A practical currency and money guide to travel, living and doing business in Saint Barthelemy and the Euro (EUR).
What's in this Saint Barthelemy currency guide:
The official currency of Saint Barthelemy (country code: BL) 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.
Saint Barthélemy, also known as St. Barth's, is a small island located in the Caribbean Sea. It is a French overseas collectivity and is known for its beautiful beaches, luxury hotels, and high-end shopping. The island has a tropical climate, with average temperatures ranging from the mid-70s to the mid-80s Fahrenheit throughout the year. The official language is French, but many people also speak English. St. Barth's is a popular destination for tourists, especially during the winter months, and is known for its lively nightlife and dining scene. The island is also home to a number of historical sites and landmarks, including the Gustavia Lighthouse and the Wall House Museum.
Visit the beaches: St. Barth's is known for its beautiful beaches, and there are many to choose from. Some popular spots include Shell Beach, Saline Beach, and Anse de Grande Saline.
Go shopping: St. Barth's has a number of high-end boutiques and designer stores, making it a great place to go shopping.
Take a boat tour: St. Barth's is surrounded by clear, turquoise waters, making it a great place to go boating. You can take a boat tour to explore the island's many coves and bays, or go snorkeling or diving to see the marine life.
Visit the Wall House Museum: This museum is located in the island's capital, Gustavia, and features exhibits on the island's history and culture.
Explore the island's history: St. Barth's has a rich history, and there are several historical sites to visit including the Gustavia Lighthouse and the Fort Karl.
Go hiking: St. Barth's has a number of trails that offer beautiful views of the island and the surrounding waters.
Take a cooking class: St. Barth's is known for its delicious cuisine, and there are several cooking schools on the island where you can learn to prepare local dishes.
Visit the island's markets: St. Barth's has several markets where you can find a wide range of handmade items, including crafts, jewelry, and textiles.
Here we list some key points for expats and businesses to consider when managing financial dealings in Saint Barthelemy:
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 Saint Barthelemy. 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 Saint Barthelemy. 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 Saint Barthelemy. 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 Saint Barthelemy, 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.
The exchange rate of euro (EUR), or the amount of EUR that can be exchanged for a foreign currency, can fluctuate rapidly based on a number of factors, including economic conditions, interest rates, and political events. Below you can check the latest EUR/USD rate plus recent trend, chart, forecasts and historic rates.
10 Mar 2023
|1% ▲||2 Week|
24 Dec 2022
|0.9% ▲||3 Month|
24 Mar 2022
|2.2% ▼||1 Year|
25 Mar 2018
|12.9% ▼||5 Year|
26 Mar 2013
|16.3% ▼||10 Year|
29 Mar 2003
|0.1% ▲||20 Year|
The below comparison table makes it easy to find the best exchange rates and lowest fees when you want to make an International Money Transfer to Saint Barthelemy or planning a trip or maybe living there, so will need to exchange and spend Euro.
Loading comparison rates...
It is important to note that the exchange rate of the euro can change rapidly and that past performance is not necessarily indicative of future performance. It is advisable to carefully consider the risks and factors that may affect EUR exchange rates before making any financial decisions.