Where to exchange money in Luxembourg
Before you set out exploring in Luxembourg, it's wise to be as prepared as possible for your trip. One important thing is knowing the local currency if it differs from your own and where you can exchange it.
In this article you will discover some of the best currency exchanges in Luxembourg that you can visit.
We will also introduce Wise - A digital alternative which could save you time and money.
Where to exchange money in Luxembourg
Before you set out exploring in Luxembourg, it's wise to be as prepared as possible for your trip. One important thing is knowing the local currency if it differs from your own and where you can exchange it.
In this article you will discover some of the best currency exchanges in Luxembourg that you can visit.
We will also introduce Wise - A digital alternative which could save you time and money.
Spend abroad without hidden fees
Currency exchanges in Luxembourg
If you’re still into the idea of carrying cash around and exchanging it, here are some popular foreign currency exchange locations in Luxembourg.
One reminder, though: there’s no such thing as fee-free or 0% commission foreign exchange transactions. So, always check the mid-market exchange rate in advance, so you know how much your money’s worth.
| Money Changer | Address | Contact Information |
|---|---|---|
| BT Money Transfers & Exchange - LIBERTÉ (Belmoney, Western Union e RIA) | 64 Av. de la Liberté, 1930 Gare Luxembourg | +352 661 215 521 |
| BT Money Transfers & Exchange Luxembourg (Western Union, Belmoney, RIA) | 38 Rue Joseph Junck, 1839 Gare Luxembourg | +352 661 215 521 |
| MERCEDES PAY S.A. | 59 Bd Royal, 2449 Ville-Haute Luxembourg |
Notice anything wrong with our results table? Let us know - If there is a genuine mistake, we will do our best to resolve it.
Euro rate today
When you're in Luxembourg, and also the rest of Luxembourg, the official currency is the Euro.
Yet, when you step into a currency exchange shop, you'll notice they use currency codes. The code associated with the Euro is EUR, so be sure to take note of it when comparing exchange rates.
What you should know about exchanging money in Luxembourg
When exchanging money in Luxembourg or any foreign city, it's important to be aware how to get the best deals and avoid excessive charges and hidden fees. If you are planning on staying in Luxembourg long-term or looking to make a larger investment you could consider opening a local bank account. Otherwise, use the tips below to help avoid getting overcharged.
1. Be wary of 'zero fee' services
Some services claiming 'no commission' often offer poor exchange rates. These may not reflect the mid-market rate, similar to what you'd see when checking the rate on Google. This can lead to higher costs for you and more profits for them.
2. Research the exchange rate
Check what the current exchange rate is so it's easier to spot a bad deal from currency exchanges.
3. Avoid exchanging money at airports or hotels
It may be highly convenient, but airports and hotels will almost always offer poor rates and high transaction fees. Avoid this where possible.
4. Use ATMs strategically
Check if your local bank has partnerships in Luxembourg banks to avoid unwanted ATM fees. It's becoming less of a requirement, but it can be good to inform your bank before traveling too.
5. Pick local currency on ATMs and card payments
When using an ATM abroad, choose to be charged in Euros for a fairer rate and fees. The same applies if you get the option on card machines.
Currency exchange bureau who?
Forget all about walking around the city in search for fair exchange rates for a low fee.
With a Wise Account you can access over 70 currencies wherever you are - and all with a single card.
And what's even better, at the mid-market exchange rate. Low fees and fair rates all around the world, that's the Wise way!
Get started today
Other currency exchanges
Bottom line
As you can see, there’s no shortage of options when it comes to exchanging money in Luxembourg. Don't forget to do your research on the exchange rate before converting your money, and check Wise out if you want a fuss-free alternative to exchanging cash.
Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.
This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.
We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.