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Martinique - Euro - Currency Guide

 

Foreign exchange guide to Martinique and the Euro (EUR)

   

General Currency Info - 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.

   

EUR News, Forecasts and Trends

EUR will fall to 0.80 against the British pound according to Standard Bank. The coronavirus pandemic has replaced Brexit in the headlines and means that the deadline for a trade deal with the Eurozone this year could either be pushed back, delaying a risk for the currency, or see more favorable terms given to the U.K.

Rabobank told Bloomberg TV in early April that they see the Euro holding its value in an otherwise difficult virus affected year for most currencies.

The Euro spent 2019 on a downwards trajectory, starting the year with highs at US1.1550 but then slid all year until October where it bottomed out at US$1.09 on Oct 1, close to long-term lows. Since then it has climbed back up towards the average rate for the year of US1.12, perhaps due to the less uncertainty around Brexit.

For more EUR currency market forecasts you can read the full article Euro Forecasts. The below interactive chart shows the USD to EUR exchange rate, trend and recent alerts for the last 90 days.

   
Recent USD to EUR 90-day trend
 
1-DAY0.7% (2d)30-DAY-LO (3d)
USD/EUR at 0.9182 was trading near AVG:0.9151 with LO:0.8739 and HI:0.9381 (90 days). There are no current rate alerts.

US Dollar to Euro - Historical Rates

USD/EURPeriod to 22-MayDateRate
0.7% ▼1 Week15 May 20200.9241
0.9% ▼30 Days22 Apr 20200.9253
0.5% ▼90 Days22 Feb 20200.9219
2.6% ▲1 Year23 May 20190.8941
0.9% ▲5 Years24 May 20150.9091
12.9% ▲10 Years25 May 20100.8128
USD/EUR 10 year historic rates & changes to 22-May-2020 (0.9174)

US Dollar to Euro - Quick Conversions

USD EUR
U$ 1 0.9182
U$ 5 4.5910
U$ 10 9.1820
U$ 20 18.36
U$ 50 45.91
U$ 100 91.82
U$ 250 229.55
U$ 500 459.10
U$ 1,000 918.20
U$ 2,000 1,836
U$ 5,000 4,591
U$ 10,000 9,182
U$ 50,000 45,910
U$ 100,000 91,820
More amounts
USD EUR
U$ 1.0891 € 1
U$ 5.4455 € 5
U$ 10.89 € 10
U$ 21.78 € 20
U$ 54.46 € 50
U$ 108.91 € 100
U$ 272.28 € 250
U$ 544.55 € 500
U$ 1,089 € 1,000
U$ 2,178 € 2,000
U$ 5,446 € 5,000
U$ 10,891 € 10,000
U$ 54,455 € 50,000
U$ 108,910 € 100,000
More amounts

Frequently Asked Questions

 

What currency should I use in Martinique?

The domestic currency in Martinique 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,   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 Barthélemy,   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?

 

Travel, Currency and Money saving tips for Martinique

Volcanic in origin, Martinique is a mountainous stunner crowned by the still-smoldering Mont Pelée, the volcano that wiped out the former capital of St-Pierre in 1902. Offering a striking diversity of landscapes and atmospheres, Martinique is a cosmopolitan and sophisticated island that boasts stunning beaches, superb hiking, top-notch culinary experiences, an enormous array of activities and rich cultural life.

While it suffers from overcrowding and urban sprawl in some places, particularly in and around the busy capital, Fort-de-France, life, and travel, becomes more sedate as one heads north or south through some of the island's alluring scenery. The rainforested, mountainous northern part is the most spectacular, but the south has its fair share of natural wonders, including lovely bays and miles of gorgeous beaches.

Martinique is crowned by an impressive volcano.

What currency to use in Martinique?

In Martinique, Euros are the only really usable currency. You will find U.S. Dollars and UK Pounds tend to be quite difficult to convert to Euros. Locals will tell you to go back to the airport, to use the exchange office there. Your best bet, is to use an ATM machine, there are many and are easy to find.Bank-operated 24-hour ATMs can also be found throughout the island. Don't bother trying to convert your money at a bank, unless you are in Fort de France. Bank hours vary, though Fort-de-France banks are generally open 7:30 a.m. to noon and 2:30 to 4:30 p.m. weekdays.

