Currency in Frankfurt Germany: Exchanging Money Made Easy

Author

Reads 1K

A Variety of Indonesian Currency
Credit: pexels.com, A Variety of Indonesian Currency

Exchanging money in Frankfurt, Germany is surprisingly easy. You can exchange your money at a bank, currency exchange office, or even some hotels.

The Euro is the official currency in Frankfurt, and you can find it widely accepted throughout the city. It's also a good idea to have some smaller bills and coins on hand for small purchases.

ATMs are also widely available, and you can withdraw Euros using your debit or credit card.

See what others are reading: Usd Currency Exchange

Exchanging Money

Exchanging money in Frankfurt is a breeze, thanks to the numerous currency exchange services available. You can find Western Union, Geldwechsel, Goldankauf, Goldverkauf, Ucambio Exchange & Money Transfer GmbH at Zeil 5 Ladengeschäft, Nr 3, 60313 Frankfurt am Main, Germany.

Their phone number is +49 69 13389263, and you can visit their website at n/a. They have a Google rating of 4.4 out of 5 stars. If you need to exchange money on a weekday, you can visit them from 9:00 AM to 8:00 PM.

Bitcoin coin standing in front of a 100 dollar bill, symbolizing cryptocurrency and traditional currency themes.
Credit: pexels.com, Bitcoin coin standing in front of a 100 dollar bill, symbolizing cryptocurrency and traditional currency themes.

Riamoneytransfer.com is another option, located at Haus große Engel, Römerberg 28, 60311 Frankfurt am Main, Germany. You can reach them at +49 69 21936970 or visit their website at http://www.riamoneytransfer.com/. They have a Google rating of 4.2 out of 5 stars.

Here are the opening hours for both Western Union and Riamoneytransfer.com:

Choosing a Provider

Choosing a provider is a crucial step in exchanging money in Frankfurt. Compare the available options to find the best one for your needs.

Costs can add up quickly, so make sure to check both the exchange rate and the fees charged. It's common for services to hide fees in the exchange rate, so don't be fooled by promises of no commission.

A reputable and licensed provider is essential for your safety. If you're exchanging money at a major bank, you can rest assured it's licensed. If you're using physical currency exchange stores, ask how they're regulated.

Don't rely solely on online reviews, but also ask friends and family in Frankfurt for personal recommendations. Use online resources like Google reviews and Trustpilot to see what previous customers have to say about any service you're considering.

Getting the Best Rates

Detailed close-up of Indian Rupee banknotes with iconic Gandhi portrait, emphasizing economy and currency themes.
Credit: pexels.com, Detailed close-up of Indian Rupee banknotes with iconic Gandhi portrait, emphasizing economy and currency themes.

To get the best rates for currency exchange in Frankfurt, it's essential to understand the mid-market exchange rate for your currency pair. This is the rate used when trading on global markets, and it's a good benchmark to measure up your options.

The mid-market rate can be found on Google, and you should look for a provider that offers this rate or as close as possible to it. A good option is to use a travel money card from a service like Wise, which offers currency exchange using live mid-market rates with transparent fees.

To compare the available rates across different providers, check for any additional fees or commissions that can significantly push up costs. You can also use online currency converters or mobile apps to stay updated on the current exchange rates for your currency pair and buy when the time's right.

A unique perspective: Does Germany Use Euro Currency

Best Rates

To get the best rates, you need to understand the mid-market exchange rate, which is the rate used when trading on global markets. This rate is the benchmark to measure up your options for currency exchange in Frankfurt.

On a similar theme: Germany Foreign Exchange Rate

From above of United States currency folded in roll placed on USA flag illustrating concept of business profit and wealth
Credit: pexels.com, From above of United States currency folded in roll placed on USA flag illustrating concept of business profit and wealth

The mid-market rate is not always passed on to customers, as providers usually add a percentage markup or margin to the rate offered to retail customers. To find a provider that offers the mid-market rate or close to it, look up the mid-market rate on Google and compare it with the rates offered by different providers.

