bank of Lithuania) at a fixed rate of one lita to €0.29. The Euro is universally represented by the sign € and the currency code EUR. Just like any other European country, Lithuanians often write their prices with the symbol following the numerals and using a decimal comma instead of a point (for example 10,50€ instead of €10.50). In all countries in the Eurozone, local banks work along with the European Central Bank to produce the local currency. One Euro is 100 cents. Euro coins are available in eight denominations including one, two, five, ten, twenty and 50 cents and also as €1, and €2.
Buying Lithuania’s Currency Before You Go
If you are planning a trip to Lithuania or any European nation, it is important to plan how to convert your home currency into Euros. You can convert currency in your home country through your bank or exchange stores. It will free up your time to explore Lithuania. There are many ways to buy Euros in Lithuania:
Airport, hotels and restaurants in Lithuania offer currency exchange services, so you can get any currency converted into Euros. However, airports, hotels and restaurants are known for offering a poor currency rate in Lithuania. It means you will end up paying more as exchange rates
Banks also offer currency exchange at an additional fee. Make sure you know how much you are required to pay
Online stores also offer currency exchange services. If you choose online delivery or in-store pickup, make sure to choose a reliable agency and also ask their processing time. Some exchange companies with online options take two and five days to process currency.
If you want to get currency exchange at reasonable rates, currency exchange stores in Lithuania are known for offering exchange services at incredibly low rates. It is prudent to do some research to find reliable local money exchange offices to exchange money at the best currency exchange rates in Vilnius.
Why do travellers in Lithuania prefer to exchange money from local exchange providers?
Exchanging money at local exchange stores offers several benefits. Firstly, these stores often provide competitive exchange rates compared to airports or banks, helping travelers get more value for their money. Secondly, local exchange shops usually charge lower currency rates in Lithuania, making them cost-effective. They are also convenient, with many located in city centers or near tourist areas, allowing easy access without long queues. Additionally, these stores often accept a variety of foreign currencies, making transactions smoother. The process is generally quick, with cash handed over immediately, which is especially useful for travelers needing local currency right away. Many local exchange stores also have knowledgeable staff who can offer advice on currency handling and local financial practices. Moreover, they often operate with extended hours, giving flexibility to customers. Overall, local exchange stores offer easy, convenient and economical ways to exchange money in Lithuania.