However, to successfully move from online gambling to forex trading is a bit harder. FACT 2: The most popular banknotes used in Latvia are: Ls5, Ls10, Ls20, Ls50, Ls100, Ls500. The lats is the official currency of the Republic of Latvia. Exchange rates of other currencies - dollar, pounds, krone, franc - to lat are changing depend on exchange course these currencies against euro. The rublis was valued at 1.5 Russian rubles, and the first lats was introduced at a rate of 1 lats: 50 rublis. The Latvian ruble was valued on par with the Soviet ruble until it was replaced in the lats in 1993 at a rate of 1 lats: 200 rubles. One data category is contained in one data cube for which a number of predefined tables are available. A wider range of data categories, descriptions of the data categories and the revision policy are published on Latvijas Banka's website section "Statistics". Latvia has experienced one of the highest growth rates in GDP of any European country since 2000. XE’s free live currency conversion chart for Latvian Lat to Euro allows you to pair exchange rate history for up to 10 years. It’s common for Latvian banks to charge an account opening fee for non-residents in the range of 100 to 250 euros. It is one of the most traded commodities on the financial markets today. The lats remained the currency of Latvia until the country was annexed by the Soviet Union in 1940, and the lats was replaced by the Soviet ruble. The Republic of Latvia was first established in 1918, and one of the first steps taken by the new country was to set up a banking and currency system. In 1990, when the breakup of the Soviet was seen as imminent, Latvia passed a resolution to create the new Republic of Latvia monetary system. It is of no doubt that many forex traders generated money when they tried their hand at online gambling. Contacts. Exchange rates .

Latvia became a member of the European Union in 2004, and the country is scheduled to adopt the euro in 2012. As of January 1st, 2015, the Lithuanian Lita has been replaced by the Euro. LVL to EUR currency chart. ... Rates are updated daily from the Federal Reserve Bank in New York City. ... with the right to perform remote identification of Latvian citizens for the purpose of opening an account with the bank. Replaced by the Euro on Jan 1, 2014. In most countries, opening a bank account includes fees. Statistics compiled by Latvijas Banka is available to users free of charge. Data available in the INTS are updated in accordance with the calendar that is published on Latvijas Banka's website. Goals The lats is subdivided into 100 santims. Statistical area "Balance of Payments (BOP), International Investment Position (IIP) and International Trade in Services (ITS)", Statistical area "Monetary Financial Institutions' (MFI) Balance Sheet Statistics ", Statistical area "Direct Investment (DI)", Statistical area "EUR Exchange Rate against LVL", Statistical area "International Reserves Template", Statistical area "Monetary Financial Institutions' (MFI) Interest Rate Statistics", Statistical area "Financial Accounts Statistics", Statistical area "Investment Fund (IFs and AIFs) Statistics", Statistical area "Other financial intermediaries', except insurance corporations and pension funds, (OFI) statistics", Statistical area "Foreign exchange transactions statistics", 01 Foreign exchange transactions by type, counterparty and currency, 0101 Foreign exchange transactions by type, 0102 Foreign exchange transactions by counterparty, 0103 Foreign exchange transactions by currency, 02 Non-cash foreign exchange transactions, 0201 Non-cash foreign exchange transactions, 03 Weighted average exchange rates of cash transactions, 0301 Weighted average exchange rates of cash transactions, Other financial intermediaries', except insurance corporations and pension funds, (OFI) statistics, 02 Aggregated balance sheet of leasing companies, 0201 Aggregated balance sheet of leasing companies, 01 Financial accounts by financial instrument and sector, 02 Financial instruments by sector and counterparty sector, 03 Debt securities in breakdown by holder and issuer sectors, Investment Fund (IFs and AIFs) Statistics, 0101 IF net assets (starting with data for 2015), 0102 IF monthly balance sheet (starting with data for 2015), Balance of Payments (BOP), International Investment Position (IIP) and International Trade in Services (ITS), Monetary Financial Institutions' (MFI) Balance Sheet Statistics, 01 MFI (excluding the Bank of Latvia) balance sheet (starting with data for December 2014), 0101 MFI (excluding the Bank of Latvia) balance sheet in breakdown by residency, sector, country group and currency, 0102 Time series of the main MFI balance-sheet indicators (except the Bank of Latvia), 0103 MFI (except the Bank of Latvia) balance sheet in breakdown by residency, 0104 MFI (except the Bank of Latvia) balance sheet in breakdown by currency, 02 