Using a travel money card from a service like Wise can be a good option, as it offers currency exchange using live mid-market rates with fees split out for clarity and transparency. This can help you avoid additional fees or commissions that can push up costs significantly.

To compare rates effectively, make sure to check for any additional fees or commissions across different providers close to you and online. You can use online currency converters or mobile apps to stay updated on the current exchange rates for your currency pair and buy when the time's right.

Here are some key points to keep in mind:

  • Compare rates across different providers
  • Use online currency converters or mobile apps to stay updated on exchange rates
  • Consider using an online alternative like Wise for instant currency conversion

Finding the Best Rates

Skyline view of Frankfurt city with Main River and towering skyscrapers.
Credit: pexels.com, Skyline view of Frankfurt city with Main River and towering skyscrapers.

To get the best currency exchange rate in Frankfurt, you need to understand the mid-market exchange rate for your currency pair. This rate is the one used when trading on global markets, and it's what banks and currency exchanges get when they buy or sell currencies themselves.

The mid-market rate can be found on Google, and it's a good benchmark to measure your options for currency exchange in Frankfurt. Look for a provider that offers this rate or as close as possible to it.

You can also consider using an online alternative like Wise, which offers currency exchange using live mid-market rates with clarity and transparency.

To find the best rates, compare the available rates across different providers close to you and online. Be sure to check for any additional fees or commissions that can push up costs significantly.

Here are some tips to help you find the best exchange rates in Frankfurt:

  • Compare rates across different providers
  • Use online currency converters or mobile apps to stay updated on current exchange rates
  • Consider using an online alternative like Wise

By following these tips, you can find the best exchange rates in Frankfurt and save money on your currency exchange needs.

Where to Get Currencies

Close-up Shot of Paper Money and Gold Coins
Credit: pexels.com, Close-up Shot of Paper Money and Gold Coins

In Frankfurt, Germany, you can find currency exchange services at various locations. Western Union, for example, has a physical branch at Zeil 5 Ladengeschäft, Nr 3, 60313 Frankfurt am Main, Germany, with a phone number of +49 69 13389263 and a Google rating of 4.4 out of 5 stars.

Reisebank also has a wide network of branches, including one at Haus große Engel, Römerberg 28, 60311 Frankfurt am Main, Germany, with a phone number of +49 69 21936970 and a Google rating of 4.2 out of 5 stars. Their branches are easily accessible, especially at major train stations, airports, and city centers.

If you prefer to exchange currency online, Reisebank offers this service as well, with the option to have your currency delivered to your home within 3 business days.

Our On-Site Service

Our On-Site Service is a game-changer for travelers. You can exchange your foreign currency into Euro at Reisebank's branches located at major train stations, airports, and city centers.

Modern Skyline of Frankfurt am Main, Germany
Credit: pexels.com, Modern Skyline of Frankfurt am Main, Germany

Their personal service is top-notch, and they also offer self-service branches at selected locations, which are essentially ATMs that dispense travel money and facilitate currency exchange.

You can deposit US-Dollars into these machines and withdraw Euros, making it a convenient option for travelers.

Reisebank's on-site cash experts are happy to advise you on the right cash arrangement for your travel plans.

You can choose from a large selection of international currencies, including exotic options available for immediate exchange.

Here's a rundown of their on-site services:

  • Currency exchange
  • Coin exchange
  • Exchanging foreign currency into Euros
  • Exchanging euros into foreign currency
  • Currency purchase
  • Currency sale
  • Custom denominations as per your preference
  • Travel currency advice

Their premium money back guarantee program offers additional security and convenience for your currency exchange.

Where to Get Foreign Currencies

You can find currency exchange services in various places in Frankfurt, including banks, currency exchange bureaus, and online platforms. Some of the popular banks that offer currency exchange services are Deutsche Bank, Commerzbank, and Sparkasse.

