Currency in Netherlands: EUR Send & Spend FX Guide
Resources for Expats, Travelers, and Entrepreneurs Navigating Life and Trade in Netherlands with the Euro.
What's in this Netherlands currency guide?
What currency is used in Netherlands?
The official currency of Netherlands (country code: NL) is the Euro, with symbol € and currency code EUR.
What is a good Euro exchange rate?
The BestExchangeRates.com currency comparison table below helps you see the total cost of your currency transaction by showing the exchange rates offered by different providers. It also makes it easy to spot potential savings from market-leading FX services compared to bank rates.
To see a full list of rates, enter your transaction type, currencies and amount then click ‘GET RATES’:
Loading rates...
|
|
|
Good things to know about the Euro
As of June 16, 2025, the Euro (EUR) has experienced notable developments affecting travelers, expats, and business owners:
- Interest Rate Adjustments: The European Central Bank (ECB) has reduced its key interest rates multiple times since April 2025, with the deposit rate now at 2%. This easing cycle aims to stimulate economic growth amid global uncertainties. (ft.com)
- Inflation Trends: Eurozone inflation has moderated, with the latest data showing a decrease to 2.4% in November 2024, bringing it closer to the ECB's 2% target. (nbcdfw.com)
- Eurozone Expansion: Bulgaria is on track to adopt the euro on January 1, 2026, following successful convergence assessments. This expansion may influence currency dynamics and economic interactions within the euro area. (en.wikipedia.org)
These developments are crucial for individuals and businesses engaged in international transactions, as they can impact exchange rates, purchasing power, and overall economic conditions.
For more EUR information check out our selection of Euro news and guides.
Frequently Asked Questions
What currency should I use in Netherlands?
The domestic currency in Netherlands is the Euro.
What is the Euro currency code and symbol?
The three letter currency code for the Euro is EUR — symbol is €.
What does the Euro look like?
Here is an example Euro banknote:
Which countries use the Euro?
It is the domestic currency in Eurozone, Aaland Islands, Andorra, Austria, Belgium, Croatia, Cyprus, Estonia, Finland, France, French Guinea, French Southern Territories, Germany, Greece, Guadeloupe, Vatican City, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Martinique, Mayotte, Monaco, Montenegro, Netherlands, Portugal, Reunion, Saint Barthelemy, Saint Martin, Saint Pierre and Miquelon, San Marino, Slovakia, Slovenia and Spain.
Is the Euro a closed currency?
No, the Euro is freely available and convertible. See guide: What is a closed currency?
What are equivalent amounts of SGD and EUR?
Here are some popular conversion amounts for SGD to EUR (Singapore dollar to Euro)*.
*Converted at the current SGDEUR interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
Travel money for Netherlands
Using Wise for Euro travel money is a smart choice for savvy travelers. With its competitive exchange rates and low fees, Wise allows you to convert and manage multiple currencies effortlessly.
Be careful when using your own bank's Debit/Credit Card, as your bank may also charge an extra 3% as an “Overseas Transaction Charge” plus “Overseas ATM” fees for withdrawing cash on top of the standard Visa/Mastercard 2.5% from market mid-rate.
For card purchases, if you are offered a choice of currencies always select to Pay in Euro otherwise you will typically get much worst dynamic currency conversion (DCC) exchange rates.
If you really want Euro cash before departure, you can save money by ordering online. You generally get better rates and can pick up the EUR cash locally or even on travel day at the airport.
Netherlands: Travel Guide
Traveling to Netherlands requires careful financial planning to ensure a smooth and cost-effective experience. Here's a comprehensive guide to help you navigate currency considerations and manage your money effectively during your visit.
The Netherlands is a small country located in northwest Europe. It is known for its windmills, tulips, and canals. The capital of the Netherlands is Amsterdam, and the official language is Dutch. The Netherlands is a popular tourist destination for its many museums and historic landmarks.
Best things to do and see in Netherlands
1. Amsterdam - With world-renowned museums, historic canals, and lively nightlife, Amsterdam is a must-see for any visitor to the Netherlands.
