Monaco - Euro - Currency Guide

This is a currency guide to Monaco, the Euro currency plus sending (EUR) transfers and travel tips for Monaco.

 
 
CountryMonaco
FlagMonaco
Country CodeMC
Domestic Currency Euro
Currency Symbol
Currency CodeEUR
Exchange RateUSD/EUR = 0.914
Telephone Prefix+377

Quick Conversions from US Dollar to Euro

USD

EUR

U$ 1
€ 0.9140
U$ 5
€ 4.5700
U$ 10
€ 9.1400
U$ 20
€ 18.28
U$ 50
€ 45.70
U$ 100
€ 91.40
U$ 250
€ 228.50
U$ 500
€ 457.00
U$ 1,000
€ 914.00
U$ 2,000
€ 1,828
U$ 5,000
€ 4,570
U$ 10,000
€ 9,140
U$ 50,000
€ 45,700
U$ 100,000
€ 91,400
More amounts

USD

EUR

U$ 1.0941
€ 1
U$ 5.4705
€ 5
U$ 10.94
€ 10
U$ 21.88
€ 20
U$ 54.71
€ 50
U$ 109.41
€ 100
U$ 273.53
€ 250
U$ 547.05
€ 500
U$ 1,094
€ 1,000
U$ 2,188
€ 2,000
U$ 5,471
€ 5,000
U$ 10,941
€ 10,000
U$ 54,705
€ 50,000
U$ 109,410
€ 100,000
More amounts

To calculate specific USD/EUR amounts use our Convert USD to EUR quick calculator. To read more about the latest exchange rate trends and to compare FX provider rates view USD to EUR Rate Guide.

Monaco Currency Info

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.


Frequently Asked Questions


What currency should I use in Monaco?

The domestic currency in Monaco is the Euro.

What is the Euro currency code and symbol?

The three letter currency code for the Euro is EUR — symbol is .

How much is U$100 US Dollars in Euro?

U$ 100 converts to € 91.40

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?


Euro (EUR) in the markets

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.

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 USD to EUR exchange rate and trend for the previous 3 months:

ALERT:1-DAY0.7% 🔔|
USD/EUR at 0.9142 was trading 0.7% above AVG:0.9074 with LO:0.8739 and HI:0.9381 (90 days). ALERT: Today USD/EUR is DOWN 0.7%
10-APR 8AM-NY 1PM-LON 8PM-HK 10PM-SYD
Booking.com

Travel, Currency and Money saving tips for Monaco

Squeezed into just 200 hectares, Monaco might be the world’s second-smallest country (only the Vatican is smaller), but what it lacks in size it makes up for in attitude. A magnet for high-rollers and hedonists since the early 20th century, it's also renowned as one of the world's most notorious tax havens and home to the annual Formula One Grand Prix.

Despite its prodigious wealth, Monaco is far from being the French Riviera's prettiest town. World-famous Monte Carlo is basically an ode to concrete and glass, dominated by high-rise hotels, super yachts and apartment blocks. In dramatic contrast, the rocky outcrop known as Le Rocher, jutting out on the south side of the port, is crowned by a rather charming old town, home to the principality's royal palace.

Monaco.

The official language of Monaco is French. However, the national language is Monegasque, which is spoken by roughly 20 percent of the principality’s population, and is similar to Italian. Italian is also used by many residents, as well as some German. It is easy to get around Monaco with English, with most people working in the tourism industry speaking English.

What currency to use in Monaco?

Monaco uses the euro as its official currency, despite the fact that it is not part of the EU.. There are plenty of ATMs in Monte Carlo where you can withdraw Euros. If you plan on withdrawing money or using your credit card while travelling, don't forget to notify your bank before you go for security purposes and to check what international withdrawal fees may apply to your card. Money is easily changed at airports, hotels, banks, and currency exchange kiosks. There are also currency exchange ATMs, which allows visitors to exchange money, as well as regular ATMs throughout the principality.

How to get around in Monaco?

All the regular transport options are available in Monte Carlo like buses, taxis and hire cars, but they also have something very different. Elevators. People actually take elevators around town. Monte Carlo has a system of free public elevators that takes people from downtown Monte Carlo to nearby districts if you can't be bothered walking. It’s really easy to simply walk around the city. If the winding streets ever tire you though, you can always jump on public elevator, which operate 24 hours a day. Head to the Central Tourist Centre to pick up a map to locate the 7 elevators.

Monte Carlo also has a very efficient bus service that operates 5 different routes that’ll take you to Monaco-Ville, Saint Roman, Casino, Jardin Exotique, Larvotto, Gare, Fontvieille and Hôpital.

