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Saint Pierre and Miquelon - Euro - Currency Guide

 

Foreign exchange guide to Saint Pierre and Miquelon 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
 
ALERTS:4-DAY1.9% | 30-DAY LOWS |
USD/EUR at 0.9005 was trading 1.5% below AVG:0.9142 with LO:0.8739 and HI:0.9381 (90 days). ALERTS: USD/EUR was DOWN 1.9% this 4-DAY period and also dropped to 30-DAY LOWS.

US Dollar to Euro - Historical Rates

USD/EURPeriod to 29-MayDateRate
1.8% ▼1 Week22 May 20200.9174
2% ▼30 Days29 Apr 20200.9193
0.7% ▼90 Days29 Feb 20200.9068
0.2% ▲1 Year30 May 20190.8985
1.2% ▼5 Years31 May 20150.9113
10.1% ▲10 Years01 Jun 20100.8179
USD/EUR 10 year rates & changes to 29-May-2020 (0.9005)

US Dollar to Euro - Quick Conversions

USD EUR
U$ 1 0.9005
U$ 5 4.5025
U$ 10 9.0050
U$ 20 18.01
U$ 50 45.03
U$ 100 90.05
U$ 250 225.13
U$ 500 450.25
U$ 1,000 900.50
U$ 2,000 1,801
U$ 5,000 4,503
U$ 10,000 9,005
U$ 50,000 45,025
U$ 100,000 90,050
More amounts
USD EUR
U$ 1.1105 € 1
U$ 5.5525 € 5
U$ 11.11 € 10
U$ 22.21 € 20
U$ 55.53 € 50
U$ 111.05 € 100
U$ 277.63 € 250
U$ 555.25 € 500
U$ 1,111 € 1,000
U$ 2,221 € 2,000
U$ 5,553 € 5,000
U$ 11,105 € 10,000
U$ 55,525 € 50,000
U$ 111,050 € 100,000
More amounts

Frequently Asked Questions

 

What currency should I use in Saint Pierre and Miquelon?

The domestic currency in Saint Pierre and Miquelon 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 Saint Pierre and Miquelon

A trip to the French islands of Saint-Pierre and Miquelon is a must for anyone planning travel in eastern Newfoundland. With a piece of Europe just 20 km from the province’s southern coast, why wouldn’t you plan an international trip? That being said, a visit to the archipelago does require some preparation. The islands of St-Pierre and Miquelon aren't just French-like with their berets, baguettes and Bordeaux, they are France, governed and financed by the tricolore. St-Pierre is the more populated and developed island, with most of its 5500 residents living in the town of St-Pierre. Miquelon is larger geographically but has only 600 residents overall.

Jacques Cartier claimed the islands for France in 1536, after they were discovered by the Portuguese in 1520. At the end of the Seven Years' War in 1763, the islands were turned over to Britain, only to be given back to France in 1816. And French they've remained ever since.

How to travel Saint Pierre and Miquelon?

Air St-Pierre flies to St John's, Montréal and Halifax. There are two to three flights weekly to each city. Taxis to/from the airport cost around €5. From Fortune on Newfoundland, the St-Pierre Ferry makes the hour-long trip to and from the island once daily (twice on Wednesdays) in July and August. It runs less often the rest of the year. Departure times vary, so check the website. Boats carry foot passengers only, though plans are in the works for two car ferries.

Much can be seen on foot. Roads are steep outside of town, so prepare to huff and puff. Car-rental agencies are resistant to renting to tourists, who admittedly have difficulty navigating the unsignposted, narrow, one-way streets. The visitor center rents bicycles (per day €13) and there are also motorized bicycles for rent. Local ferries head to Miquelon and Langlade; check with the visitor center for schedules and costs.

Travel tips for Saint Pierre and Miquelon.

