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Foreign Exchange Guide to Martinique

Read this currency guide to Martinique with money transfer and travel tips.   [USD/EUR=0.8898]

 
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

Against the dollar, the euro remains weak. At $1.12 in early April, the euro was barely above March’s 21-month low of $1.118. Against the pound, it traded at £0.86 (a level it never sank to in 2018), but it fared better against the Australian dollar, with EUR/AUD rates in line with 2018’s average, at A$1.578.

Euro weakness has been driven by Brexit uncertainties and has followed March’s meeting of the ECB, at which the central bank said it will not raise interest rates until 2020 as part of an effort to lift the eurozone economy out of this “period of continued [economic] weakness.”

Forecasts: ING analysts wrote in March that they expect the low-yielding euro to continue to depreciate against USD over the coming months; ANZ said it saw rates falling as low as $1.08 by mid-year; Danske Bank said the euro would trade between $1.12 and 1.16 at year-end.

For EUR/GBP, Nordea Research thinks a no-deal Brexit will put £0.95 in play, a Norway-type Brexit (“Norway plus”) or permanent customs union will lead to £0.81-0.83, and Theresa May’s deal should see £0.83-0.84.

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.

 
Sending a LARGER foreign transfer? Request a Multi-Vendor Quote ▾
Travel Money Providers
Ratings & Reviews
Amount EUR(€)Exchange RateFee USDTotal CostCurrency ServicesDelivery/CollectDeal Links
U.S. Bank Foreign Currency
U.S. Bank logo
833.10 EUR
Compare
0.833106.39%Branch-
Banks - Average Rate
U.S. Bank logo Wells Fargo Bank logo
824.77 EUR
8.33 EUR
0.8331$107.33%Branch-
Wells Fargo Bank logo
816.44 EUR
17 EUR
0.8331$208.27%Branch-
 
Travelex Online US logo
808.10 EUR
25 EUR
0.80810^9.2%Online order, Branch pickup, Home delivery2-3 days
 

U.S. Bank logoU.S. Bank

U.S. Bank: Travel Money USD→EUR
USD amount:$1,000 USD
Fee:0
Exchange Rate:0.8331 (6.39% from mid-rate)
EUR amount:833.10 EUR
Total Cost:6.39%
Time:0:00 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Travel Money USD→EUR
USD amount:$1,000 USD
Fee:$10 USD (1%)
Exchange Rate:0.7788 (12.49% from mid-rate)
EUR amount:824.77 EUR
Total Cost:7.33%
Currency Services:Branch
Delivery/Collect:-
 

Wells Fargo Bank logoWells Fargo Bank

Wells Fargo Bank: Travel Money USD→EUR
USD amount:$1,000 USD
Fee:$20 USD (Minimum fee)
Exchange Rate:0.8331 (6.39% from mid-rate)
EUR amount:816.44 EUR
Total Cost:8.27%
Time:0:00 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
Travelex Online US: Travel Money USD→EUR
USD amount:$1,000 USD
Fee:$0 - No fees for Debit & Credit Cards
Exchange Rate:0.8081 (9.2% from mid-rate)
EUR amount:808.10 EUR
Total Cost:9.2%
Time:
Rate Fetched: Thu Apr 18 2019 22:00:04 GMT+0000 (UTC)
Currency Services:Online order, Branch pickup, Home delivery
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
 
 

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!

 
Sending a LARGER foreign transfer? Request a Multi-Vendor Quote ▾

USD-EUR Foreign Transfers

  

Foreign Transfer Providers
Ratings & Reviews
Receive EUR(€)Exchange RateFee USDTotal CostTransfer ServicesTransfer SpeedDeal Links
 
OFX logo
8,766 EUR
Best Overall
0.87660^1.51%Bank Transfers - Online & Phone, Foreign Currency Accounts1-2 days
 
TransferWise logo
8,845.66 EUR
80 EUR
0.8891$510.61%Bank Transfers - Online, Foreign Currency Accounts1-2 days
Wells Fargo Bank logo
8,583.52 EUR
182 EUR
0.8599183.56%Online, Branch, Bank Transfers2-3 days
HSBC logo
8,578.11 EUR
188 EUR
0.8591$153.62%Online, Branch, Bank Transfers2-3 days
Banks - Average Rate
Bank of America logo U.S. Bank logo Wells Fargo Bank logo HSBC logo
8,526 EUR
240 EUR
0.8576154.21%Online, Branch, Bank Transfers2-3 days
Bank of America International Money Transfers
Bank of America logo
8,470.44 EUR
296 EUR
0.8556$1004.83%Online, Branch, Bank Transfers2-3 days
U.S. Bank International Money Transfers
U.S. Bank logo
8,470.44 EUR
296 EUR
0.8556$1004.83%Online, Branch, Bank Transfers2-3 days
 
