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Estonia and the euro

03 February 2008
by eub2 -- last modified 03 February 2008

Estonia joined the European Union in 2004 and is currently preparing to adopt the euro.


Estonia at a glance

Surface area: 45 230 km2
Population: 1 342 409 (Eurostat 2007)
Joined the European Union: 1 May 2004
Currency: kroon (EEK)

Euro information

Status: Estonia is not yet a member of the euro area. The kroon joined the Exchange Rate Mechanism (ERM II) on 28 June 2004, and observes a central rate of 15.6466 to the euro with standard fluctuation margins of ±15%.

Exchange rate: The current euro to kroon foreign exchange reference rate can be consulted on the website of the European Central Bank (updated daily). Adoption of the euro: Estonia does not have a target date to adopt the euro, but aims to do so as soon as possible.

Euroinfo line: 800 3330

Documents and publications

Practical preparations

EU official documents


Opinion polls and surveys:


Euro portals




Source: European Commission