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July 30, 2010
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Money and Cost of Living
Money and Banks
The Latvian currency is Lats which is abbreviated as LVL and Ls and santīms (1 Lats = 100 santīmi). The currency is fully convertible. 1 EUR is approximately 0,70 LVL. You can exchange your currency in banks. The main banks in Valmiera are Unibanka, Swedbanka, Latvijas Krajbanka, DnB NORD Banka, Hipoteku banka, Parekss banka, Baltijas Tranzitu banka - all located on or close to the main business street - Rīgas street. The usual opening hours for the banks is 8:00 -17.00 on working days.
All the banks have cash machines where you can withdraw money 24 hours a day. Cash machines are found outside the banks, in the main shopping centres and petrol stations. Major credit and debit cards are also widely used. Look for the sticker outside the bank or shop to find out what cards are accepted.
If you open an account in a Latvian bank, you can handle your money affairs also online.
Some currency rates:
| 1 LVL = 1.49 EUR | 1 EUR = 0.70 LVL |
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1 LVL = 1.93 USD |
1 USD = 0.51 LVL |
Cost of Living
The cost of living in Valmiera can seem rather inexpensive for students from other European Union countries. In this table you can see some average prices of products and services in Valmiera:
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Rent of room in dormitory per month Lunch at cafeteria Lunch at restaurant Bus Riga - Valmiera Local bus ticket in Valmiera Course literature per month Theatre ticket Cinema ticket Swimming pool - 40 minutes 1 litre of milk 1 loaf of bread Average student's expenses per month |
35,00 LVL 2,50 LVL 5,00 LVL 3,00 LVL 0,45 LVL 5,00 LVL 7,00 LVL 2,50 LVL 2,00 LVL 0,70 LVL 0,50 LVL 200,00 LVL |
49, 31 EUR 3,55 EUR 7,00 EUR 4,26 EUR 0,64 EUR 7,11 EUR 9,96 EUR 3,55 EUR 2,80 EUR 0,99 EUR 0,70 EUR 284,57 EUR |
Page updated: 13.01.2010