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Foreign Exchange Guide to Martinique

Read this currency guide to Martinique with money transfer and travel tips.   [USD/EUR=0.8819]

 
Martinique
Country Code:
MQ
Domestic Currency:
Euro
Symbol - Code:
€ EUR
Telephone Prefix:
+596

This is a foreign exchange guide to Martinique, the Euro currency plus EUR transfers and travel tips.


In this Martinique currency guide we take a look at :

  1. Euro info - general info about the Euro
  2. Euro in the markets - recent EUR moves and predictions from the FX markets
  3. Travelling in Martinique - currency & money saving tips
  4. Buying Euro cash online - travel money for Martinique
  5. Sending money to Martinique - save on Euro bank transfers to Martinique
  6. Euro exchange rates - latest & historic exchange rates.
  7. EUR News - the latest Euro related articles from our blog.

Euro (EUR) general currency information


What is the Euro currency code and symbol?

The three letter currency code for the Euro is EUR and the 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.

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.


Euro (EUR) in the markets

13-February-19: 2018 was a mixed year for the euro. A 5 percent loss versus the US dollar was offset by a 6 percent gain versus the Australian dollar and small gains against other majors.

Since November, the euro has been remarkably stable against the US dollar, against which it has traded for the most part between $1.125 and $1.15. The euro was quoted towards the low of this range at $1.128 at the time of writing, down 1.5 percent year-to-date.

At the time of writing, euro-pound was 2.5 percent lower on the year at £0.876. Most price action since September has been between £0.865 and £0.91.

The euro is understandably under pressure in early 2019 ahead of Brexit, which more than ever is a source of uncertainty, and on increasing recession risks — Italy slid into recession in February and Germany barely escaped one in the October-December period.

The main euro-supporting factor this year would be an interest rate hike by the ECB, although this is up in the air considering the aforementioned risks.

Forecasts: In February, the head of strategy at BMO Capital Markets predicted a decline in EUR/USD to 1.11 by the end of April. Experts at Natwest predicted a slide in EUR/GBP to £0.85 by mid-year.

The interactive chart below shows the USD to EUR exchange rate for the previous 3 months with rate alerts for days when the exchange rate moved up or down significantly or for 30 day highs and lows.


USD-EUR 3 Month chart
USD-EUR 3 Month chart
USDEUR currency converter

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.

 
Travel Money Providers
Ratings & Reviews
Amount EUR(€)Exchange RateFee USDTotal CostCurrency ServicesDelivery/CollectDeal Links
Wells Fargo Bank logo
825.75 EUR
0.8426$206.38%Branch-
U.S. Bank Foreign Currency
U.S. Bank logo
825.60 EUR
0.15 EUR less
0.825606.39%Branch-
Banks - Average Rate
U.S. Bank logo Wells Fargo Bank logo
825.68 EUR
0.07 EUR less
0.8341$106.39%Branch-
 
Travelex Online US logo
818.80 EUR
6.95 EUR less
0.81880^7.17%Online order, Branch pickup, Home delivery2-3 days
Wells Fargo Bank: Travel Money USD→EUR
USD amount:$1,000 USD
Fee:$20 USD (Minimum fee)
Exchange Rate:0.8426 (4.47% from mid-rate)
EUR amount:825.75 EUR
Total Cost:6.38%
Time:12:07 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
U.S. Bank: Travel Money USD→EUR
USD amount:$1,000 USD
Fee:0
Exchange Rate:0.8256 (6.39% from mid-rate)
EUR amount:825.60 EUR
Total Cost:6.39%
Time:12:07 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 

Banks - Average Rate
U.S. Bank logo Wells Fargo Bank logo

Travel Money USD→EUR
USD amount:$1,000 USD
Fee:$10 USD (1%)
Exchange Rate:0.7718 (12.49% from mid-rate)
EUR amount:825.68 EUR
Total Cost:6.39%
Currency Services:Branch
Delivery/Collect:-
Travelex Online US: Travel Money USD→EUR
USD amount:$1,000 USD
Fee:$0 - No fees for Debit & Credit Cards
Exchange Rate:0.8188 (7.17% from mid-rate)
EUR amount:818.80 EUR
Total Cost:7.17%
Time:
Rate Fetched: Fri Feb 22 2019 10:00:04 GMT+0000 (UTC)
Currency Services:Online order, Branch pickup, Home delivery
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
 
