Mayotte - Euro - Currency Guide

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.

Travel, Currency and Money saving tips for Mayotte

Travel money for Mayotte

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

U$1,000 U.S. dollar USD → Euro EUR

Provider	Amount EUR(€)	Exchange Rate	Fee USD	Deal Links
TransferWise Card	€891.52 1% Best Overall	0.896	U$5.00	Visit Site
U.S. Bank Foreign Cash	€842.90 6.4% €49 less	0.8429	0
Banks - Average Rate Average of bank rates	€834.47 7.33% €57 less	0.8429	15
Wells Fargo Bank Foreign Cash	€826.04 8.27% €65 less	0.8429	U$20
Travelex Online Foreign Cash	€816.50 9.33% €75 less	0.8165	0^	Visit Site

 

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Visit TransferWise

TransferWise: Travel Money USD→EUR
From Amount (USD)	U$1,000
Fee:	U$5.00 USD (0.5% + U$1)
Exchange Rate:	0.8960 (-0.5% from mid-rate)
To Amount (EUR)	€891.52
Total Cost:	1%
Time:	21:29 Local
Currency Services:	Multi-currency debit card with linked foreign bank accounts
Delivery/Collect:	5-7 days
Rating:	: 4.6/5.0
Reviews:	4 Reviews

 

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U.S. Bank: Travel Money USD→EUR
From Amount (USD)	U$1,000
Fee:	0
Exchange Rate:	0.8429 (-6.4% from mid-rate)
To Amount (EUR)	€842.90
Total Cost:	6.4%
Time:	21:29 Local
Currency Services:	Branch
Delivery/Collect:	-
Rating:	: /5.0
Reviews:

 

Banks - Average Rate

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Travel Money USD→EUR
From Amount (USD)	U$1,000
Fee:	15
Exchange Rate:	0.7879 (-12.5% from mid-rate)
To Amount (EUR)	€834.47
Total Cost:	7.33%
Currency Services:	Branch
Delivery/Collect:	-

 

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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:	0.8429 (-6.4% from mid-rate)
To Amount (EUR)	€826.04
Total Cost:	8.27%
Time:	21:29 Local
Currency Services:	Branch
Delivery/Collect:	-
Rating:	: /5.0
Reviews:

 

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Visit Travelex Online

Travelex Online: Travel Money USD→EUR
From Amount (USD)	U$1,000
Fee:	$0 - No fees for Debit & Credit Cards
Exchange Rate:	0.8165 (-9.33% from mid-rate)
To Amount (EUR)	€816.50
Total Cost:	9.33%
Time:	Rate Fetched: Sat May 30 2020 21:15:03 GMT+0000 (UTC)
Currency Services:	FREE Home delivery & Branch pickup
Delivery/Collect:	2-3 days
Rating:	: 4.3/5.0
Reviews:	13 Reviews

 

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Snapshot 05/30/2020 - View live rates

Sending money to Mayotte

When searching around for information on how to get a good exchange rate when sending money to Mayotte 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 Mayotte

When sending money to Mayotte 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 Mayotte.

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!