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Finland (Euro)
Finland officially uses the Euro as the local currency having introduced Euro notes and coins at the beginning of 2002 having given up the markka. The Euro is divided into 100 cents.
Currency regime
The Euro floats against the other major currencies with the European Central Bank (ECB) targeting inflation rather than the exchange rate, although intervention will be considered in exceptional circumstances.
Commercial rates
As at February 16th 2006, the Euro was trading around 1.1870 against the dollar and 0.6845 against Sterling (1.461 for Sterling/Euro)
Tourist rates
On February 16th 2006, the Euro was trading around 1.42 against Sterling. For 1 UK pound you will, therefore, receive around 1.42 Euros. You may also see the rate quoted in terms of Euro/Sterling rather than Sterling/Euro giving a rate of around 0.704.
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