The Euro must work for all of Europe right? Wrong. May countries will take the Euro along with their own local money, but if you plan on traveling to the United Kingdom you will need to switch to pounds, shillings, and pence.  Since 1971 the pound has been divided like the dollar: 100 pence=1 pound, and the exchange rate is 1 pound = 1.53 dollars.  Their coins are 1 penny, 2 pence, 5 pence, 20 pence, 50 pence, 1 pound, and 2 pounds.

Denmark, Norway, and Sweden all use forms of the krone. Sweden calls it a krona, and Norway calls it a kroner.  1 krone= 100 øre (“öre” in Sweden).  The exchange rate of 1 American dollar = 5.56 krone = 7.24 krona = 5.93 kroner.

Poland uses the złoty, which is divided into 100 groszy.  1 dollar = 2.88 złoty

Russia uses the rouble, which is divided into 100 kopecks. Our 1 dollar goes a long way in Russia; 1 dollar = 29.16 rouble.

Lastly, Switzerland uses the Swiss franc.  It is one of the world’s most stable currencies due to the countries political neutrality.  1 franc = 100 centimes and 1 dollar = 1.07 Swiss francs.

So if you plan on traveling all over Europe, use a currency calculator and make sure to change currency at the border!

Advertisements