This FAQ covers everything you need to know about the currency used in the Netherlands, including its history, current usage, exchange rates, and practical tips for travelers and investors. Whether you're planning a trip or curious about the Dutch monetary system, these answers provide clear, up-to-date information.

What is the currency of the Netherlands?

The official currency of the Netherlands is the euro (EUR), which has been in use since 2002 when it replaced the Dutch guilder.

The euro is the single currency of the eurozone, used by 20 of the 27 European Union member states. Banknotes and coins are issued by the European Central Bank and the Dutch central bank, De Nederlandsche Bank. The euro symbol is €, and it is subdivided into 100 cents.

What was the currency of the Netherlands before the euro?

Before adopting the euro, the Netherlands used the Dutch guilder (NLG) as its currency for over 300 years.

The guilder was introduced in the 17th century and became a symbol of Dutch economic strength. It was divided into 100 cents. When the euro was introduced in 2002, the exchange rate was fixed at 2.20371 guilders per euro. Old guilder banknotes and coins can no longer be exchanged at the central bank, but some collectors and museums still display them.

Is the euro the only accepted currency in the Netherlands?

Yes, the euro is the only official currency accepted for everyday transactions in the Netherlands.

While some tourist areas might accept US dollars or British pounds, it is not common and exchange rates may be poor. It is always best to use euros for cash payments. Credit and debit cards are widely accepted, and contactless payments are very popular. Some businesses may also accept mobile payment apps like Apple Pay and Google Pay, which are linked to euro-denominated accounts.

How do I exchange money in the Netherlands?

You can exchange money at banks, exchange offices, and some hotels, but the easiest and most cost-effective way is to use an ATM (called a 'geldautomaat' in Dutch) to withdraw euros directly from your bank account.

ATMs are widely available, and your bank may charge a foreign transaction fee. Compare rates at exchange offices, but be aware of hidden fees. It’s often better to use a credit card with no foreign transaction fees for purchases, and to withdraw larger amounts less frequently to minimize ATM fees. Avoid exchanging money at airports or tourist spots, where rates are usually worse.

What is the current exchange rate of the euro to the US dollar?

Exchange rates fluctuate daily, but as of early 2026, the euro is generally trading around $1.08 to $1.12 USD.

For the most accurate rate, check a reliable financial website or your bank. The exchange rate is influenced by economic factors such as interest rates, inflation, and political stability in the eurozone and the United States. Keep in mind that when you exchange money, the rate you get will be slightly different from the market rate due to fees and margins.

Can I use US dollars in the Netherlands?

No, US dollars are not accepted as legal tender in the Netherlands, and most businesses will not accept them for payment.

You will need to exchange your dollars for euros at a bank, exchange office, or ATM. Some large hotels may accept dollars, but they will likely give you a poor exchange rate. It is always best to pay in euros to avoid extra costs. If you have leftover dollars, you can exchange them at the airport before you leave, but again, rates may be unfavorable.

What are the pros and cons of using cash versus cards in the Netherlands?

Using cash in the Netherlands is declining, but it is still useful for small purchases and in some rural areas; cards, especially contactless, are preferred in most urban settings.

  • Pros of cash: Accepted everywhere, helps with budgeting, no transaction fees.
  • Cons of cash: Risk of loss or theft, need to find ATMs, may not be accepted in some places (like some supermarkets and public transport).
  • Pros of cards: Convenient, widely accepted, often better exchange rates, contactless is fast.
  • Cons of cards: Potential foreign transaction fees, risk of card fraud, not accepted in some small shops.

Many Dutch people use debit cards (Maestro or V PAY) for almost everything, but Visa and Mastercard credit cards are also widely accepted. Always carry some cash as a backup.

Is the Netherlands a cashless society?

While the Netherlands is moving towards a cashless society, it is not fully cashless; cash is still accepted in most places, but the trend is clear.

According to recent data, cash payments account for less than 30% of transactions, and many Dutch people rarely carry cash. However, businesses are required by law to accept cash unless they have a valid exemption. Public transport, parking meters, and some vending machines may be card-only. For travelers, it's wise to have both cash and cards, but you can rely mostly on your contactless debit or credit card.

Final Thoughts

Understanding the currency of the Netherlands is straightforward: the euro is the official currency, and it has been for over two decades. Whether you're a tourist or an investor, knowing how to handle money in the Netherlands will make your experience smoother.

Always check current exchange rates and be aware of fees when exchanging or withdrawing money. While cash is still accepted, the country is rapidly moving towards digital payments, so having a contactless card is essential. By following the tips in this FAQ, you'll be well-prepared to manage your finances in the Netherlands in 2026.