The solar-powered Bateau Bus sails back and forth across the harbour between quai Antoine 1er (Monaco Ville) and quai des États-Unis (Monte Carlo). Boats make the four-minute crossing every 20 minutes from 8am to 7.50pm; buy tickets on board (€2) or from machines at the docks (€1.50).

Driving is not the best way to get around Monaco; major thoroughfares are crowded, traffic patterns are convoluted and on-street parking is limited. You're generally better off walking or taking public transport.

Travel tips for Monaco.

Perhaps the attraction that best exemplifies Monaco's capital city is its casino. The building's beaux-arts design was overseen by Charles Garnier, architect of the Paris opera. And likewise, this grand casino also contains the city's opera and ballet. If this complex looks familiar, it's because you may have seen it before in the James Bond films, "Never Say Never Again" and "Goldeneye." It was also the inspiration for the casino in Ian Fleming’s first Bond book, "Casino Royale."

One of Monaco's most popular beaches, Larvotto is a free-to-the-public shore located just a short walk from Monte-Carlo. But like many French Riviera beaches, this one has pebbles rather than sand, so bring some sturdy shoes and be prepared to shell out some euros for a chair rental.

Founded in 1910 by Prince Albert I (also a sea captain), this museum and aquarium are must-sees in Monaco. The prince went on dozens of expeditions, and the exhibits are the fruits of his explorations: For example, the skeleton of a whale featured in the museum’s zoology room. And the aquarium – widely considered one of the best in Europe – contains more than 90 tanks, one of which is a shark lagoon.

 

Travel money for Monaco

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 Provider Amount EUR(€) Exchange RateFee USDDeal Links
U.S. Bank Foreign Currency
U.S. Bank logo
855.60
6.4%
Compare
0.85560
Banks - Average Rate
U.S. Bank logo Wells Fargo Bank logo
847.05
7.34%
€8.55 less
0.8556U$10
Wells Fargo Bank logo
838.49
8.27%
€17 less
0.8556U$20
Travelex Online US logo
836.00
8.54%
€20 less
0.8360^
 
U.S. Bank logo
U.S. Bank: Travel Money USD→EUR
From Amount (USD)U$1,000
Fee:0
Exchange Rate:0.8556 (6.4% from mid-rate)
To Amount (EUR)855.60
Total Cost:6.4%
Time:6:02 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 
Banks - Average Rate
Travel Money USD→EUR
From Amount (USD)U$1,000
Fee:U$10 USD (1%)
Exchange Rate:0.7998 (12.5% from mid-rate)
To Amount (EUR)847.05
Total Cost:7.34%
Currency Services:Branch
Delivery/Collect:-
 
Wells Fargo Bank logo
Wells Fargo Bank: Travel Money USD→EUR
From Amount (USD)U$1,000
Fee:U$20 USD (Minimum fee)
Exchange Rate:0.8556 (6.4% from mid-rate)
To Amount (EUR)838.49
Total Cost:8.27%
Time:6:02 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 
Travelex Online US: Travel Money USD→EUR
From Amount (USD)U$1,000
Fee:$0 - No fees for Debit & Credit Cards
Exchange Rate:0.836 (8.54% from mid-rate)
To Amount (EUR)836.00
Total Cost:8.54%
Time:
Rate Fetched: Fri Apr 10 2020 06:00:04 GMT+0000 (UTC)
Currency Services:FREE Home delivery & Branch pickup
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
 
Snapshot 04/10/2020 - View latest rates

Monaco Trip Checklist    

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

Sending money to Monaco

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

Can foreigners buy property in Monaco?

A new register disclosing to true beneficiaries of companies that own Monaco property will remove confidentiality.

The major tax break for people who own property in this way disappeared in 2011 when the rule exempting sales of property owned by foreign entities from sales tax (up to 9%) was withdrawn.

What are benefits of Monaco residential tax status in Monaco?

Residents are also having to work harder to prove they deserve Monaco's beneficial residential tax status which includes in most cases zero tax on income and on capital gains accrued abroad.

Anyone applying for, or renewing, their visa is facing more stringent checks to utilities and local expenditure to check that they actually live in Monaco.

What prime property does $US1m buy in Monaco?

The area (㎡) of prime property that $US1million buys in Monaco (Q1 2018) is a very small and cozy 15㎡.

This is compared to equivalent areas for Hong Kong 22㎡, New York 25㎡, London 27㎡, Singapore 37㎡, Paris 45㎡, Shanghai 50㎡, Los Angeles 58㎡, Tokyo 70㎡, Berlin 74㎡, Miami 78㎡, Mumbai 94㎡, Istanbul 110㎡, Dubai 138㎡ and San Paulo 172㎡.

Average prime sale prices in the last year were roughly 41,000 euros per square metre nearly, three times the average price for New York.


