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Foreign Exchange Guide to Reunion

Read this currency guide to Reunion with money transfer and travel tips.   [USD/EUR=0.8859]

Reunion
Country Code:
RE
Domestic Currency:
Euro
Symbol - Code:
€ EUR
Telephone Prefix:
+262

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


In this Reunion 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 Reunion - currency & money saving tips
  4. Buying Euro cash online - travel money for Reunion
  5. Sending money to Reunion - save on Euro bank transfers to Reunion
  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 is heading higher, experts said in November.

Increasingly, complications over Brexit are seen to be a UK problem; less so for the euro area.

With this in mind, and despite disappointing economic data of late, Citibank is confident of a long-term move in EUR/USD to $1.3, from $1.139 at the time of this report (November-21). “Underpinned by the less accommodative policies of the ECB,” the euro will most likely achieve this target, which represents a 14 percent gain, before the end of 2019, Citi has said.

Relative to the pound, the euro had recovered in the days leading up to this report into the £0.89s, from the mid-£0.86s. With political turmoil in the UK, there is room for the exchange rate to reach £0.92 in the months ahead, a Nordea Markets analyst believes. A return to £0.92 would take EUR/GBP back to levels not seen since September 2017.

For EUR/CHF, which averaged Fr1.137 in the weeks leading up to this report, a 5.5 percent rise to Fr1.2 is due sometime within the next 6-12 months, per analysts at Danske Bank.

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 Reunion

 

Reunion holds a multitude of records and notable features that should have made it world famous. Instead, it remains an undiscovered secret among all but the French, who claim it as a part of their own country. This volcanic island is covered in large craters. So large, in fact, that entire villages can be found inside them. A visit to Cirque de Cilaos caldera, taking the one road in and out of the crater, offers a glimpse into a completely different world to the beaches and cliffs of the coastline. Inside, the climate changes completely, the temperature dropping and rocky scrub giving way to lush rainforest interspersed with spectacular waterfalls.

How do I get around in Reunion?

Réunion's major towns and many of the little ones in between are linked by bus, as there are no trains operating on Réunion.. The island's bus service is known as Car Jaune (www.carjaune.re) and has distinctive yellow buses. The main bus station is on Blvd Lancastel on the St-Denis seafront. Buses on most routes run between about 6am and 7pm, with a limited number of services on Sunday. You can pay the driver as you board. To get the bus to stop, you ring the bell or clap your hands twice loudly.

Car Jaune provides regional minibus services for several areas on the island; they run from St-Benoît, St-Joseph, Ste-Rose, St-Leu and St-Paul. These convoluted local routes can be fairly confusing, particularly if you don't speak much French. There is no boat network in Réunion.

Taxis are available, but with the relative lack of other transportation in Réunion, they can be rather expensive. It is not uncommon to be asked to pay outrageous prices, especially at night. Nevertheless, taxis are a reliable and safe way to get around cities like Saint-Denis. Even though boats are not frequently used to get around the island, getting to the island of Réunion by boat is possible. The ferries from Mauritius Trochetia and Mauritius Pride depart from the island of Mauritius several times a week, stopping at both Madagascar and Réunion during their journeys.

Travel tips for Reunion.

Putting even Hawaii to shame, the infrastructure on Reunion is incredible. The wide roads are smooth, straight and fast. Although the traffic in the island's main town can be quite bad, once you're outside the city you can zoom about at speed, on smooth modern roads. Saint-Denis, the island's capital, has a population of 158,139. This makes it the 21st largest French city. With its French colonial architecture and lush gardens, it could give Singapore a run for its money in terms of being a green, clean and manicured island city. This French overseas territory offers a fascinating jumble of Creole, African, Indian, Chinese and French influences that was created by centuries of immigration, and there's a casual multi-ethnic atmosphere. Cultural diversity forms an integral component of the island's social fabric. There's a wealth of architectural treasures, historic sites, delightful religious and colonial buildings and vibrant festivals that are a great occasion to immerse oneself in local culture.

 

Travel money for Reunion

 

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.

