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Last updated : Nov 2009
Austria Currency
Austria Currency and Bank information - TravelPuppy.com
Single European currency, the Euro is now the official currency of 12 EU member states including Austria.

The first Euro coins and notes were introduced in January 2002, Austrian Schilling was in circulation until 28 February 2002, when it was completely replaced by the Euro.

Euro (€) = 100 cents. Notes are in denominations of €500, 200, 100, 50, 20, 10 and 5. Coins are in denominations of €2 and 1, and 50, 20, 10, 5, 2 and 1 cents.

Currency exchange

Foreign currencies and travellers cheques can be exchanged at all banks, savings banks and exchange counters at the airports and railway stations at official exchange rates.

Credit & debit cards in Austria

Major credit cards and Eurocheque cards are accepted in large cities and tourist areas. However, credit and debit cards are less widely accepted in Austria than they are in the UK or the USA and some smaller hotels may require bills to be paid in cash.

Travellers cheques

Travellers cheques are widely accepted. To avoid additional exchange rate charges, travellers are advised to take travellers cheques in a major currency (Euros, Pounds Sterling, US Dollars).

Currency restrictions

There are no restrictions on the import and export of either local or foreign currency.

Exchange rate indicators

The following figures are included as a guide to the movements of the Euro against Sterling and the US Dollar:
 
Date Nov '07
£1.00=
1.43635
$1.00=
0.68904
 
Banking hours

Banks in Vienna are open:

Monday-Wednesday and Friday 0800-1230 hrs and 1330-1500 hrs.
Thursday 0800-1230 hrs and 1330-1730 hrs.

Different opening hours may be kept in the Federal Provinces. The exchange counters at airports and at railway stations are generally open from the first to the last flight or train, which usually means 0800-2200 hrs including weekends.
Useful travel links
AMEX Travellers Cheques information on Amex travellers cheques
Oanda International currency and foreign exchange services
Travellers Cheques Visa information on Visa travellers cheques
Universal Currency Converter online foreign exchange and currency
VISA ATM Locator location of any ATM that accepts VISA cards