Foreign Exchange Guide to Martinique

This currency guide to Martinique helps you choose the best way to save money on EUR transfers and travel money.    [HKD/EUR=0.1166]

 
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 sending 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

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.

Euro sentiment dipped in mid-June after the ECB, like other major central banks of the world, ramped up its dovish rhetoric. It said that there was “considerable room” for further quantitative easing and that it would consider negative interest rates. Ordinarily, this would spark an extended euro decline but since other major currencies are also wrestling with easier central bank policies, euro depreciation may be contained.

In spite of Brexit, a slowdown in economic growth, Italian risks and persistently weak inflation — an important measure of inflation expectations fell in June to a record low — the euro did fantastically well against the Australian dollar, New Zealand dollar.

For more details read the full article Euro Forecasts.

The interactive chart below shows the HKD to EUR exchange rate and trend for the previous 3 months:

ALERT: 90-DAY HIGHS 🔔 |
HKD/EUR at 0.1164 is trading 0.9% above the 90-day average 0.1154 with a range 0.1141 to 0.1164. ALERT: HKD/EUR has risen to 90-DAY HIGHS.
23-Jan-2020 16:NY 21:LON 08:SYD+1d

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.

   

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!

 
  

HKD to EUR International Money Transfers

  

Foreign Transfer ProvidersReceive EUR(€)Exchange RateFee HKDTotal CostDeal Links
WorldFirst logo
5,7900.115800.52%
OFX logo
5,6950.11390 for BER users (normally $15)2.15%
DBS Bank logo
5,634.360.1128503.19%
Banks - Average Rate
DBS Bank logo Citibank logo HSBC logo
5,5730.1116554.24%
HSBC logo
5,556.10.1113HK$804.53%
Citibank International Money Transfers
Citibank logo
5,528.670.1106125.01%
WorldRemit logo
Your amount above the WorldRemit HKD2000 maximum
 
WorldFirst logo
WorldFirst: Foreign Transfer HKD→EUR
From Amount (HKD)HK$50,000
Fee:
Exchange Rate:0.1158 (0.52% from mid-rate)
To Amount (EUR)5,790
Total Cost:0.52%
Time:1:06 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.6/5.0
Reviews:
 
OFX logo
OFX: Foreign Transfer HKD→EUR
From Amount (HKD)HK$50,000
Fee:0 for BER users (normally $15)
Exchange Rate:0.1139 (2.15% from mid-rate)
To Amount (EUR)5,695
Total Cost:2.15%
Difference:
€95 EUR less than using WorldFirst
Time:
Rate Fetched: Fri Jan 24 2020 00:16:12 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 
DBS Bank logo
DBS Bank: Foreign Transfer HKD→EUR
From Amount (HKD)HK$50,000
Fee:50
Exchange Rate:0.1128 (3.09% from mid-rate)
To Amount (EUR)5,634.36
Total Cost:3.19%
Difference:
€156 EUR less than using WorldFirst
Time:1:06 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Banks - Average Rate
Foreign Transfer HKD→EUR
From Amount (HKD)HK$50,000
Fee:55
Exchange Rate:0.1119 (3.87% from mid-rate)
To Amount (EUR)5,573
Total Cost:4.24%
Difference:
€217 EUR less than using WorldFirst
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 
HSBC logo
HSBC: Foreign Transfer HKD→EUR
From Amount (HKD)HK$50,000
Fee:HK$80 HKD (Minimum fee)
Exchange Rate:0.1113 (4.38% from mid-rate)
To Amount (EUR)5,556.1
Total Cost:4.53%
Difference:
€234 EUR less than using WorldFirst
Time:1:06 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Citibank logo
Citibank: Foreign Transfer HKD→EUR
From Amount (HKD)HK$50,000
Fee:12
Exchange Rate:0.1106 (4.98% from mid-rate)
To Amount (EUR)5,528.67
Total Cost:5.01%
Difference:
€261 EUR less than using WorldFirst
Time:1:06 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
WorldRemit logo
WorldRemit: Foreign Transfer HKD→EUR
From Amount (HKD)HK$50,000
Fee:
Transfer Speed:1 day
Services:Bank Transfers & Cash Pickup - Online only
Rating:
 
: 4.5/5.0
Reviews:
 
Snapshot 01/24/2020 - See full table
 

Euro to United States Dollar - Historical Rates

PeriodChange*EUR/USDDate
1 Day-0.4%1.109622 Jan 2020
7 Day-0.7%1.113716 Jan 2020
30 Day-0.3%1.108924 Dec 2019
3 Month-0.2%1.108025 Oct 2019
1 Year-2.9%1.138723 Jan 2019
5 Year-1.3%1.120724 Jan 2015
10 Year-21.9%1.414925 Jan 2010

*For period to 23-Jan 21UTC when EUR/USD was 1.1057

Euro to British Pound Sterling - 10 Year History

PeriodChange*EUR/GBPDate
1 Day-0.2%0.844222 Jan 2020
7 Day-1.1%0.851616 Jan 2020
30 Day-1.7%0.857324 Dec 2019
3 Month-2.5%0.864125 Oct 2019
1 Year-3.2%0.870423 Jan 2019
5 Year+12.7%0.747424 Jan 2015
10 Year-3.5%0.873625 Jan 2010

*For period to 23-Jan 21UTC when EUR/GBP was 0.8426

Euro to Australian Dollar - Historical Rates

PeriodChange*EUR/AUDDate
1 Day-0.4%1.621822 Jan 2020
7 Day+0.1%1.614416 Jan 2020
30 Day+0.9%1.601824 Dec 2019
3 Month-0.5%1.624125 Oct 2019
1 Year+1.4%1.593223 Jan 2019
5 Year+14.1%1.416624 Jan 2015
10 Year+3.3%1.564825 Jan 2010

*For period to 23-Jan 21UTC when EUR/AUD was 1.6159

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