The official currency in Latvia is Latvian Lat (code LVL; symbol Ls), divided into 100 santims. Notes come in denominations of Ls500, Ls100, Ls50, Ls20, Ls10 and Ls5. Coins are in denominations of Ls2, Ls1, and 50, 20, 10, 5, 2 and 1 santims.
Foreign Currency Exchange
Foreign currency can be exchanged at banks and money exchange bureaus ('valutas maina') that are located in main cities and towns. Best exchange rates are given for US dollars and euros. The exchange rates may vary considerably from place to place, so it is advisable to shop around, particularly when changing larger amounts.
Note that torn, marked or otherwise damaged bills will be accepted with additional 4% service charge.
Automated Teller Machines (ATMs) are available in cities and most towns. The ATMs work on international networks, such as Plus, Cirrus and Star, and accept most foreign credit and debit cards for cash withdrawal/advance.
Major credit cards such as Eurocard, MasterCard, Diners Club, Visa, JCB, American Express, are accepted by most hotels, restaurants, shops and gas stations. Credit cards can be used in banks or in ATMs to get a cash advance. Outside of Riga the acceptance of credit cards is lower.
Traveler's checks are not commonly used in Latvia and are not accepted by most merchants. They can be exchanged for cash in some banks and typically a fee of 4% will apply. For the best exchange rates, bring checks in US dollars or pounds sterling.
Typically banks are open from 9:00am to 5:00pm, Monday to Friday. Some banks also open Saturday mornings. Money exchange bureaus are usually close at 7:00pm.
Current Latvian Lats Rates
For other currencies or conversion amounts go to Currency Converter