Lyla Lindsey
Austria's exchange rate is the value of its currency, the Euro, against other currencies. Austria adopted the Euro on January 1, 1999, with a fixed conversion rate of 1 EUR = 13.7603 ATS. The exchange rate can be influenced by various economic factors, such as inflation and industrial output, and is of interest to investors and travellers alike. Exchange rates fluctuate, and Austria's exchange rate against the USD averaged 0.920 (USD/EUR) in May 2023, compared with 0.912 USD/EUR the previous month. Bank Austria and other financial institutions provide currency calculators and current exchange rate information to help individuals and businesses stay informed about the value of the Euro in the global market.
| Characteristics | Values |
|---|---|
| Austria's currency | Euro |
| Exchange rate against USD in May 2023 | 0.920 (USD/EUR) |
| Exchange rate against USD in April 2023 | 0.912 USD/EUR |
| Exchange rate against USD in Dec 1970 | 1.889 |
| Exchange rate against USD in Jul 2008 | 0.635 |
| Exchange rate against USD prior to January 1999 | 1 EUR = 13.7603 ATS |
| Exchange rate against USD prior to January 1971 | Sourced from the International Monetary Fund |
| Exchange rate against USD in Nov 2021 | -0.573 % pa (3 Months) |
| Exchange rate against USD in May 2023 | 3.030 % pa (Long Term Interest Rate) |
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What You'll Learn
Austria's exchange rate against USD
Austria's exchange rate against the US dollar has fluctuated over the years. Austria's currency is the euro, and in May 2023, the Austria exchange rate against the USD averaged 0.920 (USD/EUR), compared to 0.912 USD/EUR in the previous month.
The euro saw periods of strength and weakness in the 2010s. In late 2022, the euro briefly hit parity with the dollar for the first time in two decades. Overall, in the last decade, the euro lost ground against the dollar due to lower interest rates and weaker economic growth prospects than the US. The exchange rate ended 2022 at USD 1.07 per EUR, compared to USD 1.14 per EUR at the end of 2021.
The Austria exchange rate against the USD reached an all-time high of 1.889 in December 1970. However, it is worth noting that Austria adopted the euro on January 1, 1999, with a fixed conversion rate of 1 EUR = 13.7603 ATS. Exchange rates against the USD before this date were calculated using the fixed conversion rate.
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EURIBOR interest rates
EURIBOR, short for Euro Interbank Offered Rate, is a reference rate constructed from the average interest rate at which eurozone banks offer unsecured short-term lending on the inter-bank market. It is a forward-looking rate of five different maturities, ranging from one week to 12 months. The five rates with maturities are updated daily and represent the average interest rate that eurozone banks charge each other for uncollateralized loans. The Euribor rate influences various financial products, such as mortgages, savings accounts, car loans, interest rate swaps, interest rate futures, and various derivative securities.
Euribor is calculated by a benchmark administrator called Global Rate Set Systems Ltd. It is based on contributions from 19 influential European banks, reflecting the liquidity and financial condition of the eurozone. The Euribor rate is provided in five different maturities: one week, one month, three months, six months, and 12 months.
Euribor is an important benchmark for a range of euro-denominated financial products. It is considered to be the most important reference rate in the European money market. The interest rates provide the basis for the price and interest rates of all kinds of financial products. This is the reason why many professionals and individuals monitor the development of Euribor rates intensively.
The Euribor started to be used in 1999 and has been calculated daily since then. It is used as a reference for interest rates over a period of months or a year, while the €STR (Euro Short-Term Rate) is used for reflecting the price of overnight interbank transactions.
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Euro to Swiss Franc conversion
Austria's official currency is the Euro, which was introduced in 2002. The country is part of the Eurozone, which consists of 20 countries, including Germany, France, Italy, and Spain.
If you are interested in converting Euros to Swiss Francs, there are several online currency converters that can help you. These include xe.com, currency.me.uk, and themoneyconverter.com. These websites provide live currency rates and converters, along with historical exchange rate data, charts, and other tools.
It is important to note that the rates provided by these websites are typically mid-market rates for informational purposes only. The actual rates offered by banks or currency exchange providers may differ.
As of March 26, 2025, according to xe.com, 1 EUR is equal to 0 CHF. This is the lowest rate in the last 90 days, with the highest being at 0.0000.
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Euro to Pound conversion
The Euro is the official currency of Austria, and exchange rates can fluctuate daily. As of the 27th of March 2025, 1 Euro was worth 0.83 to the British Pound. This is the mid-market rate, and it's important to note that you won't receive this rate when sending money. The 30-day average exchange rate for the Euro to Pound was 1.1969, with a high of 1.2122 and a low of 1.1860. The 90-day average was slightly higher at 1.1977, with a high of 1.2122 and a low of 1.1831.
When converting Euros to Pounds, or any currency for that matter, it is always worth shopping around to find the best rate. Banks and traditional providers often have extra costs, which they pass on to the customer by marking up the exchange rate. It is also worth considering the timing of the conversion as exchange rates can vary greatly over time due to various economic factors.
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Austria's fixed conversion rate to the Euro zone
Austria's currency is the Euro, and it has been since the country joined the Eurozone on January 1, 1999. At that time, the fixed conversion rate was set at 1 EUR = 13.7603 ATS.
Austria's exchange rate is most often discussed in relation to the US Dollar. For example, in late 2022, the Euro briefly hit parity with the Dollar for the first time in two decades. The exchange rate ended 2022 at USD 1.07 per EUR, compared to USD 1.14 per EUR at the end of 2021.
FocusEconomics collects Austrian exchange rate projections for the next ten years from a panel of 49 analysts at leading forecast institutions. These projections are then validated by an in-house team of economists and data analysts and averaged to provide a Consensus Forecast.
Austria's exchange rate is also influenced by economic factors such as industrial output, economic sentiment, and inflation. For example, in August 2024, economic sentiment fell to an eight-month low, and harmonized inflation decreased to 2.9% in July from 3.1% in June of the same year.
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Frequently asked questions
The Austria Exchange Rate is given in USD per EUR. In May 2023, the average was 0.920 (USD/EUR) compared to 0.912 USD/EUR in April 2023.
Bank Austria provides a currency calculator on its website to find the current exchange rates. Erste Bank and Sparkasse also provide information on exchange rates.
The Austria Exchange Rate against USD reached an all-time high of 1.889 in December 1970.