Get a better deal for foreign transfers to Monaco

When sending money to Monaco 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 Monaco.

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
XE logo
9,027
1.25%
Best Overall
0.90270
OFX logo
9,068
0.8%
€41 more
0.90680^
Wells Fargo Bank logo
8,761.2
4.15%
€266 less
0.877718
HSBC logo
8,754.85
4.22%
€272 less
0.8768U$15
Banks - Average Rate
U.S. Bank logo Bank of America logo HSBC logo Wells Fargo Bank logo
8,701
4.81%
€326 less
0.875215
U.S. Bank International Money Transfers
U.S. Bank logo
8,644.68
5.43%
€382 less
0.8732U$100
Bank of America International Money Transfers
Bank of America logo
8,644.68
5.43%
€382 less
0.8732U$100
 
XE: Foreign Transfer USD→EUR
From Amount (USD)U$10,000
Fee:
Exchange Rate:0.9027 (1.25% from mid-rate)
To Amount (EUR)9,027
Total Cost:1.25%
Time:6:02 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 3.5/5.0
Reviews:
 
OFX: Foreign Transfer USD→EUR
From Amount (USD)U$10,000
Fee:0^ - No fees for BestExchangeRates users (normally $12 for smaller transfers)
Exchange Rate:0.9068 (0.8% from mid-rate)
To Amount (EUR)9,068
Total Cost:0.8%
Difference:
€41 EUR more than using XE
Time:
Rate Fetched: 6:02 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 
Wells Fargo Bank logo
Wells Fargo Bank: Foreign Transfer USD→EUR
From Amount (USD)U$10,000
Fee:18
Exchange Rate:0.8777 (3.98% from mid-rate)
To Amount (EUR)8,761.2
Total Cost:4.15%
Difference:
€266 EUR less than using XE
Time:6:02 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
HSBC logo
HSBC: Foreign Transfer USD→EUR
From Amount (USD)U$10,000
Fee:U$15 USD (.15%)
Exchange Rate:0.8768 (4.08% from mid-rate)
To Amount (EUR)8,754.85
Total Cost:4.22%
Difference:
€272 EUR less than using XE
Time:6:02 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Banks - Average Rate
Foreign Transfer USD→EUR
From Amount (USD)U$10,000
Fee:15
Exchange Rate:0.8714 (4.67% from mid-rate)
To Amount (EUR)8,701
Total Cost:4.81%
Difference:
€326 EUR less than using XE
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 
U.S. Bank logo
U.S. Bank: Foreign Transfer USD→EUR
From Amount (USD)U$10,000
Fee:U$100 USD (1%)
Exchange Rate:0.8732 (4.47% from mid-rate)
To Amount (EUR)8,644.68
Total Cost:5.43%
Difference:
€382 EUR less than using XE
Time:6:02 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Bank of America logo
Bank of America: Foreign Transfer USD→EUR
From Amount (USD)U$10,000
Fee:U$100 USD (1%)
Exchange Rate:0.8732 (4.47% from mid-rate)
To Amount (EUR)8,644.68
Total Cost:5.43%
Difference:
€382 EUR less than using XE
Time:6:02 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Snapshot 04/10/2020 - View latest rates

Euro to US Dollar - Historical Rates

PeriodChange*EUR/USDDate
1 Day+0.6%1.086008 Apr 2020
7 Day+0.8%1.084602 Apr 2020
30 Day-3.4%1.131410 Mar 2020
3 Month-1.7%1.112110 Jan 2020
1 Year-3.1%1.127610 Apr 2019
5 Year+3.1%1.060011 Apr 2015
10 Year-19.5%1.358412 Apr 2010

*For period to 09-Apr 21UTC when EUR/USD was 1.0929

Euro to Pound Sterling - 10 Year History

PeriodChange*EUR/GBPDate
7 Day+0.2%0.875302 Apr 2020
30 Day0%0.876710 Mar 2020
3 Month+3%0.851210 Jan 2020
1 Year+1.8%0.860910 Apr 2019
5 Year+21%0.724411 Apr 2015
10 Year-0.8%0.883512 Apr 2010

*For period to 09-Apr 21UTC when EUR/GBP was 0.8768

Euro to Australian Dollar - Historical Rates

PeriodChange*EUR/AUDDate
1 Day-1%1.742308 Apr 2020
7 Day-3.6%1.788302 Apr 2020
30 Day-1%1.742210 Mar 2020
3 Month+7%1.611410 Jan 2020
1 Year+9.6%1.573510 Apr 2019
5 Year+25%1.379711 Apr 2015
10 Year+17.8%1.463012 Apr 2010

*For period to 09-Apr 21UTC when EUR/AUD was 1.7241


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