Currency exchange in Vilnius specialise in offering money exchange services to travellers as well as others looking to exchange currency in Lithuania. Reputed exchange offices are recognised by the Bank of Lithuania and offer a range of services. The primary service offered by money exchange providers is currency exchange, which means converting one currency into another. However, they usually offer a myriad of other services, varying from one to another provider. Let’s discuss more in detail about services offered by local currency exchange offices
Buying and selling foreign currency
The primary function of an exchange office is to change one currency into another. For instance, if you are visiting Lithuania from the US, you can get your dollars exchanged for Euros as you will need a sufficient amount of Euros to travel and shop around Lithuania.
Exchange of Foreign Coins / Small Denominations / Less Common Notes
Some exchange offices also provide currency exchange in Vilnius for small denominations such as foreign counts. They may also deal in less commonly exchanged foreign notes as well as currencies that many banks may refuse or
Bulk Coins
If you have large numbers of coins, some cash offices are equipped to assist. For example, the Bank of Lithuania has coin‑counting machines and rules for exchanging bigger volumes of coins (with some conditions).
Damaged or Worn Currency exchange
In certain official offices (e.g. Bank of Lithuania) there are services for expert examination of damaged banknotes / coins and possibly replacement or exchange.
Denomination Conversion / Splitting / Aggregation
Sometimes you may want smaller denominations of a currency (e.g. smaller notes), or convert coins to banknotes, or vice versa. Many offices facilitate changing euro banknotes into smaller or larger denominations.
Reservation / Special Orders
Some currency exchanges allow you to reserve a particular currency or amount ahead of time, so that when you arrive the cash is ready. Also, if you need a specific less common currency note, or a higher amount, you can sometimes arrange in advance.
24/7 Extended Hours at Key Locations
Places like airports often have currency exchange desks / services that work long hours, or even around the clock for certain services (or at least very early to late
How to choose currency exchange in Lithuania?
With so many options available for currency exchanges in Lithuania, it can be overwhelming to choose the best options. However, you may consider the following tips when looking for currency exchange options in Lithuania
- Look for exchange offices located in the prominent areas in the cities such as shopping malls, trade centers etc.
- Whether you are staying at a hotel or at a friend’s home, it is good to ask locals to recommend money exchange offices in Lithuania.
- With the emergence of the internet, it is nowadays easy to read about reviews and recommendations of money exchange offices in Lithuania. By looking at google reviews and ratings, you can get ideas about the quality of services offered
- Make sure you know the currency exchange rate and compare rates offered by at least two to three providers.
- Always make a call, prepare all your questions and ask your chosen currency exchange provider. Consider if they answer all your queries patiently.
- When evaluating the cost of currency exchange, make sure to consider the total cost including fee and commission charged by few providers for money exchange services. Make sure you know how much you need to pay in total, so you don’t end up paying more in terms of hidden charges
