Austria Currency Converter - Currency Exchange Rate. What is the unit of money in Austria? Find time: Currency in Austria: Euro (EUR). Exchange rate to. Austria has pursued moderate, stable, long-term fiscal and monetary policies. In , Austria adopted the euro, the common currency of the European Union. The Schilling (German: Österreichischer Schilling) was the currency of Austria from to Although the Euro became the official currency of Austria in , euro coins and notes were not introduced until Old Schilling denominated Rarely used : 1, 2 & 5 Groschen, 20 & 50 Schilli.