How to get around in Martinique?

If you would like to do some island hopping as part of your trip, it is easy to get to and from Martinique by ferry service. The ferries travel to Guadeloupe, Dominica and St. Lucia.

Renting a car in Martinique is hassle-free: all you need is a drivers’ license from your home country and the knowledge that traffic moves on the right, Taxis are another option if you plan on driving only minimally; they are expensive but reliable. Cabs line up at the airport and at hotels, as well as on the streets of the capital city Fort-de-France. Finally, there is water travel. Ferries run around the island between Fort-de-France and other coastal cities. Even if you do have a car, taking a ferry is a popular way to experience the Caribbean, and can be a destination in itself. A regular vedette (ferry) between Martinique’s main resort areas and Fort-de-France provides a nice alternative to dealing with heavy bus and car traffic; it also allows you to avoid the hassles of city parking and is quicker.

Travel tips for Martinique.

The former capital of Martinique, St. Pierre , was known as the Paris of the Antilles. Even though St. Pierre was destroyed in the 1902 eruption of Mount Pelee , Martinique reputation as a second France still remains. French is the official language of the island, and newspapers and literature of Martinique are usually in French.

Stunning beaches border tropical rainforests and towering cathedrals share skyline with an imposing volcano. Tourists and residents crowd the store-lined streets and restaurant-filled back alleys of Fort-de-France, while a few miles north, foliage dampens the sounds of bird tweets and hikers. In a word: Martinique. If you want to hit the beach one day then get the adrenaline pumping the next, you'll find that this island offers both – and does both well.

Avoid the winter Martinique is virtually empty for seven months of the year. Although May or June are the best months to visit, the spring, summer and fall all offer much lower hotel rates and airfare than wintertime.

 

Travel money for Martinique

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.

 
 

USD to EUR - Travel Money & Cards

Provider Amount EUR(€) Exchange RateFee USDDeal Links
Travelex Online logo
834.20
0%
Best Overall
0.83420^
U.S. Bank Foreign Cash
U.S. Bank logo
859.60
0%
€25 more
0.85960
Wells Fargo Bank logo
842.41
0%
€8.21 more
0.8596U$20
909.13
0%
€75 more
0.9137U$5.00
Banks - Average Rate
U.S. Bank logo Wells Fargo Bank logo
851.01
0%
€17 more
0.859615
 
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Travelex Online: Travel Money USD→EUR
From Amount (USD)U$1,000
Fee:$0 - No fees for Debit & Credit Cards
Exchange Rate:0.8342 (-9.16% from mid-rate)
To Amount (EUR)834.20
Total Cost:0%
Time:
Rate Fetched: Mon May 25 2020 04:15:03 GMT+0000 (UTC)
Currency Services:FREE Home delivery & Branch pickup
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
 
U.S. Bank logo
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U.S. Bank: Travel Money USD→EUR
From Amount (USD)U$1,000
Fee:0
Exchange Rate:0.8596 (-6.39% from mid-rate)
To Amount (EUR)859.60
Total Cost:0%
Time:4:29 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 
Wells Fargo Bank logo
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Wells Fargo Bank: Travel Money USD→EUR
From Amount (USD)U$1,000
Fee:U$20 USD (Minimum fee)
Exchange Rate:0.8596 (-6.39% from mid-rate)
To Amount (EUR)842.41
Total Cost:0%
Time:4:29 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 
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TransferWise: Travel Money USD→EUR
From Amount (USD)U$1,000
Fee:U$5.00 USD (0.5% + U$1)
Exchange Rate:0.9137 (-0.5% from mid-rate)
To Amount (EUR)909.13
Total Cost:0%
Time:4:29 Local
Currency Services:Multi-currency debit card with linked foreign bank accounts
Delivery/Collect:5-7 days
Rating:
 
: 4.6/5.0
Reviews:
 
Banks - Average Rate
loading
Travel Money USD→EUR
From Amount (USD)U$1,000
Fee:15
Exchange Rate:0.8035 (-12.5% from mid-rate)
To Amount (EUR)851.01
Total Cost:0%
Currency Services:Branch
Delivery/Collect:-
 
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Snapshot 05/25/2020 - View live rates

Sending money to Martinique

When searching around for information on how to get a good exchange rate when sending money to Martinique you need to start with finding out the latest Euro foreign-transfer exchange rate.

