The official currency in Finland is the Euro (EUR, €). Like in other 'euro zone' countries, the notes come in denominations of €5, €10, €20, €50, €100, €200 and €500. The denominations of coins are: 1, 2, 5, 10, 20 and 50 cents and €1 and €2. Note that the 1 and 2 cent euro coins are not used in Finland and all payments are rounded to the nearest 5 cent.
For payments in cash, the euro is practically the only option. No other currencies will be accepted, so visitors from outside of the euro zone will likely need to exchange some cash, traveler's checks or get the euros from an ATM.
Currently the 'euro zone' consists of the following European countries: Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia and Spain. In addition to the above, the euro is officially used in Andorra, Kosovo, Monaco, Montenegro, San Marino and Vatican.
Foreign Currency Exchange
Foreign currencies can be exchanged in banks, post offices as well as exchange bureaus located in cities, at sea ports and airports. The exchange bureaus usually offer better rates than banks and also have more convenient hours and faster service.
The Automated Teller Machines (ATMs) are widely available in Finland, including even small villages. They accept foreign credit and debit cards such as Visa, Visa Electron, Mastercard, Maestro, and make it very easy to get euros as credit card cash advance or cash withdrawal from the bank account.
Most major brands of credit cards are widely accepted in Finland by hotels, restaurants, shops, travel or car rental agencies. Many times, especially for purchases over €50, you will be ask for ID.
Traveler's checks can be exchanged at banks or exchange offices. Some stores in tourist areas will also accept them for payment. For best rates, travelers should take the checks in euros, US dollars or British pounds.
Banks are typically open fro 9:00am to 4:30pm, Monday to Friday.
The value-added tax (VAT) of 23% is included in the price of most goods. Travelers from outside of European Union can claim a tax refund on a single purchase of €40 or more if made in a tax-free program participating store, when leaving the EU. In order to do this, a form must be completed by the store at the time of purchase and then submitted to the tax claim counter at the airport or border crossing when leaving the EU. Some commissions and fees apply so the total refund amount is usually less than 23%, but for larger purchases it's worth the effort.
Current Euro Rates
For other currencies or conversion amounts go to Currency Converter
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