One of the most convenient options is to use an ATM, which can be found throughout the city. Most ATMs accept international cards and can dispense local currency, although be aware that you may incur additional fees such as ATM withdrawal charges and foreign transaction fees imposed by your home bank.

Traditional Opera House in Frankfurt
Credit: pexels.com, Traditional Opera House in Frankfurt

If you're looking for a more personalized service, you can visit a currency exchange bureau like ReiseBank or Ria Financial Services, which often have longer operating hours compared to banks. Some popular exchange bureaus in Frankfurt are located at major train stations, airports, and city centers.

Here are some popular currency exchange options in Frankfurt:

You can also consider using online platforms like Wise, which offers currency exchange using live mid-market rates with no markup or margin. This can be a cost-effective option, especially for small transactions.

Rating the Shops

When researching currency exchange shops, it's essential to consider their Google ratings. We've taken into account the Google ratings at the time of research, looking at exchange services in popular Frankfurt areas.

Google ratings can change over time, so it's crucial to do your own research before visiting a shop. As ratings are dynamic, and things change all the time, you’ll want to also do your own research before you head out to exchange your money.

Ratings can vary significantly from one shop to another, so it's vital to compare them before making a decision.

Money Transfer Services

Credit: youtube.com, International Money Transfer - 3 Tips to Choosing a Service (2021)

If you're looking for a reliable money transfer service in Frankfurt, Germany, you have several options. Ria Money Transfer & Currency Exchange has two locations in the city, with one located near the Hauptbahnhof and the other on Kaiserstraße.

You can reach Ria Money Transfer & Currency Exchange by phone at +49 69 24009620 or +49 69 24247611, or by visiting their website at http://www.riamoneytransfer.com/. Their Google rating is 4.6 out of 5 stars and 4.8 out of 5 stars, respectively.

Here are the opening hours for the two Ria Money Transfer & Currency Exchange locations:

Western Union, Geldwechsel, Goldankauf, Goldverkauf, Ucambio Exchange & Money Transfer GmbH is another option, with a location on Zeil 5 Ladengeschäft, Nr 3, 60313 Frankfurt am Main, Germany. You can reach them by phone at +49 69 13389263. Their Google rating is 4.4 out of 5 stars.

Ria Money Transfer

Ria Money Transfer has two locations in Frankfurt am Main, Germany. The first location is at Am Hauptbahnhof 4, 60329 Frankfurt am Main, Germany, and can be reached by phone at +49 69 24009620.

A close-up of a hand using a payment terminal with currency notes and a money box in view.
Credit: pexels.com, A close-up of a hand using a payment terminal with currency notes and a money box in view.

The first location is open from 7:30 AM to 9:00 PM from Monday to Friday, and from 9:00 AM to 8:00 PM on Saturdays. It has a Google rating of 4.6 out of 5 stars.

The second Ria Money Transfer location is at Kaiserstraße 70, 60329 Frankfurt am Main, Germany. You can reach it by phone at +49 69 24247611.

This location is also open from 7:30 AM to 9:00 PM from Monday to Friday, and from 9:00 AM to 8:00 PM on Saturdays. It has a Google rating of 4.8 out of 5 stars.

Here is a summary of the opening hours for both Ria Money Transfer locations:

Western Union & Currency Exchange

If you're looking for a reliable service to exchange your foreign currencies, Western Union is a great option to consider. They have a physical presence in Frankfurt, making it easy to find a location near you.

Western Union offers a wide range of currencies to exchange, including US-Dollar, Euro, and more. You can find their services at various locations throughout the city.

Stunning view of Steigenberger Frankfurter Hof hotel illuminated at dusk in Frankfurt, Germany.
Credit: pexels.com, Stunning view of Steigenberger Frankfurter Hof hotel illuminated at dusk in Frankfurt, Germany.

