Currency in Guadeloupe EUR - Things to know
Foreign exchange guide to Guadeloupe and the Euro
What's in this Guadeloupe currency guide?
What currency is used in Guadeloupe?
The official currency of Guadeloupe (country code: GP) 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.
The euro banknotes and coins
The Euro is issued in banknotes of €5, €10, €20, €50, €100, €200, and €500, and in coins of 1 cent, 2 cents, 5 cents, 10 cents, 20 cents, 50 cents, €1, and €2.
The banknotes feature images of historical and cultural figures from across the European Union, while the coins depict each member country's unique design. The design of the Euro banknotes and coins is intended to be easily identifiable and difficult to counterfeit.
Travel money for Guadeloupe
Save money and time by Ordering your Euro online from Travelex, you get better rates and can pick up the EUR cash locally or even on travel day at the airport.
Another popular option is to use a Pre-paid Travel Card. Your Debit/Credit Card provider will charge you 2% from market mid-rate, but your bank may also charge an extra 3% as an “Overseas Transaction Charge” plus “Overseas ATM” fees for withdrawing cash.
For card purchases if offered a choice of currencies always select to Pay in Euro otherwise you may get much worst exchange rates.
Travel Ideas and Money Tips for Guadeloupe
Guadeloupe is an overseas department and region of France located in the Caribbean Sea. It is an archipelago of islands, including the main islands of Grande-Terre and Basse-Terre, as well as the smaller islands of Marie-Galante, La Désirade, and Les Saintes.
Tourism is an important industry in Guadeloupe, with visitors coming to enjoy the warm weather, beautiful beaches, and diverse culture. Visitors can explore the island's natural beauty by visiting its national parks, such as La Soufrière, which is an active volcano and the highest peak in the Lesser Antilles.
Guadeloupe's rich culture is a mix of French, African, and indigenous influences and is reflected in its food, music, and festivals. Visitors can experience the local music, dance, and art, and can also learn about the country's history and traditional way of life.
The islands have a tropical climate, and it's a perfect destination for beach lovers and water sports enthusiasts. It offers a wide range of activities such as scuba diving, snorkeling, kayaking, and windsurfing.
Guadeloupe is also a popular destination for cruises and offers a good infrastructure for tourists, including airports, hotels, and transportation. The official language is French and the currency is the Euro.
Overall, Guadeloupe is a unique destination that offers visitors the opportunity to experience a blend of French, African and indigenous cultures, beautiful beaches, and natural beauty.
EUR/USD Market Data
The below interactive chart displays the EUR/USD trend and UP▲ DOWN▼ HIGH▲ LOW▼ alerts
Frequently Asked Questions
What currency should I use in Guadeloupe?
The domestic currency in Guadeloupe is the Euro.
What is the Euro currency code and symbol?
The three letter currency code for the Euro is EUR — symbol is €.
Which countries use the Euro?
It is the domestic currency in Eurozone, Aaland Islands, Andorra, Austria, Belgium, Croatia, Cyprus, Estonia, Finland, France, French Guinea, French Southern Territories, Germany, Greece, Guadeloupe, Vatican City, Ireland, Italy, Luxembourg, Malta, Martinique, Mayotte, Monaco, Montenegro, Netherlands, Portugal, Reunion, Saint Barthelemy, Saint Martin, Saint Pierre and Miquelon, San Marino, Slovakia, Slovenia and Spain.
Is the Euro a closed currency?
No, the Euro is freely available and convertible. See guide: What is a closed currency?
What are equivalent amounts of USD and EUR?
Converted at USD/EUR interbank rate, compare Send Money and Currency Exchange exchange rates.
Send Money to Guadeloupe - Best Rates
To get a good (and fair) exchange rate when sending money to Guadeloupe you need to find and compare exchange rates for International Money Transfers (IMTs).
The available FX rates for sending money abroad can be very different to the mid-market (wholesale) rate which you see reported online and in the News.
You should especially compare your own bank's exchange rates to those available from Money Transfer specialists to see how much you can save - we make that calculation easy in the below table.
Get a better deal for foreign transfers to Guadeloupe
When sending money to Guadeloupe it’s important to compare your bank’s rates & fees with those we have negotiated with our partner money transfer providers. To get a better deal you should follow these 4 simple steps :
- Open an account with a BER reviewed FX provider (id docs may be required)
- You specify the local or Euro amount you want to transfer
- Make a local currency domestic transfer for the requested amount to the provider's bank account in your country
- Once your funds are received by the provider the converted EUR amount will be transfered to the recipient account you specify in Guadeloupe.
Use the above calculator to compare the exchange rates of FX specialist providers rates versus your bank's standard rates you can hopefully save around 5% and maybe more - end result is more Euro deposited into the recipient bank account and less margins and fees kept by the banks!
Expat Money & Business Guide to Guadeloupe
Managing your money effectively while living and working abroad can be challenging, but there are several steps you can take to ensure that your finances are in order.
By following these tips and managing your money effectively, you can reduce financial stress and enjoy your experience living or doing business in Guadeloupe.
Guadeloupe for businesses
Guadeloupe is an overseas department and region of France, and as such, it is subject to the same laws and regulations as mainland France. This can be beneficial for businesses, as it provides a stable and predictable legal and regulatory environment.
The economy of Guadeloupe is primarily driven by tourism, agriculture, and services. The tourism industry is well-developed, with a good infrastructure, and a variety of accommodation options, which can make it an attractive destination for businesses in the tourism sector.
Agriculture is also an important sector in Guadeloupe, particularly the production of sugarcane, bananas, and other tropical fruits. There are opportunities for businesses to invest in this sector, particularly in the areas of food processing, packaging, and export.
The service sector is also well-developed in Guadeloupe, particularly in the areas of retail, financial services, and real estate.
However, it's worth noting that the cost of living in Guadeloupe is relatively high compared to other Caribbean islands, and this can make it difficult for businesses to compete with foreign imports. Additionally, the island's small size and limited domestic market can also limit the potential for growth in certain sectors.
It's important for businesses to conduct thorough research and seek professional advice before starting a business in Guadeloupe, also to be familiar with the laws and regulations of France.
Managing your finances in Guadeloupe
Here we list some key points for expats and businesses to consider when managing financial dealings in Guadeloupe:
Understand Euro currency exchange rates: Exchange rates can have a big impact on your finances, so it is important to keep an eye on the EUR exchange rate and consider using a currency exchange service or a credit card that does not charge foreign transaction fees to get the best exchange rate.
Use a local Euro bank account: A local EUR bank account can make it easier for you to manage your finances and pay bills while you are in Guadeloupe. It may also be more convenient to use a local EUR bank account to make purchases and withdraw cash.
Research local laws and regulations: It is important to understand the local laws and regulations that apply to financial transactions in Guadeloupe. This can help you avoid legal issues and ensure that you are complying with local requirements.
Consider the tax implications: It is important to understand the tax implications of living or doing business in Guadeloupe. This can help you plan your finances and ensure that you are paying the correct amount of tax.
Seek financial advice: If you are unsure of how to manage your finances in Guadeloupe, it is a good idea to seek the advice of a financial professional who is familiar with the local financial system. This can help you make informed decisions and avoid financial pitfalls.
