Everything you need to know
Latvia Currency
Travelling to or living in Latvia? Managing your money shouldn’t be stressful. With TransferGo, you can send, spend, and exchange money affordably — so more of your money goes where it matters.
Use the GoCard in Latvia
Open a UK bank account with us and get a GoCard for smarter spending in Latvia. Pay in local shops, use ATMs globally, and enjoy contactless payments—all with zero hidden fees. Everything is managed from the app. Available only to UK and EU residents.
What is the currency in Latvia?
The official currency of Latvia is the euro
Before the euro, Latvia used the lats (LVL).
EUR, €
Banknotes
€5
€10
€20
€50
€100
€200
€500
Coins
1
2
5
10
20
50 cents
€1
€2
Popular Euro pairings
A
B
C
D
E
F
G
H
I
J
K
L
M
N
O
P
Q
R
S
T
U
V
W
X
Z
How to spend money in Latvia
Latvia is very card-friendly, especially in Riga. Smaller towns and markets may still prefer cash, so it’s best to carry both. Tip: Always choose to pay in local currency (EUR) to avoid extra conversion charges. With TransferGo, you can spend confidently and save on hidden bank fees.
Tips for exchanging money in Latvia
ATMs are reliable: best way to withdraw cash.
Cash still common in rural areas.
Avoid exchange kiosks: rates are poor.
Budget tip: in cities, cards dominate; in villages, cash helps.
With TransferGo, you can send euros directly to Latvia or spend locally with your GoCard—no hidden fees.
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For over a decade, TransferGo has made financial services faster, simpler, more affordable—and more accessible to those who need them most.
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Frequently asked questions
What is the official currency used in Latvia?
The euro (EUR, €).
What is the official currency used in Latvia?
Symbol: € | Code: EUR
Can I use my home currency in Latvia?
No, euros only.
How can I use my GoCard in Latvia?
Just activate it in the app and start spending—online or in stores.
Is it better to use cash or card when spending in Latvia?
Both—cards for cities, cash for rural areas.
Are credit or debit cards widely accepted in Latvia?
Yes, especially in cities; smaller places may prefer debit.
Are there ATMs available in Latvia, and are there withdrawal limits?
ATMs are everywhere: but some might charge fees.
Can I use a GoCard in Latvia?
Yes! You can use your GoCard for spending, withdrawing, or managing your money—with fair rates and no hidden fees.