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Germany (Euro)
Germany officially uses the Euro as the local currency having introduced Euro notes and coins at the beginning of 2002 to replace the Deutschemark. 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 6 2006, the Euro was trading around 1.1980 against the dollar and 0.6830 against Sterling (1.464 for Sterling/Euro)
Tourist rates
On February 6 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 0.70.
Travellers cheques should be taken in Euros.
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