Today, 1.00 (one) Euro is worth 5.18 Ghana Cedi, ie, €1.00 = GH₵5.18. That's because the current exchange rate, used to convert to Ghana Cedi, is 5.18. So, to make Euro to Ghana Cedi conversion, you just need to multiply the amount in EUR by 5.18, the currency rate today.
Learn how to get the best European exchange rate before exchanging your money
The Euro is the official European currency. EUR/GHS represents the value of European money in Ghanaian money and it is called the 'exchange rate' or 'forex rate'. This exchange rate from Euro to Ghana Cedi is today at 5.176.
As an example, suppose you are from Accra Ghana and you travel to Paris European Union. There, you need to get 1000 Euros (€) at a Paris bank to pay your hotel. In this case you would pay 5.176 * 1000 = 5176 Ghana Cedis (GH₵). But, in practice, you will pay more (or perhaps much more) to get the same amount of your foreign currency due to the margin for the money conversion services costs like: commissions, credit card surcharges, ATM fees and other expenses. If, for example, you are using a credit card, this margin will typically be around 2 to 3 percent. We recommend that you choose the best place to make your money exchange because there can be a large difference between forex rates you will get..
In the example above for a 1000 Euros amount, the result of the money conversion is 5279.52 GHS for a 2% margin or 5331.28 GHS for a 3% margin.
Some Internet based foreign currency exchange agencies add 10 percent or even more. So, if you make the same calculations above, there will be a difference of about 517.6 GHS depending on which forex bank or agency you choose to exchange your money. So, that's why we advise you to seek the best place to get the best fx rates for your upcoming money transfer/exchange. The only way to know what is the best exchange rate is to know what the current rate is. You can easily accomplish this by using periodically our currency converter above to get an idea of what forex rate to expect.
Note: If you use our currency converter, you only need to choose the amount of margin in its drop-down list and have an estimate of how much you will pay to get the desired amount.
By the way: there are some notations for this currency pair like EUR-GHS or EURGHS among others. The currency symbol for Euro is (€) while the currency symbol for Ghana Cedi is (GH₵). The Ghana country code is GHA or GH