Can you still exchange Finnish markka for euros?
What happened to the old Finnish currency.
Short answer
No. The Bank of Finland exchanged markka banknotes for euros until 29 February 2012, ten years after euro cash came into use. Since that date markka notes have had no exchange value at the bank. The fixed conversion rate was 1 euro = 5.94573 markka.
Why
- The Bank of Finland announced that the exchange of markka notes ended at the end of February 2012.
- The ECB lists the fixed rate of 5.94573 markka to one euro.
- The ECB page on Finland shows that markka notes can no longer be exchanged.
Details
Euro banknotes and coins came into use in Finland at the start of 2002. Old markka notes and coins are now of interest mainly to collectors.
Tip
If you find old markka, keep them as a souvenir or ask a coin dealer. The bank will not take them.
What may differ
Collector value depends on the note or coin and its condition.
Common misconception
You can still swap markka at the Bank of Finland.
What actually happens
The deadline for markka notes was 29 February 2012.
People also ask
- What was the markka to euro rate?
- What currency does Finland use?
- When did Finland start using the euro?
Sources
This answer is for reference only. Payment rules and fees change, so check the official sources or your bank before you pay.
Practical: communication, money, servicesRelated questions
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Not yet.
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