Introduction
Welcome to the complete guide on Euro to Tunisian Dinar exchange and Tunisia’s currency. If you’re planning a trip to this beautiful North African country, one of the first things to consider is how to handle currency exchange. In this page, we’ll provide you with all the essential information on how the Euro to Dinar exchange works, where to exchange money, and some useful tips to get the best exchange rate.
Table of Contents:
- Official Currency of Tunisia: The Tunisian Dinar
- Brief History of the Tunisian Dinar
- Euro to Tunisian Dinar Exchange Rate
- Where to Exchange Money in Tunisia
- Useful Tips for Currency Exchange in Tunisia
Official Currency of Tunisia: The Tunisian Dinar
The official currency of Tunisia is the Tunisian Dinar, abbreviated with the code TND or commonly referred to as DT. The Dinar is divided into 1000 millimes and comes in various forms: banknotes are available in denominations of 5, 10, 20, 30, and 50 Dinars, while coins include 5, 1, and 0.5 Dinars, as well as smaller millime denominations (5, 10, 20, 50, 100, and 200 millimes).
It’s important to note that unlike other currencies, the Tunisian Dinar cannot be legally exported or imported. Therefore, visitors need to exchange currency directly in Tunisia. Fortunately, there are numerous options available, including exchange offices and ATMs.
The Tunisian Dinar is widely used throughout the country, and tourists should always carry a certain amount of cash for small purchases, as not all shops or restaurants accept credit cards, especially in rural areas.
Brief History of the Tunisian Dinar
The Tunisian Dinar was introduced in 1958, shortly after Tunisia gained independence from France. Prior to that, the country used the Tunisian Franc. The transition from Franc to Dinar was at a 1:1 ratio, but after the devaluation of the Franc, Tunisia pegged the Dinar to the US Dollar. For many years, the exchange rate was stable at 0.42 Dinars per 1 US Dollar. This regime lasted until 1971, when the Dinar began to fluctuate more regularly according to international market trends.
In the following years, the Tunisian currency experienced several devaluations, but the government sought to maintain low inflation to ensure economic stability. Compared to other North African currencies, the Tunisian Dinar has shown less volatility, making Tunisia economically more stable than neighboring countries like Egypt and Morocco.
Euro to Tunisian Dinar Exchange Rate
The Euro to Tunisian Dinar exchange rate fluctuates regularly, but in recent years, it has shown a consistent upward trend. If we compare historical data, in 2003, one Euro was worth around 1.50 Tunisian Dinars. In 2009, the value increased to 1.80 Dinars per Euro, and by 2014, the exchange rate had risen to 2.20 Dinars per Euro. In 2019, one Euro was equivalent to about 3.50 Tunisian Dinars, and this trend of Dinar depreciation against the Euro has continued to this day.
For tourists, this means you can get more Dinars for each Euro exchanged today compared to previous years. However, it’s always advisable to check the current exchange rate before traveling to Tunisia, as fluctuations can affect your travel budget.
Where to Exchange Money in Tunisia
Exchanging money in Tunisia is a relatively simple process. Currency exchange offices are available almost everywhere, especially in major cities like Tunis, Sousse, and Hammamet. However, exchange rates may vary slightly depending on the location and type of service chosen.
- Airports: Exchange offices are available at major airports, but it’s worth noting that the exchange rates offered there are often less favorable than those found in city centers.
- Hotels and resorts: Many hotels offer currency exchange services, but they often charge higher fees than dedicated exchange offices.
- ATMs: ATMs are a convenient option, as many of them allow you to withdraw Dinars directly from Euro accounts. However, before departing, check with your bank for any international withdrawal fees.
Useful Tips for Currency Exchange in Tunisia
- Exchange small amounts at the airport: It’s always a good idea to exchange a small amount at the airport just to cover initial expenses (taxi, transport). Later, you can find more convenient exchange offices in the city.
- Keep your receipts: Remember to keep your exchange receipts, as you will need them if you wish to reconvert Dinars into Euros before leaving the country.
- Be mindful of opening hours: Exchange offices in cities may have limited opening hours, especially during holidays or weekends. It’s always advisable to plan your currency exchange in advance.
By following these tips and having a clear overview of how the Euro to Tunisian Dinar exchange works, you’ll be well-prepared to manage your money during your stay in Tunisia.
To read more of our articles, click here.
We also have a short video for you, click here.
