As we all know, euro is widely used in Europe. It is the official currency of most European countries. However, it is also important to note that not all European countries, whether a Schengen member or not, use euros. Thus, one must understand the other currencies used in Europe. So if you are planning on a Europe trip, then this post for you!
Switzerland is the first country I visited in Europe. I’m currently working here as an expat and I consider this as my second home. Switzerland is a country in Europe but, it is not part of the European Union, the European Economic Area or the Eurozone. However, it participates in the Schengen Area. Although most countries in the Schengen Area use euro as their official currency, Switzerland has its own which is called the Swiss franc (CHF).
CHF 1 = PHP 52.50
USD 1 = CHF 0.988
In this section, I will provide the other European countries which I haven’t visited yet and their corresponding currencies. I will also update this post and explain more about the country and its currency once I travel there. 😉
|Currency||Country||ISO-4217||USD 1||inv. PHP|
|Bosnia and Herzegovina|
|European euro||Andorra, Austria,|
Spain, Vatican City
|Pound sterling||United Kingdom||GBP||0.785||66.100|
Take note that foreign exchange rates vary from time to time. The value of your money today might be less or more than yesterday. The rates are just guides for you to have a better understanding of the currencies in Europe.
Did I help you understand the currencies in Europe better? What are your suggestions for this post? Let me know by commenting down below!
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