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    Currency in France – Euro EUR

    A practical foreign exchange and currency guide to France

    What currency is used in France?

    The official currency of France is the euro, with symbol and currency code EUR.

    Things to know about the euro


    The euro (ISO: EUR) is involved in slightly more than 30% of all foreign exchange deals, and as such, is the world’s second most traded currency, behind the US dollar.

    The euro is the currency of the eurozone (officially called the ‘euro area’), which consists of 19 of the 28 member states of the European Union, and is used by almost 350 million Europeans. It was introduced in January 1999.

    Of all the thousands of exchange rates that exist in the world, the euro-to-US dollar exchange rate is the most actively traded, or most ‘liquid’.

    Since its introduction, the euro’s lowest value against the dollar came in October 2000 when EUR/USD hit lows of 0.8231. The currency was strongest in July 2008, shortly before the worst stage of the 2007-2009 financial crisis, when EUR/USD reached 1.6038.

    There are currently more than twenty nations and territories which peg their currencies to the euro, the largest of which is Denmark.

     

    What the euro looks like?

     

     

     

    Euro – Markets & Rates

    1 EUR = 1.0561 USD
    Sell EUR  →  Buy USD
    EUR to USD at 1.0558 is 2.8% below its 90-day average 1.0864 with range 1.0381-1.1325.
    |
      1 USD = 0.9469 EUR
     
    4-DAY+1.5%
    14-DAYHIGH

    Euro - Trend & Outlook

    As the tragic Ukraine war continues USD/EUR is near 0.95, a 5 year high.

    Due to the Eurozone’s reliance on gas from Russia, the euro is very vulnerable to the events in Ukraine with EUR/USD dropping to around 1.06 by the end of April whereas it had been approaching 1.15 in early February.

     USD-EUR Forecasts


    At the start of the tragic Russian invasion of Ukraine the euro sank to parity against the safe-haven Swiss franc hitting 0.9985 francs per euro on March 7th, the lowest since January 2015.

    By the end of April the euro fell to a 5-Year low around 1.05 against the US dollar and the short term news for the single currency is all negative. Global bans against Russian oil and gas and uncertainty over ECB interest rate plans have prompted predictions in the currency markets for parity for the euro against the greenback this year.

     EUR Outlook

    DateEUR/USDChangePeriod
    05 May 2022
    1.0540
    0.4% 2 Week
    18 Feb 2022
    1.1322
    6.5% 3 Month
    19 May 2021
    1.2171
    13% 1 Year
    20 May 2017
    1.1208
    5.5% 5 Year
    21 May 2012
    1.2788
    17.2% 10 Year
    24 May 2002
    0.9210
    14.9% 20 Year
    EUR/USD change over periods to 19-May-2022

     

    Compare Euro Exchange Rates & Fees

    The below comparison table makes it easy to find the best exchange rates and lowest fees when you want to make a Transfer or Spend Euro.

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    Travelling to France

    France is beautiful, has great food, delicious wine, deep history, and a carefree atmosphere. There’s nothing like a picnic along the Seine or a day through the French countryside to make life seem beautiful. France is everything that people make it out to be and then some. France can be expensive to travel in, and eating out is not cheap. Buying your own food in France can be very cheap however. There are many bread, cheese, and meat shops around. There are outdoor markets that are cheap, and fun, to visit. It’s common to pick up some ingredients and have a picnic.

    The best way to get around France is via the trains. Overnight trains cost the least, while the fast TGV lines (high-speed train) cost the most, about 90 EUR. Local transit systems are reliable and cost between 1-3 EUR per trip. Transportation to and from airport into city centers is generally affordable and user friendly. Expect about 12 EURO to get into Paris from Charles de Gaulle. However, there are several ways to get into the city, the last choice we would advise is on the RER train. The RER is great for Parisians who know their way around or experienced repeat travelers, but not at all great for arriving tourists from overnight flights. Tired and disoriented tourists are easy targets for baggage theft and pickpockets on that line. If you take it, always keep an eye on luggage at every stop all the way into the city.Taxis will be tough on the budget, so avoid when you can.

    The French Alps offer some of the best ski slopes in Europe. If you’re in Europe in the winter months and at a loss for what to do, consider getting a group together and renting a ski chalet, or staying at one of the slope-side hotels or hostels.

    France has some of the best Roman ruins outside of Italy. Orange, Nimes and Arles all have beautiful Roman theaters, and Nimes also contains a well-preserved temple.

     

    The Euro is also the domestic currency in 32 other countries.

     

    Aaland Islands

     

     

    Andorra

     

     

    Austria

     

     

    Belgium

     

     

    Cyprus

     

     

    Estonia

     

     

    Eurozone

     

     

    Finland

     

     

    French Guinea

     

     

    French Southern Territories

     

     

    Germany

     

     

    Greece

     

     

    Guadeloupe

     

     

    Ireland

     

     

    Italy

     

     

    Luxembourg

     

     

    Malta

     

     

    Martinique

     

     

    Mayotte

     

     

    Monaco

     

     

    Montenegro

     

     

    Netherlands

     

     

    Portugal

     

     

    Reunion

     

     

    Saint Barthelemy

     

     

    Saint Martin

     

     

    Saint Pierre and Miquelon

     

     

    San Marino

     

     

    Slovakia

     

     

    Slovenia

     

     

    Spain

     

     

    Vatican City

     

     

     

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