Sending a LARGER foreign transfer? Shop-around with multiple providers: Get Quotes
Note we do not compare every single provider in the market, we compare a selection of established, reputable foreign exchange providers & banks who are regulated in the US as licensed money transmitters. We may receive referral fees if you choose one of these providers however this will not affect the exchange rates or fees you are charged.
Rate snapshot: 02/22/2019
 

Martinique Trip Checklist    

 
  1. Compare EUR travel cash rates - probably why you are here!
  2. Search Hotel deals - Save on your accomodation in Martinique
  3. Lonely Planet - world's best travel guide (coupon and deals)

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 EUR 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!

 
Foreign Transfer Providers
Ratings & Reviews
Receive EUR(€)Exchange RateFee USDTotal CostTransfer ServicesTransfer SpeedDeal Links
 
OFX logo
8,725 EUR
Best Overall
0.87250^1.08%Bank Transfers - Online & Phone1-2 days
 
TransferWise logo
8,775.02 EUR
50 EUR more
0.882$510.51%Bank Transfers - Online1-2 days
Wells Fargo Bank logo
8,543.59 EUR
181 EUR less
0.8559183.13%Online, Branch, Bank Transfers2-3 days
HSBC logo
8,538.17 EUR
187 EUR less
0.8551$153.2%Online, Branch, Bank Transfers2-3 days
Banks - Average Rate
Bank of America logo U.S. Bank logo Wells Fargo Bank logo HSBC logo
8,486 EUR
239 EUR less
0.8536153.79%Online, Branch, Bank Transfers2-3 days
Bank of America International Money Transfers
Bank of America logo
8,430.84 EUR
294 EUR less
0.8516$1004.41%Online, Branch, Bank Transfers2-3 days
U.S. Bank International Money Transfers
U.S. Bank logo
8,430.84 EUR
294 EUR less
0.8516$1004.41%Online, Branch, Bank Transfers2-3 days
 
Xoom logo
Your amount above the Xoom USD2999 maximum
NaN EUR less
 
WorldRemit logo
Your amount above the WorldRemit USD2000 maximum
NaN EUR less
 
OFX: Foreign Transfer USD→EUR
USD amount:$10,000 USD
Fee:0^ - No fees for BestExchangeRates users (normally $12 for smaller transfers)
Exchange Rate:0.8725 (1.08% from mid-rate)
EUR amount:8,725 EUR
Total Cost:1.08%
Time:
Rate Fetched: Fri Feb 22 2019 10:02:21 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 4.8/5.0
Reviews:
TransferWise: Foreign Transfer USD→EUR
USD amount:$10,000 USD
Fee:$51 USD (0.5% + $1)
Exchange Rate:0.8820 undefined
EUR amount:8,775.02 EUR
Total Cost:0.51%
Difference:
50 EUR more than using OFX
Time:12:07 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online
Rating:
 
: 4.6/5.0
Reviews:
Wells Fargo Bank: Foreign Transfer USD→EUR
USD amount:$10,000 USD
Fee:18
Exchange Rate:0.8559 (2.96% from mid-rate)
EUR amount:8,543.59 EUR
Total Cost:3.13%
Difference:
181 EUR less than using OFX
Time:12:07 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
HSBC: Foreign Transfer USD→EUR
USD amount:$10,000 USD
Fee:$15 USD (.15%)
Exchange Rate:0.8551 (3.05% from mid-rate)
EUR amount:8,538.17 EUR
Total Cost:3.2%
Difference:
187 EUR less than using OFX
Time:12:07 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Banks - Average Rate
Bank of America logo U.S. Bank logo Wells Fargo Bank logo HSBC logo

