Frequently Asked Questions – Currency Exchange in Germany
Here you’ll find answers to the most common questions about our website, how currency exchange works in Germany, and how to get the best rates. Simple, clear, and helpful information for travelers and residents.
Questions & Answers: About exchange rates and currency exchange
- Which European currencies are considered the most stable?
The most stable European currencies include the euro (EUR), the Swiss franc (CHF), the pound sterling (GBP), as well as the Swedish (SEK) and Danish (DKK) krona. These currencies show low inflation and high trust in international markets. Read more: European Currencies: List of Countries, Currencies and Features (2025).
- Are there countries using the euro without being EU members?
Yes. Andorra, Monaco, San Marino, and the Vatican use the euro under official agreements with the EU. Kosovo and Montenegro adopted the euro unilaterally, without formal membership in the eurozone. Read more: European Currencies: List of Countries, Currencies and Features (2025).
Questions & Answers: About Germany
- What currency is currently used in Germany?
The official currency in Germany is the euro (EUR, €). The euro is not a national but a common European currency. Read more: Current National Currency in Germany.
- Can I pay with German marks in Germany?
No, but marks can still be exchanged for euros at the Federal Bank. Read more: Current National Currency in Germany.
- Is it better to keep money in Germany in euros or in US dollars?
For everyday expenses in Germany, the euro is used. The dollar can be used as an investment or reserve currency.
- Are foreign bank cards accepted in Germany?
Yes, most terminals support international Visa and Mastercard cards. However, in small shops or cafés there may be restrictions — only German cards are accepted. Read more: How to Pay in German Stores — Cash, Cards and Currencies.
- Can I pay in dollars or another currency in German stores?
No, all transactions in Germany are carried out only in euros. If you have a dollar or other foreign currency card, the amount is automatically converted into euros. When choosing a currency on the terminal, it is recommended to select payment in euros to get a better exchange rate. Read more: How to Pay in German Stores — Cash, Cards and Currencies.
- Can I open a foreign currency account in a German bank if I am not a German citizen?
Yes, foreigners can open a foreign currency or regular account in most German banks. Usually, a passport and proof of residence in Germany (Anmeldung) are required. Read more: Foreign Currency Accounts, Transfers and Deposits in German Banks.
- In which currencies can I open an account or make a deposit in Germany?
In addition to euros, German banks offer services in US dollars (USD), British pounds (GBP), and Swiss francs (CHF). For online banks, the list of available currencies is broader — up to 50 currencies, including many European ones. Read more: Foreign Currency Accounts, Transfers and Deposits in German Banks.
- Can I receive an international transfer in a currency other than euros?
Yes, foreign currency transfers can be received into a euro account at the bank. The bank will convert the funds to euros at its internal exchange rate. If you have a foreign currency account (for example, USD or GBP), the money will be credited without conversion. Read more: Foreign Currency Accounts, Transfers and Deposits in German Banks.
Questions & Answers: About Website
- Why do the exchange rates on the website differ from bank rates?
Our website publishes reference and averaged exchange rates based on data from the ECB, the Federal Bank (Deutsche Bundesbank), and publicly available sources from commercial and municipal banks in Germany. Actual buying and selling rates in bank branches and exchange offices may differ due to commissions, update times, and other factors. Read more: Exchange Rates in Germany — All Available Currencies.
- Can the exchange rates shown on the website actually be used to buy or sell currency?
No. These rates are provided for informational purposes only and do not constitute a commercial offer or a public solicitation. Read more: Exchange Rates in Germany — All Available Currencies.
- How often are the exchange rate data on the website updated?
Exchange rates are updated daily based on the latest publications from banks. However, updates may be delayed by several hours depending on the publication times of the sources. Read more: Exchange Rates in Germany — All Available Currencies.
- What does the buy and sell range (±%) indicate?
The range shows the average deviation between buying and selling rates in banks and exchange offices in Germany compared to the average reference rate. The larger the range, the greater the difference between the buying and selling rates on the market.