LVL · LVL
Latvian Lats (LVL)
The Latvian Lats (LVL) was the national currency of Latvia from 1993 until its replacement by the euro in 2014. This page provides a factual overview of its history, design, and legacy.
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LVL · Latvian Lats
Latvian Lats (LVL): Overview and History
The Latvian Lats (LVL) served as the official currency of Latvia from 1993 to 2014, when the country adopted the euro. Introduced after Latvia regained independence, the lats replaced the temporary Latvian ruble and was pegged to the IMF's Special Drawing Rights (SDR) until 2005, then to the euro. The currency was known for its distinctive design, featuring Latvian cultural motifs and historical figures.
During its circulation, the lats was subdivided into 100 santīmi. Banknotes were issued in denominations of 5, 10, 20, 50, 100, and 500 lats, while coins ranged from 1 santīms to 2 lats. The Bank of Latvia managed the currency, maintaining a stable exchange rate as part of the country's path toward euro adoption.
Today, the lats is no longer legal tender, but it remains a symbol of Latvia's post-Soviet economic transition. Collectors and historians often study the lats for its role in the country's integration into the European Union and the eurozone. This page offers a factual overview without current exchange rates or investment guidance.
- Code
- LVL
- Symbol
- LVL
- Current rate
- USD / LVL
Currency information
Last updated · 8/7/2026
Introduced in 1993, replacing the Latvian ruble.
- Official name
- Latvian lats
- Legal tender status
- Withdrawn
- Decimal places
- 2
- Minor unit
- santīms · 1 LVL = 100 santīms
- Countries
- Latvia
- Issuing authority
- Bank of Latvia
- Central bank
- Bank of Latvia · Official website
- Exchange-rate regime
- Fixed to the euro at 0.702804 LVL per EUR from 2005 until adoption of the euro in 2014.
Common banknotes
5 lats · 10 lats · 20 lats · 50 lats · 100 lats · 500 lats
Common coins
1 santīms · 2 santīmi · 5 santīmi · 10 santīmu · 20 santīmu · 50 santīmu · 1 lats · 2 lati
Also known as
Latvian lats · LVL · Ls
Practical notes
- The lats was replaced by the euro on January 1, 2014.
- Banknotes and coins can be exchanged at the Bank of Latvia without time limit.
Priority currency pairs
The most useful conversions for this currency.
Latvian Lats questions
What is the LVL exchange rate?
The displayed rate is the latest available reference rate for USD/LVL. It can change throughout the day.
How can I convert LVL online?
Use the converter above to calculate indicative amounts between LVL and the other supported currencies.