Foreign Transfer USD→EUR
USD amount:$10,000 USD
Fee:15
Exchange Rate:0.8498 (3.65% from mid-rate)
EUR amount:8,486 EUR
Total Cost:3.79%
Difference:
239 EUR less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Bank of America: Foreign Transfer USD→EUR
USD amount:$10,000 USD
Fee:$100 USD (1%)
Exchange Rate:0.8516 (3.45% from mid-rate)
EUR amount:8,430.84 EUR
Total Cost:4.41%
Difference:
294 EUR less than using OFX
Time:12:07 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
U.S. Bank: Foreign Transfer USD→EUR
USD amount:$10,000 USD
Fee:$100 USD (1%)
Exchange Rate:0.8516 (3.45% from mid-rate)
EUR amount:8,430.84 EUR
Total Cost:4.41%
Difference:
294 EUR less than using OFX
Time:12:07 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
Xoom: Foreign Transfer USD→EUR
USD amount:$10,000 USD
Fee:
Transfer Speed:
Services:
Rating:
 
: 4.2/5.0
Reviews:
WorldRemit: Foreign Transfer USD→EUR
USD amount:$10,000 USD
Fee:
Transfer Speed:1 day
Services:Bank Transfers & Cash Pickup - Online only
Rating:
 
: 4.5/5.0
Reviews:
 
Sending a LARGER foreign transfer? Shop-around with multiple providers: Get Quotes
Note we do not compare every single provider in the market, we compare a selection of established, reputable foreign exchange providers & banks who are regulated in the US as licensed money transmitters. We may receive referral fees if you choose one of these providers however this will not affect the exchange rates or fees you are charged.
Rate snapshot: 02/22/2019
 

Popular EUR cross rates


EUR/USD - Euro to United States Dollar - 10 Year History

DateExchange RatePeriodChange
22 Feb 20191.1341Latest
15 Feb 20191.12971 Week+0.39%
23 Jan 20191.13871 Month-0.4%
26 Aug 20181.16456 Months-2.61%
22 Feb 20181.23271 Year-8%
22 Feb 20171.05512 Years+7.49%
23 Feb 20141.37385 Years-17.45%
24 Feb 20091.280110 Years-11.41%

EUR/GBP - Euro to British Pound Sterling - 10 Year History

DateExchange RatePeriodChange
22 Feb 20190.8686Latest
15 Feb 20190.87621 Week-0.87%
23 Jan 20190.87041 Month-0.21%
26 Aug 20180.90566 Months-4.09%
22 Feb 20180.88361 Year-1.7%
22 Feb 20170.84732 Years+2.51%
23 Feb 20140.82605 Years+5.16%
24 Feb 20090.884210 Years-1.76%

EUR/JPY - Euro to Japanese Yen - 10 Year History

DateExchange RatePeriodChange
22 Feb 2019125.5422Latest
15 Feb 2019124.82041 Week+0.58%
23 Jan 2019124.68241 Month+0.69%
26 Aug 2018129.60246 Months-3.13%
22 Feb 2018131.69501 Year-4.67%
22 Feb 2017119.66562 Years+4.91%
23 Feb 2014140.86795 Years-10.88%
24 Feb 2009123.451510 Years+1.69%

EUR/AUD - Euro to Australian Dollar - 10 Year History

DateExchange RatePeriodChange
22 Feb 20191.5887Latest
15 Feb 20191.58081 Week+0.5%
23 Jan 20191.59321 Month-0.28%
26 Aug 20181.58606 Months+0.17%
22 Feb 20181.57261 Year+1.02%
22 Feb 20171.37102 Years+15.88%
23 Feb 20141.53225 Years+3.69%
24 Feb 20091.981010 Years-19.8%

EUR/CAD - Euro to Canadian Dollar - 10 Year History

DateExchange RatePeriodChange
22 Feb 20191.4953Latest
15 Feb 20191.49631 Week-0.07%
23 Jan 20191.51951 Month-1.59%
26 Aug 20181.51516 Months-1.31%
22 Feb 20181.56731 Year-4.59%
22 Feb 20171.38902 Years+7.65%
23 Feb 20141.52605 Years-2.01%
24 Feb 20091.596610 Years-6.34%

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