In Latvia, 1 euro is currently 1 euro, as it is the official currency of the country.
Latvia officially adopted the Euro on January 1, 2014, replacing its former national currency, the Latvian Lats (LVL). Consequently, all transactions and prices within Latvia are denominated in euros.
The Official Euro Adoption Rate
Prior to the adoption of the euro, Latvia's currency, the Latvian Lats, had a fixed and irrevocable conversion rate established for its entry into the Eurozone. The official rate was set at 1 Euro = 0.702804 Latvian Lats (LVL). This rate served as the basis for all currency exchanges during the transition period, ensuring a smooth conversion process for individuals and businesses.
Referenced Historical Conversion Data
While the Latvian Lats is no longer in circulation, some financial references may provide historical or theoretical exchange rate information for Euro to Latvian Lats. For example, specific reference data from November 2023 reported the following exchange rates for 1 Euro to the Latvian Lats:
| Date | 1 EUR to LVL Exchange Rate |
|---|---|
| Nov 20, 2023 | 0.66 |
| Nov 21, 2023 | 0.659 |
| Nov 22, 2023 | 0.66 |
| Nov 23, 2023 | 0.662 |
This data represents specific reported values for the Euro against the former Latvian Lats, as found in certain financial records from that period.