Loans granted by MFIs (except the Bank of Latvia) (starting with data for December 2014), 0201 Loans to non-MFIs in breakdown by residency, sector, subsector and purpose, currency group and maturity, 0202 Loans granted to resident non-MFIs in breakdown by currency group, sector, subsector and purpose (time series), 0203 Loans to non-MFIs in breakdown by maturity and sector, 0204 Loans to non-MFIs in breakdown by residency, country groups, sector and currency, 0205 MFIs (excluding Latvijas Banka) claims on other MFIs in breakdown by residency and maturity, 0201 Loans granted by MFIs (except the Bank of Latvia) in euro in the breakdown by convenience and extended credit, revolving loans and overdraft (starting with data for June 2010), 0201 Loans granted by MFIs (except the Bank of Latvia) in euro in the breakdown by convenience and extended credit, revolving loans and overdraft, 0202 Loans granted by MFIs (except the Bank of Latvia) in euro in the breakdown by residual maturity and by interest rate reset period (starting with data for June 2010), Loans granted by MFIs (except the Bank of Latvia) in euro in the breakdown by residual maturity and by interest rate reset period, 03 Deposits raised by MFIs (except the Bank of Latvia) (starting with data for December 2014), 0301 Resident non-MFI deposits in breakdown by sector, subsector, currency group and maturity, 0302 Non-MFI deposits in breakdown by currency group, sector and subsector, 0303 Non-MFI deposits with agreed maturity in breakdown by sector, subsector and maturity, 0304 Non-MFI deposits redeemable at notice in breakdown by sector and subsector, and maturity, 0305 Non-MFI deposits in breakdown by sector and residency (time series), 0306 Resident non-MFI deposits in breakdown by sector and currency (time series), 04 Balance sheet of MFIs (except the Bank of Latvia) (data until December 2014), 0401 MFI (except the Bank of Latvia) balance sheet in breakdown by residency, sector and currency, 0402 Time series of the main MFI balance-sheet indicators (except the Bank of Latvia), 0403 MFI (except the Bank of Latvia) balance sheet in breakdown by residency, 0104 MFI (except the Bank of Latvia) balance sheet in currency breakdown, 05 Loans granted by MFIs (except the Bank of Latvia) (data until December 2014), 0501 Loans to resident non-MFIs in breakdown by sector, currency and maturity, 0502 Loans granted to non-MFIs in breakdown by currency and sector, 0503 Loans granted to non-MFIs in breakdown by maturity and sector, 0504 Loans granted to non-MFIs in breakdown by sector (time series), 0505 Loans granted to resident non-MFIs in breakdown by sector (time series), 06 Deposits received by MFIs (excluding the Bank of Latvia) (data until December 2014), 0601 Resident non-MFI deposits in breakdown by sector, currency and maturity, 0602 Non-MFI deposits in breakdown by currency and sector, 0603 Non-MFI deposits with agreed maturity in breakdown by sector, 0604 Non-MFI deposits redeemable at notice in breakdown by sector, 0605 Non-MFI deposits in breakdown by sector (time series), 0606 Resident non-MFI deposits in breakdown by sector (time series), Monetary Financial Institutions' (MFI) Interest Rate Statistics, 01 Weighted average interest rates charged by MFIs on loans in euro, 0101 Interest rates on loans to non-financial corporations and households (outstanding amounts), 0102 Interest rates on loans to households (new business), 0103 Interest rates on loans to non-financial corporations (new business), 0104 Interest rates on loans with original maturity of over 1 year to non-financial corporations (new business), 0105 Revolving loans and overdraft and payment card two-tier credit to non-financial corporations and households, 02 Weighted average interest rates on deposits received by MFIs in euro from non-financial corporations and households, 0201 Interest rates on deposits (new business), 0202 Interest rates on deposits (outstanding amounts), 03 Volumes of new business and renegotiated loans in euro in MFI transactions with non-financial corporations and households, 0301 Volumes of new business and renegotiated loans, 01 Analytical Accounts of the Central Bank, 0101 Analytical Accounts of the Central Bank (starting with data for 2011), 02 Analytical Accounts of the Banking Sector, 0201 Analytical Accounts of the Banking Sector (starting with data for 2011), 01 International reserves template sections, I Official reserve assets and other foreign currency assets, II Predetermined short-term net drains on foreign currency assets, III Contingent short-term net drains on foreign currency assets, 01 DI data by country tables (closing position), 02 DI data by kind of activity tables (closing position), 04 DI quarterly/ annual data tables (transactions), 0102 Monthly exchange rate (end-of-period, average), 0103 Quarterly exchange rate (end-of-period, average), 0104 Annual exchange rate (end-of-period, average).