Advertiser disclosure
The currency in Cyprus is the euro. As the official legal tender in Cyprus, the euro is officially recognized by the Cypriot government, meaning you can use it to settle all financial obligations in the country, including paying for goods, services, taxes, and debts.
Besides the euro, no other currency is officially accepted in Cyprus.
There are a couple of reasons why you might be interested to find out the currency in Cyprus. Click on the reason that best applies to you below to find out more:
- I'm travelling to Cyprus
- I'm sending money to Cyprus
- I want to follow the euro exchange rate
- I'm just curious
Travelling to Cyprus
With its different currency, banking system, and money customs, figuring out the best way to pay in Cyprus if you travel there can be tricky. Fortunately, many forms of payments have become ubiquitous around the globe, including:
- Credit cards: Cards from VISA and Mastercard are accepted in Cyprus, especially in touristy establishments.
- Debit cards: Debit cards linked to your bank account let you make purchases at point-of-sale terminals and withdraw cash.
- Cash: Having some euro banknotes could help for small purchases, tipping, and emergencies. You can typically exchange currency at a bank or exchange bureau before or upon arrival.
- Mobile payments: Mobile payment services like Apple Pay, Google Pay, or Alipay are an increasingly popular way to pay, but you'll need to check beforehand how available these methods are in Cyprus.
- Prepaid travel cards: A reloadable debit card with a euro balance can give you good value, security, and convenience.
Of these methods, using a prepaid travel card is almost always the best way to pay in Cyprus because they generally incur lower fees on euro currency exchange than credit cards or bank debit cards do. Moreover, many prepaid travel cards let you hold multi-currency balances, allowing you to dodge DCCs and other sneaky fees while travelling — all while providing the same level of security and convenience as you're used to from your credit or debit card!
Depending on where you're from, you may be able to find a prepaid travel card from your bank. Still, we recommend using a global provider like Revolut because it offers excellent exchange rates, multi-currency balances, and a travel debit card that allows you to spend on your holiday like a local and enjoy peace of mind after each tap, swipe, or cash withdrawal.
Revolut is only available in the United States, the United Kingdom, the EU/EEA, Australia, Japan, Singapore, Azerbaijan, Sri Lanka, Brazil, and Chile. If you live in Canada or New Zealand, the Wise Account is another excellent option to consider. If you're from any other country, we recommend checking out what multi-currency cards are available in your country or whether your bank offers any similar products.
Sending Money to Cyprus
Every year, many people send money to Cyprus for all kinds of reasons. These include supporting friends or family, paying for someone's tuition, settling business transactions, purchasing or upgrading property, and many others. If you want to send an international money transfer to a euro bank account in Cyprus, then you should be aware of the high fees and exchange rates that go along with global money transfers with your international bank (these fees often constitute more than 10% of your transfer amount — you can read all about this in our dedicated explainer here).
Fortunately, international money transfers are a competitive market with many trustworthy alternative providers jostling to offer you the best exchange rates (rates which almost always far outdo those you'll find at the bank!). However, because the cheapest provider to send money abroad differs depending on factors such as where you're sending from, the amount you're sending, the payment method and others, we recommend skipping the hassle and finding the cheapest provider in real time with Monito's live comparison tool below 👇
Find the best deal when sending money to Cyprus:
Euro Exchange Rates
The euro is one of around 180 currencies worldwide. This means that the euro trades against all other official currencies around the globe, giving us exchange rates: a measure of how much of one currency we can exchange for another.
Exchange rates can fluctuate over time due to various economic, political, and market factors. A higher exchange rate means that the value of one currency has increased compared to another, while a lower exchange rate means the opposite. Exchange rates are essential when travelling to, buying goods and services from, or sending money to Cyprus.
With Monito's currency pages, you can follow the live exchange rate to the euro, see which providers offer the best deals, and set up smart email alerts to follow fluctuations:
You can also use the above tool to enter your currency to see its exchange rate with the euro or set up email alerts to be notified when the exchange rate passes a certain value.
