What Is the Currency of Germany? | Banking in Germany 101

In this article, we’re answering “What is the currency of Germany?” But, instead of keeping you waiting, the answer is the euro.

In the following sections, we will provide a detailed overview of the euro, answer questions from our members, and provide historical context for the euro becoming the official currency of Germany.

This article is part of our free series on opening foreign accounts, managing foreign currencies, and transferring funds cross-borders.

Feel free to use the table of contents to jump ahead to the sections most relevant to you.

Table of Contents

  1. What Is the Currency of Germany
  2. Frequently Asked Questions
  3. Do You Want Help Opening Bank Accounts?

What Is the Currency of Germany?

The currency of Germany is the euro with the currency symbol € and the ISO 4217 Code EUR. The euro has been the official currency of Germany since 2002 when it replaced the Deutsche Mark (DM).

Unlike many of the other countries in the Eurozone, Germany adopted the euro in 2002. Comparatively, many of the other Eurozone countries adopted the euro in 1999.

What Money Should I Take to Germany?

When traveling to Germany, the only money that you should consider taking with you is euros. This is because euros are the only official currency of Germany.

That said, if you are visiting Germany as a tourist or on a short stay, you could also consider using an international payment options like credit card. Visa and Mastercard are widely accepted, and American Express is starting to be accepted in more places.

In most cases, using an international credit card offers additional benefits as well. These benefits include greater flexibility and security than cash. Also, most international cards tend to eliminate foreign transaction fees, which can make them a suitable choice for travelers.

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Frequently Asked Questions

Below are a few of the most common questions we receive from people looking into what the currency of Germany is. If you have further questions you would like to ask our team, don’t hesitate to get in touch.

Besides the Euro, Are There Any Other Currencies in Germany?

No, besides the euro, there are not any other currencies in Germany. In fact, since 2002, the euro has been the only legal tender issued in the country. That said, foreign currency can be used in Germany to complete transactions. Though, confirming exchange rates and using reputable exchange houses is important.

What Is Germany Currency Called?

Germany’s currency is called the euro. Unlike most of the other Eurozone countries, Germany adopted the euro in 2002. Most of the other Eurozone countries adopted the euro in 1999. At that time of adoption, Germany replaced the Deutsche Mark, ending its use as Germany’s official currency since 1948 in West Germany and 1990 in East Germany.

What Is the Highest Currency Value in Germany?

The highest currency value in Germany is the 500 euro banknote. However, while the 500 euro note is still accepted as legal tender, it is no longer issued. Therefore, the highest currency value that is still being produced is 200 euros.

Is Germany’s Currency Higher in Value Than India’s?

Yes, Germany’s currency (the euro) is higher in value on the open market than the value of India’s currency (the rupee). This is true both in terms of international exchange rates and purchasing power globally.

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GlobalBanks Team
GlobalBanks Team

The GlobalBanks editorial team comprises a group of subject-matter experts from across the banking world, including former bankers, analysts, investors, and entrepreneurs. All have in-depth knowledge and experience in various aspects of international banking. In particular, they have expertise in banking for foreigners, non-residents, and both foreign and offshore companies.

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