Currency in the French Southern Territories – Euro EUR
A practical foreign exchange and currency guide to the French Southern Territories
What's in this French Southern Territories currency guide:
What currency is used in the French Southern Territories?
The official currency of the French Southern Territories 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
Major banks are forecasting the eurozone common currency to fall again to the $US0.95 level by the end of the year.
This multi-year low for the euro vs the US dollar looks only to worsen as winter approaches; the short term news for the single currency is all negative.
| Date | EUR/USD | Change | Period |
|---|---|---|---|
14 Nov 2022 | 1.0320 | 0.2% ▲ | 2 Week |
30 Aug 2022 | 1.0024 | 3.2% ▲ | 3 Month |
28 Nov 2021 | 1.1293 | 8.4% ▼ | 1 Year |
29 Nov 2017 | 1.1852 | 12.7% ▼ | 5 Year |
30 Nov 2012 | 1.3002 | 20.5% ▼ | 10 Year |
03 Dec 2002 | 0.9962 | 3.8% ▲ | 20 Year |
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 the French Southern Territories
The French Southern and Antarctic Lands (French: Terres australes et antarctiques françaises, TAAF) is an overseas territory (French: Territoire d’outre-mer or TOM) of France. It consists of: Kerguelen Islands (Archipel des Kerguelen), a group of volcanic islands in the southern Indian Ocean, southeast of Africa, approximately equidistant between Africa, Antarctica and Australia; St. Paul and Amsterdam islands (Îles Saint Paul et Amsterdam), a group to the north of Kerguelen; Crozet Islands (Îles Crozet), a group in the southern Indian Ocean, south of Madagascar; Adélie Land (Terre Adélie), the French claim on the continent of Antarctica; the Scattered Islands (Îles Éparses), a dispersed group of islands around the coast of Madagascar. The territory is sometimes referred to as the French Southern Lands (French: Terres australes françaises) or French Southern Territories, usually to emphasize non-recognition of French sovereignty over Adélie Land as part of the Antarctic Treaty system.
The territory has no permanent civilian population. Those resident consist of visiting military personnel, officials, scientific researchers and support staff.
The Euro is also the domestic currency in 32 other countries.
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