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When preparing luggage vocational training in Germany, you need to learn and understand the German currency and the denominations currently in circulation. This will help you be more flexible and easier in shopping, paying for services or making financial transactions when living in this country. Let's SHD Academy Find out specifically what money Germany uses today, denominations German money as well as how to convert Vietnamese currency to Euro to have the best preparation before starting the journey of living and working right in the article below!

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What is the currency in Germany?

The official currency in Germany is the Euro, issued by the European Central Bank (ECB) and started circulating on January 1, 2002. Currently, the Euro is not only widely used in Germany but also common currency used in the European Union (EU). Specifically, there are 20 EU member states using this common currency. including Austria, Belgium, Croatia, Cyprus, Estonia, Finland, France, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Slovakia, Slovenia, Portugal, Spain and Germany.

So what is German money called? The German currency is also known as the Euro, with the ISO currency code EUR and the currency symbol “€”. This special symbol is designed in the shape of a curved E. and two horizontal lines in the middle. This shape not only recalls classical Europe but also symbolizes the sustainability of the Euro as well as the European economic zone.

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đồng tiền đức — *The Euro is the official currency in Germany (Source: Collected)*

Current German currency denominations

Nowadays, in GermanyThere are two types of currency in circulation: paper money (Noten) and coins (Münzen). Paper money has the same design as other countries, but coins have different designs on the back, representing the unique characteristics of each issuing country. Below are the characteristics of German currencies you should know to avoid confusion when trading:

Paper money

German banknotes come in seven different denominations, including 5€, 10€, 20€, 50€, 100€, 200€ and 500€. However, in everyday life, very few people use the 500€ note. The common feature of the banknotes is that the front side depicts a window or the front part of a door, while the back side of each note features images of architectural structures from different historical periods in Europe.

The 5€ banknote is grey and features an image of classical Greek architecture from before the 5th century.
The 10€ banknote is red and features Romanesque architecture from the 11th – 12th centuries.
The 20€ banknote is sky blue and features Gothic architecture from the 13th and 14th centuries.
The 50€ banknote is orange and features Renaissance architecture from the 15th and 16th centuries.
The 100€ banknote is green, and features Baroque and Rococo architecture from the 17th and 18th centuries.
The 200€ banknote is brown and features an image of 19th-20th century glass and steel architecture.
The 500€ banknote is purple, with images of modern architecture from the 20th and 21st centuries printed on the banknote.

>> Reference: Study and work in Germany: Summary of detailed information

Mệnh giá tiền Đức — *German banknotes have 7 different denominations (Source: Collected)*

Coins

German coins, also known as metal coins, come in denominations of 1 cent, 2 cents, 5 cents, 10 cents, 20 cents, 50 cents, 1€ and 2€, where 1€ is equivalent to 100 cents. The common point of these coins is that the front side shows the denomination, while the back side is designed with symbols that bear the strong national imprint. Among them, the image of the German eagle (Bundesadler) - a symbol of national power and sovereignty, and the Brandenburg Gate - a famous symbol of Berlin.

Germans often use coins to pay for small daily services such as buying things at convenience stores, paying for parking, buying public transport tickets or buying drinks at vending machines.

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Lưu ý khi sử dụng tiền Đức — *Coins are used to pay for small daily services (Source: Collected)*

Convert Vietnamese Dong to Euro where in european countries

For Vietnamese students who come to Germany for the first time, it is often difficult to find a place to exchange cash. Below are popular places to exchange Vietnamese currency to Euro in Germany that you can refer to:

Exchange money at German airport

Most airports in Germany have currency exchange counters, usually located in the arrivals or departures areas, to help travelers easily exchange cash upon arrival. Although exchanging currency at the airport is quick, the service counters are not open 24/7, and the exchange rates here are often not competitive compared to other locations due to high service fees. If international students need cash urgently, they should only exchange a small amount at the counter first, then find banks with better exchange rates in the German city to exchange more money.

Đổi tiền Đức — *Exchange money at the currency exchange counter at the German airport (Source: Collected)*

Exchange money via ATM in Germany

International students can exchange foreign currency easily and quickly at ATMs throughout Germany. However, not all ATMs accept international credit or debit cards. Before making a transaction, international students should check the ATM for the logo of the international card network such as Visa, Plus, Mastercard or Cirrus. Depending on the card provider, international students may have to pay an additional ATM fee of 2-4 Euros per transaction.

Exchange money at banks in Germany

Exchanging Vietnamese currency to Euro at banks in Germany is a popular choice for many international students. Some large and reputable banks in Germany allow foreign currency exchange with public, transparent and safe exchange rates such as Deutsche Bank, Commerzbank, Kommerzielle Union, etc. To make the exchange, bank staff will ask international students to provide identification documents such as passports and visas. Then, the staff will calculate the exchange rate according to the financial market and notify you of the corresponding Euro amount. Don't forget to check the amount carefully before leaving the counter and keep the transaction receipt to avoid future problems.

In addition, in case you want to convert currency from Euro to VND, you can go to major banks such as Vietcombank, BIDV, Techcombank,… Or You can exchange money at gold shops or international money exchange counters, but you need to carefully check the reputation to avoid the risk of counterfeit money or unclear exchange rates.

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Important notes when converting currency

When making currency conversions, international students should note the following important things:

Choose a reputable money exchange location: Choosing a reputable currency exchange location is crucial to getting the best exchange rate. Avoid exchanging money at the airport or your accommodation as these locations often have uncompetitive exchange rates and may have hidden fees.
Compare exchange rates before exchanging: Exchange rates can vary between different locations, so before exchanging currency, you should check and compare rates at several banks or exchange offices to ensure you are getting the best rate.
Prepare complete documents: For large transactions, you will need to provide documents such as passport, airline ticket or travel/labor/vocational training contract to prove the purpose of using foreign currency.
Note on service fees: Each money transfer method may charge a service fee or a foreign currency conversion fee. So, before making a transaction, ask clearly to avoid additional fees.

>> Reference: Detailed review of life studying vocational training in Germany

Some frequently asked questions about German currency

Should I use cash or credit card when traveling in Germany?

In Germany, cash is a common method of payment, especially in small shops and flea markets. Credit cards may not be accepted in some places, so it is a good idea to have Euro cash on hand for convenience.

Can traveler's checks be used in Germany?

Tourists can exchange traveler's checks in Germany at currency exchange counters at airports and train stations. or the hotels you stay atHowever, you have to pay a high service fee and the exchange rate is lower than desired.

Can Vietnamese currency be used in Germany?

The Euro is the official currency of Germany, so Vietnamese currency is not accepted in this country. For convenience, you should exchange Vietnamese currency to Euro at banks in Vietnam before leaving. If necessary, you can also exchange foreign currency at the airport, train station or at banks and foreign exchange offices in Germany.

>> Related topics you can refer to:

Hopefully the information shared above can help international students better understand the German currency as well as know the denominations of coins. German money nowadays. Mastering this information will help you more conveniently in financial transactions when living and studying in Germany. In addition, if you are in need of learning about German vocational study abroad program, then do not hesitate to contact us immediately. SHD Academy via hotline 0336 760 276 for detailed and quick support.