The Euro rates below were last updated 1 minute ago
Latvia joined the Euro on 1 January 2014. If you are travelling to Latvia, you'll need to buy Euros instead.
If you're travelling to Latvia soon you'll want to get the best deal on your Latvian Lats. Our free comparison service compares the best Latvian Lat rates from the biggest currency suppliers in the UK so you can see at a glance who is offering the top deals. We are currently comparing 25 suppliers selling Latvian Lats in the UK with exchange rates ranging from 1.0700 to 1.1074.
But wait, it gets better! Many of the top suppliers listed above offer us exclusive exchange rates that are better than any other website which means if you order through us you could save even more money. We are so confident that you won't find better Latvian Lat exchange rates on any other UK website that we challenge you to let us know if you find a better deal!
The Latvian Lat is one of the currencies in the ERM II agreement which is a precursor to joining the Euro where the exchange rates are constrained between an upper and lower boundary. This is achieved by the government buying and selling currency to maintain supply and value. The result of this for UK travellers is that the Lat exchange rate tracks that of the Euro while remaining fairly steady.
Our statistics show that the average Brit takes about £500 worth of Lats to Latvia with them. As Latvia is a relatively cheap destination (a half-litre of local strong beer or lager costs £1.28 in a bar and about 75p in a shop), a small amount of currency can go a long way. You should take care that you are not conned when using taxis. Many unofficial Latvian taxis can charge massively over inflated charges. You should use a reputable taxi company that should be able to tell you the type, colour and number of the car that they are sending to you in advance. If you hail a taxi on the street or at the airport, ensure that you only use official registered vehicles. You should look for the yellow license plates that all official and licensed taxis use. Even when using official taxis it is advisable to determine the approximate price of the journey before starting your journey as reports have been received of some taxis using meters which have been adapted to clock up higher rates. Some taxis operating from Riga airport can charge highly inflated prices.
British citizens do not need a visa to enter Latvia and can stay for up to three months. If you would like to stay for longer than this, or if you would like to apply for a work permit, you should contact the Embassy of the Republic of Lativa in London for more information.
You are required to have valid health insurance when you visit Latvia that includes cover for repatriation. You may be asked to show proof of insurance upon entry.
Over the past week the Euro has increased by 0.22% from last Wednesday's rate of 1.105 to today's rate of 1.1074 which means £750 will buy you €1.80 more now than it would have a week ago. During this period the best rate we recorded was 1.11 on Saturday and the worst rate was 1.105 on Wednesday.
The 90 day outlook has seen the Euro rate drop by 5.59% from 1.173 on 28th July 2016 to 1.1074 today. Based on these figures, £750 would have bought you €49.20 more three months ago that it would have today. We recorded a high rate of 1.18 on 3rd August 2016 and a low rate of 1.091 on 11th October 2016.
Compare Holiday Money are partners of the Foreign & Commonwealth Office Know Before You Go campaign which provides official government advice for British travellers heading abroad.
The FCO release travel alerts containing important information for travellers to any countries where the safety or security of British citizens is at risk.
Posted by Matthew Weston on 21st October 2016
Time is fast approaching until the World prepares for the big celebrations leading up to Christmas. Destinations across the globe deck halls and streets with bells, holly and various festive objects. Lig read more