2. The Keukenhof - The Keukenhof, or Kitchen Garden, is a must-visit for anyone who loves flowers. With over 7 million tulips, daffodils, and other flowers, it is one of the largest flower gardens in the world.
3. Rotterdam - Rotterdam is a lively city with a lot to offer visitors, from its iconic architecture to its lively nightlife.
4. The Hague - The Hague is the seat of the Dutch government and is home to many important international organizations, such as the International Criminal Court.
5. Maastricht - Maastricht is a charming city with a rich history and culture. It is also home to some of the best shopping in the Netherlands.
Top Travel tips for Netherlands
If you are planning to travel to the Netherlands, here are some tips to help you make the most of your trip:
1. Plan your itinerary in advance and make sure to include some of the Netherlands' top attractions, such as the Rijksmuseum and the Anne Frank House.
2. Be sure to pack comfortable shoes, as you will do a lot of walking while exploring the Netherlands.
3. When dining out, try some of the local specialties, such as stroopwafels and Dutch pancakes.
4. Don't forget to bring your camera, as the Netherlands is home to some truly stunning scenery.
5. If you are traveling with children, be sure to visit one of the many kid-friendly attractions, such as the Amsterdam zoo.
Is it safe in Netherlands?
Yes, the Netherlands is a safe country to visit. It is frequently ranked as one of the safest countries in the world. Crime rates are low, and the people are friendly and welcoming.
Everyday Costs in in Netherlands
How much does it really cost to live, work, or travel in Netherlands? Here's what to expect for daily expenses and expat living.
Currency Guide to the Netherlands (ISO: NL)
For those planning a mid-range trip to the Netherlands, a budget of around €1,500 to €2,000 for one week should suffice. This estimate includes accommodations, meals, transportation, and some activities. Here’s a snapshot of typical daily expenses in euros (€):
- 🍽️ Meal at a local restaurant: €15-€25
- ☕ Coffee: €3-€4
- 🚍 Public transport fare: €3-€4 for a single ride
- 📱 Prepaid SIM card: Around €20
- 🏨 Budget hotel or Airbnb: €80-€120 per night
Overall, the Netherlands can be considered an average to slightly expensive destination. In comparison to the United States, travel expenses may be about 10-20% higher due to the cost of dining and accommodations. When placed alongside the UK, prices are relatively similar, although the Netherlands may offer more value for attractions and local experiences, especially when it comes to the culinary scene.
Living in the Netherlands as an Expat
If you're considering a move to the Netherlands, anticipate typical monthly living costs in the range of €1,800 to €2,500, depending on your lifestyle. Key expenses include rent (approximately €1,200 for a one-bedroom in the city center), groceries (€250), utilities (€150), and transportation (€100). When it comes to banking, it’s advisable to set up a local bank account for easier cashless transactions, as card usage is quite prevalent.
For sending and receiving money, online transfer services like Wise and OFX tend to offer better exchange rates and lower fees compared to traditional banks. Whether you're exchanging cash or making international payments, opting for online services can help you save significantly. Although it’s possible to exchange money locally, if you're planning on staying for a while, it's more convenient and economical to use an online service for larger transactions, ensuring you get the best value for your money.
USD/EUR Market Data
The below interactive chart displays the USD/EUR change and UP📈 DOWN📉 trends over the past 1 Year.
Recent Euro Market News
Recent Developments Affecting the EUR Price
1. Eurozone Inflation Rates: Recent data shows inflation in the Eurozone remains elevated, affecting ECB monetary policy decisions. (Source: Reuters, ECB)
2. ECB Interest Rate Outlook: Comments from ECB officials indicate a potential pause in interest rate hikes, causing speculation about the EUR's stability.
3. Economic Growth Concerns: GDP growth figures for the Eurozone show signs of slowing, impacting confidence in the Euro.
4. Geopolitical Tensions: Ongoing geopolitical tensions, particularly regarding trade relations with the US and UK, influencing market sentiment around the Euro.
5. Energy Prices: Fluctuations in energy prices due to global supply concerns are affecting Eurozone economies and, consequently, the EUR. (Source:
6.Eurozone Expansion: As of June 2025, Bulgaria is set to become the 21st member state of the eurozone, with the euro adoption scheduled for January 1, 2026.
