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Foreign Exchange Guide to Mayotte

Read this currency guide to Mayotte with HKD money transfer and travel tips.   [HKD/EUR=0.1154]

 
Mayotte
Country Code:
YT
Domestic Currency:
Euro
Symbol - Code:
€ EUR
Telephone Prefix:
+262

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


In this Mayotte 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 Mayotte - currency & money saving tips
  4. Buying Euro cash online - travel money for Mayotte
  5. Sending money to Mayotte - save on Euro bank transfers to Mayotte
  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

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 and British pound between mid-April and mid-June. Due to a stronger US dollar, EUR/USD was down 2 percent on the year at $1.12, close to long-term lows.

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:

Travel, Currency and Money saving tips for Mayotte

 

Travel money for Mayotte

 

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.

   

Mayotte Trip Checklist    

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

Sending money to Mayotte

When searching around for information on how to get a good exchange rate when sending money to Mayotte 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 Mayotte

When sending money to Mayotte 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 Mayotte.

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
OFX logo
5,630 EUR0.11260 for BER users (normally $15)2.26%
DBS Bank logo
5,569.43 EUR0.1115503.31%
Banks - Average Rate
DBS Bank logo Citibank logo HSBC logo
5,511 EUR0.1103554.32%
HSBC logo
5,496.19 EUR0.1101$804.58%
Citibank International Money Transfers
Citibank logo
5,468.69 EUR0.1094125.06%
 
OFX: Foreign Transfer HKD→EUR
HKD amount:$50,000 HKD
Fee:0 for BER users (normally $15)
Exchange Rate:0.1126 (2.26% from mid-rate)
EUR amount:5,630 EUR
Total Cost:2.26%
Time:
Rate Fetched: Fri Aug 23 2019 00:16:08 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 

DBS Bank logoDBS Bank

DBS Bank: Foreign Transfer HKD→EUR
HKD amount:$50,000 HKD
Fee:50
Exchange Rate:0.1115 (3.21% from mid-rate)
EUR amount:5,569.43 EUR
Total Cost:3.31%
Difference:
61 EUR less than using OFX
Time:1:05 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Foreign Transfer HKD→EUR
HKD amount:$50,000 HKD
Fee:55
Exchange Rate:0.1106 (3.99% from mid-rate)
EUR amount:5,511 EUR
Total Cost:4.32%
Difference:
119 EUR less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 

HSBC logoHSBC

HSBC: Foreign Transfer HKD→EUR
HKD amount:$50,000 HKD
Fee:$80 HKD (Minimum fee)
Exchange Rate:0.1101 (4.43% from mid-rate)
EUR amount:5,496.19 EUR
Total Cost:4.58%
Difference:
134 EUR less than using OFX
Time:1:05 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Citibank logoCitibank

Citibank: Foreign Transfer HKD→EUR
HKD amount:$50,000 HKD
Fee:12
Exchange Rate:0.1094 (5.03% from mid-rate)
EUR amount:5,468.69 EUR
Total Cost:5.06%
Difference:
161 EUR less than using OFX
Time:1:05 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Snapshot 08/23/2019 - See full table
 

EUR/USD - Euro to United States Dollar - Historical Rates

PeriodChange*EUR/USDDate
1 Day-0.07%1.109121 Aug 2019
1 Week-0.26%1.111215 Aug 2019
1 Month-0.61%1.115123 Jul 2019
6 Months-2.24%1.133723 Feb 2019
1 Year-4.34%1.158622 Aug 2018
5 Years-16.31%1.324323 Aug 2014
10 Years-22.52%1.430524 Aug 2009

*For period to 22-Aug 21UTC when EUR/USD was 1.1083

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

PeriodChange*EUR/GBPDate
1 Day-1.09%0.914421 Aug 2019
1 Week-1.59%0.919015 Aug 2019
1 Month+0.87%0.896623 Jul 2019
6 Months+4.12%0.868623 Feb 2019
1 Year+0.74%0.897822 Aug 2018
5 Years+13.19%0.799023 Aug 2014
10 Years+3.94%0.870124 Aug 2009

*For period to 22-Aug 21UTC when EUR/GBP was 0.9044

EUR/AUD - Euro to Australian Dollar - Historical Rates

PeriodChange*EUR/AUDDate
1 Day+0.32%1.634821 Aug 2019
1 Week-0.04%1.640715 Aug 2019
1 Month+2.91%1.593823 Jul 2019
6 Months+3.16%1.589923 Feb 2019
1 Year+3.81%1.579922 Aug 2018
5 Years+15.38%1.421523 Aug 2014
10 Years-3.7%1.703124 Aug 2009

*For period to 22-Aug 21UTC when EUR/AUD was 1.6401

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