Ireland Currency Exchange Guide

Renowned as the Emerald Isle, Ireland is a land steeped in history and culture where the rolling green hills meet the rugged coastline, and the friendly locals welcome you with open arms. From the bustling streets of Dublin to the windswept cliffs of Northern Ireland, travelling to Ireland is an unforgettable experience.

General Irish Currency Information

What is the currency of Ireland?

The official currency of Ireland is the Euro (EUR).

What do Irish notes & coins look like?

Irish notes

Minor changes have been made to the second series of euro banknotes to incorporate enhanced security features and distinguish it from the first series. The notes retain the same colour and architectural style per denomination as the previous series. The design, which displays the enlargements of the EU in chronological order from 2002, was created by Reinhold Gerstetter, an independent banknote designer based in Berlin.

The euro notes feature various elements, including the EU symbol, the currency name in three alphabets, a revised map of Europe, copyright protection, the signature of the ECB President, and the initials of the ECB in nine or ten linguistic versions, depending on the denomination.

Euro coins, money & banking. Free public domain CC0 image.

Irish euro coins all have a unique and distinctive design that showcases Ireland’s rich history and cultural heritage. Designed by Jarlath Hayes, the coins are emblazoned with the iconic image of the harp, which has been an enduring symbol of Ireland since the Middle Ages. The design also features the 12 stars of the EU, the year of issue, and the name of Ireland in traditional Gaelic script. With its rich symbolism and intricate design, the Irish euro coins are a testament to the artistic sensibility and cultural heritage of this proud nation.

Economy

Ireland has a well-established and thriving economy. Its strong institutional foundations ensure that economic freedom is protected, with a stable judiciary and keen protection of property rights. Its efficiency when it comes to regulations, plus its openness to global trade and investment, keeps the Irish economy highly competitive.

While budget deficits have increased the country’s debt burden, these appear to be managed and under control. It is no wonder that Ireland is currently the third freest economy in the world and second in the Europe region, a testament to the strength of its economic policies that other countries are striving to emulate.

Brief currency history

The history of Irish currency dates back to the 10th century when the Vikings introduced their own coins to the country. The first Irish coins were produced during the reign of King John in the early 13th century. The coins were made of silver and were known as pennies. The Irish pound sterling was introduced in 1928 as an alternative to the British pound, which had been used in Ireland for centuries. The one pound sterling was pegged to the British pound at a rate of one-to-one.

In 1979, The Republic of Ireland became a member of the European Monetary System (EMS) and introduced the Irish pound as a separate currency. The pound was pegged to a basket of currencies within the EMS, rather than just the British pound. In 1999, Ireland became a founding member of the Eurozone and the Irish pound was replaced by the euro. The exchange rate was fixed at 1 euro to 0.787564 Irish pounds.

Today, the euro is the official legal tender of Ireland and has been in circulation since January 1, 2002. The Central Bank of Ireland is responsible for the issuance of euro banknotes and coins in Ireland. While the euro has been widely accepted, some people still refer to prices in pounds, especially when discussing historical events or prices for property.

Taking Travel Money to Ireland

Ireland 2

What currency should I take to Ireland?

If you’re travelling to Ireland, you’ll need to exchange your Australian dollar (AUD) for Euro (EUR).

Is it better to convert currency in Australia or Ireland?

While both countries have their advantages, there are some practical reasons why it’s better to convert currency in Australia. By doing so, you’ll know exactly how much travel money you have before going to Ireland and can access those funds right away. This can help you stay on budget and avoid unnecessary expenses.

How much money can I take to Ireland?

If you travel to or from the European Union (EU) through an Irish airport or port with cash exceeding €10,000, you’re required to declare it to customs. Similarly, sending or receiving cash of €10,000 or more by post, freight, or courier may also require you to make a cash disclosure declaration.

Where to convert currency?

At Crown Currency Exchange, we offer a simple and convenient way to get your travel money with competitive exchange rates and no hidden fees or commissions. With almost two decades of professional service, we’re a trusted name in the industry. With 50 stores located throughout Australia, you’ll have no trouble finding one nearby.

Is tipping customary in Ireland? How much is expected?

Tipping in Ireland is always at your discretion, but 10% of the bill is considered a generous tip. Here are a few other guidelines to keep in mind when tipping in Ireland:

Restaurants: Tip between 10% to 12.5% of the bill based on the quality of service, and consider tipping higher for exceptional service. Be aware that some restaurants and most hotel restaurants may include a service charge (usually 12.5%), which can serve as a tip. If the service is poor and a service charge has been added, it may be disputable.

Bartenders: No tip is necessary, but for large groups with exceptional service, consider tipping €1 to €2 euros. Although barmen don’t expect tips, lounge staff may appreciate €1 to €2 for large orders.