Key Facts About the Euro
Currencies and foreign money can be interesting, unique, fun to learn about because they offer a glimpse into a country's culture, history, and economics. If you're just curious the euro and how it's used as the currency of Cyprus, here are a few key facts:
Cyprus Currency Name | Euro |
---|---|
Cyprus Currency ISO Code | EUR |
Currency Symbol | € |
Banknote Denominations | €5, €10, €20, €50, €100, €200, €500 |
Minor Unit | Cent |
Central Bank | ECB |
Cypriot Currency Since | 2008 |
Alternative Currencies | None |
Compare transfers to EUR in real time
FAQ About the Currency in Cyprus
What's the currency in Cyprus?
The currency in Cyprus is the euro.
Besides the euro, are there any other currencies in Cyprus?
Besides the euro, no other currency is officially accepted in Cyprus.
What's the best way to get euro in Cyprus?
The best way to get euro in Cyprus varies depending on your needs and preferences. In general, you can use your debit or credit card to spend money in Cyprus or ask your bank whether they offer a specific multi-currency card that supports euro balances. However, this method can rack up higher-than-expected charges, and if you're looking for the best fees and exchange rates, we recommend exploring online travel card leaders like the Wise Account and Revolut, which offer incredibly low-cost spending in dozens of currencies globally to see if they're available in your country.
What's the best way to send euro to Cyprus?
The best way to send euro to Cyprus depends on many things such as the country you're sending from, the amount of money you're sending, your payment method, and your recipient's receiving method. You can find the best deal to send euro to Cyprus by comparing providers on Monito!
When was the euro adopted as the currency in Cyprus?
The euro was first adopted as the currency in Cyprus on 1 January, 2008.
Why You Can Trust Monito
![What's the Currency in Cyprus? (1) What's the Currency in Cyprus? (1)](https://i0.wp.com/monito-cms.imgix.net/07badf22-365b-4f51-90a5-77ca4511f1b9_jak_wyglada_euro.jpg?auto=compress,format&rect=0,0,1500,1000&w=2400&h=1600)
Our recommendations are built on rock-solid experience.
- We've reviewed 50+ money transfer providers
- We've made 100+ test transfers
- Our writers have been testing providers since 2013
All About Global Money Transfers
How To Send Money Internationally (Top 10 Services of 2024)
April 29, 2024 - by Jarrod Suda
Monito Awards
April 8, 2024 - by François Briod
Best Ways To Send Money Internationally
March 27, 2024 - by François Briod
Cheapest Ways To Exchange Money
February 5, 2024 - by Jarrod Suda
Tips For Your First Online Money Transfer
January 31, 2024 - by Byron Mühlberg
Can You Transfer Large Amounts?
December 13, 2023 - by Byron Mühlberg
Does Venmo Work With GCash?
November 8, 2023 - by Byron Mühlberg
How Much Are Western Union's Fees?
October 12, 2023 - by Jarrod Suda
Best Money Transfer Services
October 11, 2023 - by François Briod
4 Best Multi-Currency Business Accounts
September 22, 2023 - by Byron Mühlberg
The Best Way to Buy Euros in the USA in 2023
June 20, 2023 - by Jarrod Suda
Interested in the Currencies of Other Countries?
Find a country you're interested in in the table below:
Learn the Tipping Etiquette of Other Countries and Regions
See if you need to take out cash to give tips during your travels abroad:
Why Trust Monito?
You’re probably all too familiar with the often outrageous cost of sending money abroad. After facing this frustration themselves back in 2013, co-founders François, Laurent, and Pascal launched a real-time comparison engine to compare the best money transfer services across the globe. Today, Monito’s award-winning comparisons, reviews, and guides are trusted by around 8 million people each year and our recommendations are backed by millions of pricing data points and dozens of expert tests — all allowing you to make the savviest decisions with confidence.
Monito is trusted by 15+ million users across the globe.
Monito's experts spend hours researching and testing services so that you don't have to.
Our recommendations are always unbiased and independent.