Austria is a member of the Eurozone, which means it uses the euro as its currency. The euro is the only legal currency in Austria, and euros are accepted across the country, including in major cities like Vienna. Euros come in six banknote denominations (€5, €10, €20, €50, €100, and €200) and eight coin denominations (1c, 2c, 5c, 10c, 20c, 50c, €1, and €2). While euros are widely accepted in Austria, it's worth noting that smaller shops and institutions in the countryside may prefer cash over cards. Additionally, some merchants may be reluctant to accept higher banknote denominations of €100 and €200.
Characteristics | Values |
---|---|
Currency in Austria | Euro |
Euro Symbol | € |
Euro Code | EUR |
Euro Usage in Austria | Euro is the only legal currency in Austria |
Euro Usage in Eurozone | Euro can be used in 19 European countries that are part of the Eurozone |
Euro Usage in Other Countries | Euro is not the legal currency in the Czech Republic and Hungary |
Euro Cent Equivalence | 1 Euro = 100 Cents |
Euro Banknotes | €5, €10, €20, €50, €100, €200, €500 |
Euro Coins | 1c, 2c, 5c, 10c, 20c, 50c, €1, €2 |
Credit Cards in Austria | American Express, Visa, Mastercard, and Diners Club are widely accepted |
Debit Cards in Austria | Can be used across Austria but may incur high rates and fees |
ATMs in Austria | Widely available and called 'bankomats' |
What You'll Learn
Euros are the official currency in Austria
Euro banknotes come in six denominations: €5, €10, €20, €50, €100, and €200. Each banknote is a different size and colour, making it easier to tell them apart. Although €200 and €500 notes exist, they are rarely used. Euro coins come in eight denominations: 1c, 2c, 5c, 10c, 20c, 50c, €1, and €2. The 'common' side of the coin used across the Eurozone features the numerical value of the coin and a map of the European Union. The other side features a design specific to the country that minted the coin.
Austria mints its own coins, which can be used throughout the Eurozone. Likewise, coins from other Eurozone countries can be used in Austria. One unique feature of Austrian coins is the Alpine flowers on the 1, 2, and 5 cent denominations, and St. Stephan's Cathedral on the 50 cent coins.
While euros are the official currency in Austria, some merchants and businesses may be reluctant to accept the €200 and €500 notes. Additionally, smaller shops and institutions in the countryside may prefer cash over cards. Therefore, it is recommended to carry a small amount of cash, especially when travelling outside major cities.
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Euros can be used in other countries in the Eurozone
The Euro is also the official currency of Austria. The currency sign for the euro is €, while the code is EUR. In Austria, it is more common to see the symbol written after the numeral, as in 10€. While Austria mints its own coins with a national design on one side, these coins can be used everywhere in the eurozone. Likewise, coins minted with national designs from other eurozone countries can be used in Austria.
Euro banknotes come in denominations of €5, €10, €20, €50, €100, €200, and €500. The designs are the same throughout the eurozone, with different sizes and colours denoting the different bill values. However, it is unlikely to come across a €500 note, and some merchants are reluctant to accept the €100 and €200 bills. Therefore, it is advisable to avoid using these higher denominations.
The euro is subdivided into 100 cents, and euro coins are available in denominations ranging from 1 cent to 2 euros. In Austria, it is common to pay for smaller purchases with one and two euro coins. The 'common' side of the coin used across the eurozone features the numerical value of the coin and a map of the European Union. The reverse 'national' side of the coins bears the same design, which has been modified three times since Austria adopted the euro.
Using euros in other countries in the Eurozone offers convenience and flexibility for travellers. It eliminates the need for frequent currency exchanges and allows for easier budgeting and financial planning. Additionally, being part of the Eurozone provides economic benefits, such as stabilised exchange rates and reduced transaction costs for businesses operating within the zone.
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Euros are divided into 100 cents
In Austria, it is common to see the euro symbol written after the numeral, as in 10€. While Austria mints its own coins with a national design on one side, these coins can be used throughout the Eurozone. Likewise, coins minted with national designs from other Eurozone countries can be used in Austria. The 'common' side of the coin used across the Eurozone features the numerical value of the coin and a map of the European Union. The reverse 'national' side of the coins in Austria bears designs of Alpine flowers on 1, 2, and 5 cent coins and Vienna's St. Stephan's Cathedral on 50 cent coins.
Euro banknotes are printed on pure cotton fibre, making them durable and giving them a distinctive feel. They come in different sizes and colours to denote the different bill values. Although €500 notes exist, they are rarely used, and it is advisable to avoid even €100 and €200 bills as some merchants are reluctant to accept these higher denominations.
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Euro banknotes come in six denominations
Euro banknotes are a tangible symbol of the European Union, with over 347 million people across 20 countries using the currency. The euro is the single European currency of Austria and other participating countries. Euro banknotes come in six denominations: €5, €10, €20, €50, €100, and €200. The €500 note was discontinued in 2019.
The euro banknotes were designed by Robert Kalina from the Austrian central bank (Oesterreichische Nationalbank). He won a Europe-wide design competition held in 1996. Each banknote depicts a European architectural style, with the windows and gateways symbolizing the European spirit of openness and cooperation. The 12 stars of the European Union (EU) represent the dynamism and harmony of contemporary Europe. The bridges on the back of the notes symbolize communication between the people of Europe and between Europe and the rest of the world.
The euro banknotes have several security features that make them easy to authenticate. They include watermarks, invisible ink characteristics, holograms, optically variable inks, and microprinting. The banknotes are made of pure cotton fibre, which improves their durability and gives them a distinctive feel.
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Euro coins come in eight denominations
The coins have a common reverse, portraying a map of Europe, designed by Luc Luycx of the Royal Belgian Mint. However, each country in the eurozone has its own design on the obverse, which means that each coin has a variety of different designs in circulation at once. The designs on the obverse are chosen nationally, while the reverse and the currency as a whole are managed by the European Central Bank (ECB).
The coins minted from 1999 to 2006 depicted only the EU15, rather than the entire European continent, which is shown on coins minted after 2007. The common side of the 1c, 2c, and 5c coins depicts Europe in relation to the rest of the world, while the other coins represent Europe as a geographical whole. The coins produced prior to 2008 only show the 15-member EU.
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Frequently asked questions
Yes, the official currency in Austria is the euro.
The symbol for the euro is € and the code is EUR.
One euro is subdivided into 100 cents.
Euro coins are available in denominations ranging from 1 cent to 2 euros. Euro notes come in €5, €10, €20, €50, €100, €200, and €500.
It is uncommon to pay for goods in Austria in any currency besides the euro.