OFX: Foreign Transfer USD→EUR
USD amount:$10,000 USD
Fee:0^ - No fees for BestExchangeRates users (normally $12 for smaller transfers)
Exchange Rate:0.8766 (1.51% from mid-rate)
EUR amount:8,766 EUR
Total Cost:1.51%
Time:
Rate Fetched: Thu Apr 18 2019 22:02:20 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
TransferWise: Foreign Transfer USD→EUR
USD amount:$10,000 USD
Fee:$51 USD (0.5% + $1)
Exchange Rate:0.8891 (0.1% from mid-rate)
EUR amount:8,845.66 EUR
Total Cost:0.61%
Difference:
80 EUR more than using OFX
Time:0:00 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online, Foreign Currency Accounts
Rating:
 
: 4.6/5.0
Reviews:
 

Wells Fargo Bank logoWells Fargo Bank

Wells Fargo Bank: Foreign Transfer USD→EUR
USD amount:$10,000 USD
Fee:18
Exchange Rate:0.8599 (3.38% from mid-rate)
EUR amount:8,583.52 EUR
Total Cost:3.56%
Difference:
182 EUR less than using OFX
Time:0:00 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

HSBC logoHSBC

HSBC: Foreign Transfer USD→EUR
USD amount:$10,000 USD
Fee:$15 USD (.15%)
Exchange Rate:0.8591 (3.47% from mid-rate)
EUR amount:8,578.11 EUR
Total Cost:3.62%
Difference:
188 EUR less than using OFX
Time:0:00 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Foreign Transfer USD→EUR
USD amount:$10,000 USD
Fee:15
Exchange Rate:0.8538 (4.07% from mid-rate)
EUR amount:8,526 EUR
Total Cost:4.21%
Difference:
240 EUR less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 

Bank of America logoBank of America

Bank of America: Foreign Transfer USD→EUR
USD amount:$10,000 USD
Fee:$100 USD (1%)
Exchange Rate:0.8556 (3.87% from mid-rate)
EUR amount:8,470.44 EUR
Total Cost:4.83%
Difference:
296 EUR less than using OFX
Time:0:00 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

U.S. Bank logoU.S. Bank

U.S. Bank: Foreign Transfer USD→EUR
USD amount:$10,000 USD
Fee:$100 USD (1%)
Exchange Rate:0.8556 (3.87% from mid-rate)
EUR amount:8,470.44 EUR
Total Cost:4.83%
Difference:
296 EUR less than using OFX
Time:0:00 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
 

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

DateExchange RatePeriodChange
18 Apr 20191.1238Latest
11 Apr 20191.12601 Week-0.2%
19 Mar 20191.13541 Month-1.02%
20 Oct 20181.15286 Months-2.52%
18 Apr 20181.23791 Year-9.22%
18 Apr 20171.07292 Years+4.74%
19 Apr 20141.38145 Years-18.65%
20 Apr 20091.292510 Years-13.05%

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

DateExchange RatePeriodChange
18 Apr 20190.8641Latest
11 Apr 20190.86251 Week+0.19%
19 Mar 20190.85571 Month+0.98%
20 Oct 20180.88196 Months-2.02%
18 Apr 20180.87161 Year-0.86%
18 Apr 20170.83542 Years+3.44%
19 Apr 20140.82275 Years+5.03%
20 Apr 20090.888210 Years-2.71%

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

DateExchange RatePeriodChange
18 Apr 2019125.7920Latest
11 Apr 2019125.72091 Week+0.06%
19 Mar 2019126.51101 Month-0.57%
20 Oct 2018129.74966 Months-3.05%
18 Apr 2018132.90041 Year-5.35%
18 Apr 2017116.46082 Years+8.01%
19 Apr 2014141.49805 Years-11.1%
20 Apr 2009126.953310 Years-0.91%

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

DateExchange RatePeriodChange
18 Apr 20191.5723Latest
11 Apr 20191.58091 Week-0.54%
19 Mar 20191.60191 Month-1.85%
20 Oct 20181.61916 Months-2.89%
18 Apr 20181.58941 Year-1.08%
18 Apr 20171.41942 Years+10.77%
19 Apr 20141.48085 Years+6.18%
20 Apr 20091.842810 Years-14.68%

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

DateExchange RatePeriodChange
18 Apr 20191.5030Latest
11 Apr 20191.50641 Week-0.23%
19 Mar 20191.51311 Month-0.67%
20 Oct 20181.51196 Months-0.59%
18 Apr 20181.56321 Year-3.85%
18 Apr 20171.43582 Years+4.68%
19 Apr 20141.52245 Years-1.27%
20 Apr 20091.596010 Years-5.83%

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