Hotel porter: Tipping €1 to €2 per bag is appropriate if the bags are delivered to your room in a friendly and polite manner, and typically, the total tip should not exceed €5. However, many hotels do not offer this service, and even if they do, you may need to request it.

Taxi drivers: Tipping is not expected, but rounding up to the nearest Euro is common. Consider tipping 5% to 10% of the fare if the driver is exceptionally helpful, informative, and polite. Tip ranges from €1 to €10 Euros (with €10 being a generous tip) are at your discretion.

Hairdresser: For ladies’ hairdressers, consider tipping 10% of the bill, while for gents’ barbers, a tip of €1 to €2 euro or 10% of the bill is appropriate.

What is ATM access like in Ireland?

In Ireland, you can find a large network of 2900 ATMs across the country to withdraw cash using credit or debit cards, with Visa and Mastercard being the most commonly accepted. They can be located at transit centres, grocery stores, clubs and bars, convenience stores, outside Irish banks, and more.

What should you budget per day?

What should you budget per day?

Budget

If you’re a backpacker on a tight budget, spending money around €60- 75 (AUD $97-121) per day can provide you with enough funds to cover basic accommodation, food, and transportation expenses. It’s also a good idea to limit your drinking and opt for free or budget-friendly activities like museums, walking tours, or exploring local parks. However, if you plan on indulging in alcohol, be sure to add an additional €5-15 per (AUD $8-24) day to your budget. 

Moderate

With a moderate budget of €140-160 (AUD $225-257) per day, you can experience the beauty of this country without breaking the bank. This budget allows you to stay in affordable accommodations like private hostel rooms or Airbnb, indulge in cheap fast food for most meals, and enjoy a couple of drinks at local pubs. Additionally, you can take the occasional taxi and also visit the paid attractions like the Cliffs of Moher, giving you a fruitful experience of the culture and history of Ireland. 

Luxury

When it comes to travelling to Ireland on a luxury budget, there certainly isn’t a shortage of options. With a daily budget of €280 (AUD $450) or more, you’ll have access to some of the best hotels, restaurants, and activities that Ireland has to offer. Whether you want to indulge in fine dining, sip on some of the world’s best whiskey, or explore stunning landscapes on a private tour, you can do so without worrying about exceeding your budget.

Currency details

Currency:

Euro

Currency code:

EUR

Currency symbol:

Central bank:

Central Bank of Ireland

Nickname:

None

Currency sub-unit:

Cent = 1/100

Bank notes:

€5, €10, €20, €50, €100, €200, €500

Coins:

1c, 2c, 5c, 10c, 20c, 50c, €1, €2

Must-do's while you are in Ireland

Cliffs of Moher 

Visit the Cliffs of Moher 

The Cliffs of Moher stand at a staggering 214m tall, offering breathtaking views over the Atlantic Ocean. There are several walking paths along the cliffs where you can explore the area in all its glory. If you have time, be sure to visit O’Brien’s Tower – a historic tower built on one of the highest points of the cliffs. It offers stunning 360-degree views that no camera could do justice. 

Galway Bay

Go Island Hopping 

Head to Galway Bay and hop from island to island with an experienced guide who can tell you about each one’s history and folklore. Some islands are inhabited by traditional Irish families, so be mindful when exploring these spots, as they may not welcome visitors with open arms! During your island hopping adventure, keep your eyes peeled for wildlife, including seals, dolphins, and whales! 

Thanks to:u m a m i www.flickr.com/photos/umami88/659159838/

Sample Irish Cuisine   

Food is an important part of Irish culture – try some local dishes like boxty (a potato pancake), colcannon (mashed potatoes mixed with cabbage or kale) or coddle (a sausage and bacon dish). For dessert, why not indulge in some barmbrack (fruit cake) or apple tart? Of course, no meal would be complete without trying some legendary Guinness beer! Try it at one of Dublin’s oldest pubs, where it has been served since 1759. 

Newgrange

Explore Ancient Sights   

Ireland is known for its ancient castles, ruins and burial grounds which are scattered across the country. Take a guided tour around places such as Newgrange – a prehistoric monument older than Stonehenge – or visit Trim Castle – once home to Hugh de Lacy, who was granted lands by King Henry II in 1172 AD. These sights provide an interesting insight into how people lived centuries ago, so don’t forget your camera! 

Temple Bar

Listen to Traditional Music   

Nothing beats listening to traditional Irish music played by talented locals in cosy pubs around the country. If you have time, head down to Temple Bar during weekends when musicians from all walks of life fill up pubs with their melodies until late into the night! Alternatively, visit Cork City, where there is live music every night during summertime – so pick up a pint and enjoy yourself!  

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