Foreign exchange guide to Mayotte and the Euro
What's in this Mayotte currency guide?
The official currency of Mayotte (country code: YT) is the Euro, with symbol € and currency code EUR.
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 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.
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.
The domestic currency in Mayotte is the Euro.
The three letter currency code for the Euro is EUR — symbol is €.
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.
No, the Euro is freely available and convertible. See guide: What is a closed currency?
|$ 1||€ 0.9182|
|$ 5||€ 4.5910|
|$ 10||€ 9.1820|
|$ 20||€ 18.36|
|$ 50||€ 45.91|
|$ 100||€ 91.82|
|$ 250||€ 229.55|
|$ 500||€ 459.10|
|$ 1,000||€ 918.20|
|$ 2,000||€ 1,836|
|$ 5,000||€ 4,591|
|$ 10,000||€ 9,182|
|$ 20,000||€ 18,364|
|$ 50,000||€ 45,910|
|$ 100,000||€ 91,820|
|$ 1.0891||€ 1|
|$ 5.4455||€ 5|
|$ 10.89||€ 10|
|$ 21.78||€ 20|
|$ 54.46||€ 50|
|$ 108.91||€ 100|
|$ 272.28||€ 250|
|$ 544.55||€ 500|
|$ 1,089||€ 1,000|
|$ 2,178||€ 2,000|
|$ 5,446||€ 5,000|
|$ 10,891||€ 10,000|
|$ 21,782||€ 20,000|
|$ 54,455||€ 50,000|
|$ 108,910||€ 100,000|
To get a good (and fair) exchange rate when sending money to Mayotte 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.
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 :
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!