For more EUR information read our News and guides to the Euro.
Send Money to Netherlands - Best Rates
To get a good (and fair) exchange rate when sending money to Netherlands you need to find and compare exchange rates for International Money Transfers (IMTs).
The available FX rates for sending money abroad can be very different to the mid-market (wholesale) rate which you see reported online and in the News.
You should especially compare your own bank's exchange rates to those available from Money Transfer specialists to see how much you can save - we make that calculation easy in the below table.
Get a better deal for foreign transfers to Netherlands
When sending money to Netherlands it’s important to compare your bank’s rates & fees with those we have negotiated with our partner money transfer providers. To get a better deal you should follow these 4 simple steps :
- Open an account with a BER reviewed FX provider (id docs may be required)
- You specify the local or Euro amount you want to transfer
- Make a local currency domestic transfer for the requested amount to the provider's bank account in your country
- Once your funds are received by the provider the converted EUR amount will be transfered to the recipient account you specify in Netherlands.
Use the above calculator to compare the exchange rates of FX specialist providers rates versus your bank's standard rates you can hopefully save around 5% and maybe more - end result is more Euro deposited into the recipient bank account and less margins and fees kept by the banks!
Managing money while living and working in Netherlands
Managing your money effectively while living and working abroad can be challenging, but there are several steps you can take to ensure that your finances are in order.
Understand Euro currency exchange rates: Exchange rates can have a big impact on your finances, so it is important to keep an eye on the EUR exchange rate and consider using a money transfer specialist or a credit card that does not charge foreign transaction fees to get the best exchange rate.
Use a local Euro bank account: A local EUR bank account can make it easier for you to manage your finances and pay bills while you are in Netherlands. It may also be more convenient to use a local EUR bank account to make purchases and withdraw cash.
Research local laws and regulations: It is important to understand the local laws and regulations that apply to financial transactions in Netherlands. This can help you avoid legal issues and ensure that you are complying with local requirements.
Consider the tax implications: It is important to understand the tax implications of living or doing business in Netherlands. This can help you plan your finances and ensure that you are paying the correct amount of tax.
Seek financial advice: If you are unsure of how to manage your finances in Netherlands, it is a good idea to seek the advice of a financial professional who is familiar with the local financial system. This can help you make informed decisions and avoid financial pitfalls.
We have put together some key points to help managing your money effectively, you can reduce financial stress and enjoy your experience living or doing business in Netherlands.
What is the cost of living in Netherlands?
There is no definitive answer to this question as the cost of living in the Netherlands can vary greatly depending on a number of factors, such as where you live, your lifestyle, and your income. However, according to Numbeo, the cost of living in Amsterdam (the capital of the Netherlands) is estimated to be around €2,500 per month for a single person, and €3,500 per month for a family of four.
How is the expat life in Netherlands?
The expat life in Netherlands can be both exciting and challenging. There are many opportunities to meet new people and experience different cultures, but there can also be a lot of bureaucratic red tape to navigate.
Any laws in Netherlands that foreigners should be aware of?
There are a number of laws in the Netherlands that foreigners should be aware of, including those relating to immigration, work, and housing.
What is doing business like in Netherlands?
Some say that doing business in the Netherlands is like peddling uphill in a canoe - slow and tiring. Others disagree and find the Dutch to be hospitable and helpful business partners.
Both views may be accurate. The Dutch are generally known for being reserved and somewhat formal in their interactions. So, while they may be helpful, they may not always be the easiest people to work with.
That said, the Netherlands is generally considered to be a good place to do business. It ranks highly in indices like the World Bank's 'ease of doing business' index and the Heritage Foundation's 'Index of Economic Freedom'.
The Dutch have a long history of trade and commerce, and their society is geared towards supporting businesses and entrepreneurs. The Dutch government also provides a number of incentives and programs to help businesses grow and succeed.
How is the economy in Netherlands?
The economy in Netherlands is strong and growing. The country's GDP is $906.9 billion, and its GDP per capita is $53,211. The Netherlands is a member of the European Union, and its currency is the euro. The country's unemployment rate is 4.2%, and its inflation rate is 1.4%.