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    Currency in the French Southern Territories – Euro EUR

    A practical foreign exchange and currency guide on sending money and travel to the French Southern Territories

     

     

    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.

    Sending Money to the French Southern Territories

    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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    Euro – Markets & Rates

    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.

     

    1 EUR = 1.1298 USD
    Sell EUR  →  Buy USD
    EUR to USD at 1.1297 has fallen 2.4% below its 90-day average, range 1.1200-1.1883.
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      1 USD = 0.8851 EUR
     
    1-DAY+0.6%1d
    14-DAYHIGH2d

    Euro Forecast and Trend

    In September, Olaf Scholz’s Social Democrat Party narrowly won the German election. The longer negotiations and political uncertainty drag on, the greater downward pressure will be felt by the euro.

    In addition should risk sentiment remain fragile, there could be continued demand for USD as a safe haven. Therefore, USD/EUR could gain higher.

    USD-EUR Outlook

    Historic EUR-USD Rates

    EUR/USD wasChangePeriod
    1.1368
    18 Nov 2021
    0.6% 2 Weeks
    1.1879
    03 Sep 2021
    4.9% 90 Days
    1.2114
    02 Dec 2020
    6.7% 1 Year
    1.0667
    03 Dec 2016
    5.9% 5 Years
    1.3425
    05 Dec 2011
    15.8% 10 Years
    0.8901
    07 Dec 2001
    27% 20 Years
    EUR/USD change over periods to 02-Dec-2021

     

    EUR is also used in 32 other countries

     

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