CURRENCY EXCHANGE
EURO €
CURRENCY EXCHANGE IN MILAN
Italy is one of the member states of the European Union that has adopted the euro currency.
This obviously also applies to the city of Milan.
EURO
The euro is represented by the symbol €.
It is minted by the Central Bank of Europe (ECB):
- Coins: 1, 2, 5, 10, 20, 50 cent; 1, 2 euro;
- Banknotes: 5, 10, 20, 50, 100, 200, 500 euro.
and is divided into fractions of 100 cents.
EXCHANGE RATE
The exchange rate varies constantly and it is easy to find a bank in the city that offers you an exchange service for any international currency.
Costs? Vary by agency.
Here are some places where currency exchange is advertised as "no commission":
| Agency | Address | Telephone |
|---|---|---|
| Maccorp Italiana Spa | Piazzale Luigi Cadorna, 14, 20123 Milano | 02 805 4673 |
| Forexchange | Galleria del Corso, 1, 20122 Milano | 800 305 357 |
| Janata Exchange Company Srl | Via Franchino Gaffurio, 5, 20124 Milano | 02 2953 3608 |
| Ria Milano | Via Dogana 3, 20123 Milano | 02 3659 5843 |
You could also go to the main post offices. Or, if you have a credit card, at ATMs (even at the airport when you arrive).
Don’t forget to ask your bank if they have established a cooperation with credit institutions in the foreign country where you are going. This may allow you to reduce costs when withdrawing money from an ATM.
Here are the exchange rates (1 February 2022):
- 1 € = 1,04 CHF (swiss franc)
- 1 € = 1,13 $ (US dollar)
- 1 € = 0,83 £ (pound sterling)
- 1 € = 1,43 C$ (canadian dollar)
- 1 € = 1,58 A$ (australian dollar)
- 1 € = 86,5 ₽ (russian ruble)
- 1 € = 129,3 ¥ (yen)
- 1 € = 7,27 CNY (chinese renminbi)
- 1 € = 58,62 PHP (philippine peso)
- 1 € = 6,01 R$ (brazilian real)
- 1 € = 15,55 TL (turkish lira)
If you want to know the newest rates, visit this link.