advertisement

The euro, the new single European currency, became the official currency of Finland and 11 other participating countries on January 1, 1999.

However, the euro didn't go into general circulation until early 2002. The old currency, the Finnish mark, disappeared into history on March 1, 2002, replaced by the euro, whose official abbreviation is "EUR." The symbol of the euro is a stylized E: €. Exchange rates of participating countries are locked into a common currency fluctuating against the dollar. For more details on the euro, check out www.europa.eu.

The U.S. Dollar & the Euro -- At the time of this writing, US$1 was worth approximately .625€. Inversely stated, 1€ was worth approximately US$1.60.

The British Pound, the U.S. Dollar & the Euro -- At press time, £1 equaled approximately US$2, and approximately 1.25€.

The Canadian Dollar, the U.S. Dollar & the Euro -- At press time, CD$1 equaled approximately US$1 and approximately 1.60€.

ATMS -- Plus, Cirrus, and other networks connecting automated teller machines operate throughout Scandinavia. The easiest and best way to get cash away from home is from an ATM (automated teller machine). The Cirrus (tel. 800/424-7787; www.mastercard.com) and PLUS (tel. 800/843-7587; www.visa.com) networks span the globe; look at the back of your bank card to see which network you're on, and then call or check online for ATM locations at your destination. Be sure you know your personal identification number (PIN) and daily withdrawal limit before you leave home. Also keep in mind that many banks impose a fee when a card is used at another bank's ATM, and that fee can be up to $5 or more for international transactions. On top of this, the bank from which you withdraw cash will likely charge its own fee.

Note: This information was accurate when it was published, but can change without notice. Please be sure to confirm all rates and details directly with the companies in question before planning your trip.