Then compare your bank's exchange rates to several licensed FX providers exchange rate and fees to see how much you can save (we make that calculation easy here).


Get a better deal for foreign transfers to Martinique

When sending money to Martinique 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 :

  1. Open an account with a BER reviewed FX provider (id docs may be required)
  2. You specify the local or Euro amount you want to transfer
  3. Make a local currency domestic transfer for the requested amount to the provider's bank account in your country
  4. Once your funds are received by the provider the converted EUR amount will be transfered to the recipient account you specify in Martinique.

Use our Send to Euro 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!

 

USD to EUR International Money Transfers

Foreign Transfer Provider Receive EUR(€) Exchange RateFee USDDeal Links
XE logo
904.50
0%
Best Overall
0.90450
OFX logo
911.00
0%
€6.5 more
0.9110^
U.S. Bank International Money Transfers
U.S. Bank logo
881.00
0%
€23 less
0.8810
Bank of America International Money Transfers
Bank of America logo
867.79
0%
€37 less
0.881U$15
HSBC logo
883.27
0%
€21 less
0.8846U$1.50
Wells Fargo Bank logo
867.79
0%
€37 less
0.8855U$20
Banks - Average Rate
U.S. Bank logo Bank of America logo HSBC logo Wells Fargo Bank logo
874.96
0%
€30 less
0.883015
 
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XE: Foreign Transfer USD→EUR
From Amount (USD)U$1,000
Fee:
Exchange Rate:0.9045 (1.5% from mid-rate)
To Amount (EUR)904.50
Total Cost:0%
Time:4:29 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 3.5/5.0
Reviews:
 
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OFX: Foreign Transfer USD→EUR
From Amount (USD)U$1,000
Fee:0^ - No fees for BestExchangeRates users (normally $12 for smaller transfers)
Exchange Rate:0.9110 (0.79% from mid-rate)
To Amount (EUR)911.00
Total Cost:0%
Difference:
€6.5 EUR more than using XE
Time:
Rate Fetched: 4:29 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 
U.S. Bank logo
loading
U.S. Bank: Foreign Transfer USD→EUR
From Amount (USD)U$1,000
Fee:0
Exchange Rate:0.8810 (4.06% from mid-rate)
To Amount (EUR)881.00
Total Cost:0%
Difference:
€23 EUR less than using XE
Time:4:29 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Bank of America logo
loading
Bank of America: Foreign Transfer USD→EUR
From Amount (USD)U$1,000
Fee:U$15 USD (Minimum fee)
Exchange Rate:0.8810 (4.06% from mid-rate)
To Amount (EUR)867.79
Total Cost:0%
Difference:
€37 EUR less than using XE
Time:4:29 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
HSBC logo
loading
HSBC: Foreign Transfer USD→EUR
From Amount (USD)U$1,000
Fee:U$1.50 USD (.15%)
Exchange Rate:0.8846 (3.67% from mid-rate)
To Amount (EUR)883.27
Total Cost:0%
Difference:
€21 EUR less than using XE
Time:4:29 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Wells Fargo Bank logo
loading
Wells Fargo Bank: Foreign Transfer USD→EUR
From Amount (USD)U$1,000
Fee:U$20 USD (Minimum fee)
Exchange Rate:0.8855 (3.57% from mid-rate)
To Amount (EUR)867.79
Total Cost:0%
Difference:
€37 EUR less than using XE
Time:4:29 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Banks - Average Rate
loading
Foreign Transfer USD→EUR
From Amount (USD)U$1,000
Fee:15
Exchange Rate:0.8792 (4.26% from mid-rate)
To Amount (EUR)874.96
Total Cost:0%
Difference:
€30 EUR less than using XE
Transfer Speed:
Services:
 
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Snapshot 05/25/2020 - View live rates

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