Just like in Europe, the winding narrow streets of Saint-Pierre are filled with vibrant shops and must-try restaurants – the key is finding them all! The town of Saint-Pierre isn’t zoned out like many cities in Canada, meaning that you may find the perfect souvenir in a tiny shop tucked among houses on a seemingly residential street. Saint-Pierre’s size makes it easy to explore by foot, so be sure to put on your walking shoes and meander down every possible street.

The archipelago is a relatively small region that hosts a fair number of tourists each season. As a result, accommodations are limited, and it can even be a challenge to find supper during the height of summer, if you're not prepared! Plan your trip as far in advance as possible, and book accommodations, excursions, and dinner reservations as soon as you’ve decided on dates. Getting the logistics sorted out early means you'll be able to experience everything you want to, without worry.

 

Travel money for Saint Pierre and Miquelon

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
891.52
1%
Best Overall
0.896U$5.00
U.S. Bank Foreign Cash
U.S. Bank logo
842.90
6.4%
€49 less
0.84290
Banks - Average Rate
U.S. Bank logo Wells Fargo Bank logo
834.47
7.33%
€57 less
0.842915
Wells Fargo Bank logo
826.04
8.27%
€65 less
0.8429U$20
Travelex Online logo
816.50
9.33%
€75 less
0.81650^
 
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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:0.8960 (-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:
 
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:0.8429 (-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:-
 
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:0.8429 (-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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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:
 
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Snapshot 05/30/2020 - View live rates

Sending money to Saint Pierre and Miquelon

When searching around for information on how to get a good exchange rate when sending money to Saint Pierre and Miquelon 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 Saint Pierre and Miquelon

When sending money to Saint Pierre and Miquelon 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 Saint Pierre and Miquelon.

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
OFX logo
893.30
0.8%
Best Overall
0.89330^
XE logo
887.00
1.5%
€6.3 less
0.8870
HSBC logo
861.91
4.29%
€31 less
0.8632U$1.50
U.S. Bank International Money Transfers
U.S. Bank logo
859.70
4.53%
€34 less
0.85970
Bank of America International Money Transfers
Bank of America logo
846.80
5.96%
€46 less
0.8597U$15
Wells Fargo Bank logo
846.82
5.96%
€46 less
0.8641U$20
Banks - Average Rate
U.S. Bank logo Bank of America logo HSBC logo Wells Fargo Bank logo
853.81
5.19%
€39 less
0.861715
 
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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:0.8933 (0.8% from mid-rate)
To Amount (EUR)893.30
Total Cost:0.8%
Time:
Rate Fetched: 21:29 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 
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XE: Foreign Transfer USD→EUR
From Amount (USD)U$1,000
Fee:
Exchange Rate:0.8870 (1.5% from mid-rate)
To Amount (EUR)887.00
Total Cost:1.5%
Difference:
€6.3 EUR less than using OFX
Time:21:29 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 3.5/5.0
Reviews:
 
HSBC logo
loading
HSBC: Foreign Transfer USD→EUR
From Amount (USD)U$1,000
Fee:U$1.50 USD (.15%)
Exchange Rate:0.8632 (4.14% from mid-rate)
To Amount (EUR)861.91
Total Cost:4.29%
Difference:
€31 EUR less than using OFX
Time:21:29 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /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:0.8597 (4.53% from mid-rate)
To Amount (EUR)859.70
Total Cost:4.53%
Difference:
€34 EUR less than using OFX
Time:21:29 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:0.8597 (4.53% from mid-rate)
To Amount (EUR)846.80
Total Cost:5.96%
Difference:
€46 EUR less than using OFX
Time:21:29 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:0.8641 (4.04% from mid-rate)
To Amount (EUR)846.82
Total Cost:5.96%
Difference:
€46 EUR less than using OFX
Time:21:29 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:0.8579 (4.73% from mid-rate)
To Amount (EUR)853.81
Total Cost:5.19%
Difference:
€39 EUR less than using OFX
Transfer Speed:
Services:
 
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Snapshot 05/30/2020 - View live rates

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