To find a Western Union location near you, check out their address at Zeil 5 Ladengeschäft, Nr 3, 60313 Frankfurt am Main, Germany. You can also give them a call at +49 69 13389263.

Here's a list of Western Union's business hours:

You can also check out their website, although it's not mentioned in the article.

Travel Money

You can exchange your travel money into various currencies in Frankfurt, thanks to the wide presence of currency exchange services in the city.

Before exchanging your money, it's worth shopping around to compare a few different options, which can help your money go further.

In Frankfurt, you'll find an extensive service for exchanging foreign currencies, making it a convenient solution for travelers.

To get the best deal, take some time to research and compare the exchange rates offered by different currency exchange services in Frankfurt.

Guidelines and Tips

Avoid last-minute currency exchange transactions, especially at airports or tourist areas, as they often come with unfavorable exchange rates and high fees.

View of Trams on the Streets of Frankfurt am Main in Winter
Credit: pexels.com, View of Trams on the Streets of Frankfurt am Main in Winter

Take the time to compare exchange rates and fees at different banks and exchange bureaus to get the best deal. This will help you save money and avoid unnecessary charges.

Utilize online currency converters and comparison websites to track exchange rates and find the most cost-effective option. These tools can be a huge time-saver and provide you with up-to-date information.

Consider using your debit or credit card for purchases in Frankfurt, and opt to pay in Euros rather than your home currency to avoid additional conversion fees.

Here are some key tips to keep in mind:

  • Compare exchange rates and fees at different banks and exchange bureaus.
  • Use online currency converters and comparison websites to track exchange rates.
  • Paying in Euros can help you avoid additional conversion fees.

Online and Airport Options

If you're planning to exchange currency in Frankfurt, Germany, you have two main options: online platforms and airport counters. Online currency exchange platforms like TransferWise, Revolut, and N26 offer competitive exchange rates and low transaction fees.

Exchanging currency at Frankfurt Airport, however, usually comes with higher fees and less favorable exchange rates. It's advisable to exchange only a small amount of currency at the airport to cover immediate expenses.

When using online platforms, ensure that the platform is reliable and secure before transferring large sums of money.

Counters at Airports

Banknotes on White Surface
Credit: pexels.com, Banknotes on White Surface

Frankfurt Airport is one of the busiest airports in Europe and has several currency exchange counters.

While currency exchange at airports offers quick services, they usually come with higher fees and less favourable exchange rates.

It’s advisable to exchange only a small amount of currency at the airport to cover immediate expenses.

You can exchange the rest at more favourable locations in the city for better rates.

Online Platforms

Online Platforms are a convenient way to exchange currency. Platforms like TransferWise, Revolut, and N26 offer competitive exchange rates and low transaction fees.

Using online platforms can save you money compared to traditional currency exchange methods. However, it's essential to ensure that the platform is reliable and secure before transferring large sums of money.

Frequently Asked Questions

What is the best currency to take to Germany?

For travel to Germany, it's recommended to bring Euros (€) as they are the local currency and widely accepted, making it easier to pay for goods and services. Bringing US dollars (US$) is not the most practical option due to exchange rate complexities.

Which currency is used in Frankfurt?

The official currency used in Frankfurt is the Euro (EUR). As an international traveler, you'll need to exchange your currency for Euros to cover your expenses in the city.

Should I get euros before going to Germany?

You have the option to exchange money before traveling to Germany or get euros upon arrival, but exchanging in advance gives you more control and choice. Consider exchanging your money in advance for a more convenient travel experience.

Joan Lowe-Schiller

Assigning Editor

Joan Lowe-Schiller serves as an Assigning Editor, overseeing a diverse range of architectural and design content. Her expertise lies in Brazilian architecture, a passion that has led to in-depth coverage of the region's innovative structures and cultural influences. Under her guidance, the publication has expanded its reach, offering readers a deeper understanding of the architectural landscape in Brazil.

Love What You Read? Stay Updated!

Join our community for insights, tips, and more.