 

Compare USD to EUR Travel Money Exchange Rates vs the Banks

ProvidersAmount EUR(€)Exchange RateFee USDTotal CostReviewsDeal Links
Wells Fargo Bank logo
829.28 EUR
Top Provider
0.8462$206.38%
U.S. Bank
U.S. Bank logo
829.20 EUR
EUR0.08 less
0.829206.39%
Average Rate:
Banks - Average Rate
U.S. Bank logo Wells Fargo Bank logo
829.24 EUR
EUR0.04 less
0.8377$106.39%
Travelex Online US logo
799.10 EUR
EUR30 less
0.79910^9.79%
 
Wells Fargo Bank: Travel Money USD→EUR
USD amount:$1,000 USD
Fee:$20 USD (Minimum fee)
Exchange Rate:0.8462 (4.47% from mid-rate)
EUR amount:829.28 EUR
Total Cost:6.38%
Time:12:07 Local
Rating:
: /5.0
Reviews:
U.S. Bank: Travel Money USD→EUR
USD amount:$1,000 USD
Fee:0
Exchange Rate:0.8292 (6.39% from mid-rate)
EUR amount:829.20 EUR
Total Cost:6.39%
Time:12:07 Local
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:0.7751 (12.5% from mid-rate)
EUR amount:829.24 EUR
Total Cost:6.39%
Travelex Online US: Travel Money USD→EUR
USD amount:$1,000 USD
Fee:$0 - No fees for Debit & Credit Cards
Exchange Rate:0.7991 (9.79% from mid-rate)
EUR amount:799.10 EUR
Total Cost:9.79%
Time:
Rate Fetched: Fri Dec 14 2018 10:00:04 GMT+0000 (UTC)
Rating:
 
: 4.3/5.0
Reviews:
 
Sending a LARGER foreign transfer? Shop-around with multiple providers: Get Quotes
Rates @ 12/14/2018.
Total Cost = Fee + exchange rate margin vs USD/EUR mid-rate: 0.8858
 

Reunion Trip Checklist    

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

Sending money to Reunion

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

When sending money to Reunion 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 Reunion.

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!

 

Compare USD to EUR Foreign Transfers vs the Banks

ProvidersAmount EUR(€)Exchange RateFee USDTotal CostTransfer SpeedTransfer ServicesReviewsDeal Links
OFX logo
8762.00 EUR
Top Provider
0.87620^1.08%1-2 daysOnline, Bank Account to Bank Account
 
WorldFirst logo
8823.00 EUR
EUR61 more
0.882300.4%1-2 daysOnline, Bank Account to Bank Account
 
Wells Fargo Bank logo
8580.53 EUR
EUR181 less
0.8596183.13%2-3 daysOnline, Branch, Bank Account to Bank Account
HSBC logo
8574.12 EUR
EUR188 less
0.8587$153.2%2-3 daysOnline, Branch, Bank Account to Bank Account
Average Rate:
Banks - Average Rate
Bank of America logo U.S. Bank logo Wells Fargo Bank logo HSBC logo
8521.90 EUR
EUR240 less
0.8572153.79%2-3 daysOnline, Branch, Bank Account to Bank Account
Bank of America
Bank of America logo
8466.48 EUR
EUR296 less
0.8552$1004.42%2-3 daysOnline, Branch, Bank Account to Bank Account
U.S. Bank
U.S. Bank logo
8466.48 EUR
EUR296 less
0.8552$1004.42%2-3 daysOnline, Branch, Bank Account to Bank Account
 
OFX: Foreign Transfer USD→EUR
USD amount:$10,000 USD
Fee:0^ - No fees for BestExchangeRates users (normally $12 for smaller transfers)
Exchange Rate:0.8762 (1.08% from mid-rate)
EUR amount:8762.00 EUR
Total Cost:1.08%
Time:
Rate Fetched: Fri Dec 14 2018 10:02:24 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Online, Bank Account to Bank Account
Rating:
 
: 4.8/5.0
Reviews:
WorldFirst: Foreign Transfer USD→EUR
USD amount:$10,000 USD
Fee:
Exchange Rate:0.8823 (0.4% from mid-rate)
EUR amount:8823.00 EUR
Total Cost:0.4%
Difference:
EUR61 EUR more than using OFX
Time:12:07 Local
Transfer Speed:1-2 days
Services:Online, Bank Account to Bank Account
Rating:
 
: 4.6/5.0
Reviews:
Wells Fargo Bank: Foreign Transfer USD→EUR
USD amount:$10,000 USD
Fee:18
Exchange Rate:0.8596 (2.96% from mid-rate)
EUR amount:8580.53 EUR
Total Cost:3.13%
Difference:
EUR181 EUR less than using OFX
Time:12:07 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Account to Bank Account
Rating:
: /5.0
Reviews:
HSBC: Foreign Transfer USD→EUR
USD amount:$10,000 USD
Fee:$15 USD (.15%)
Exchange Rate:0.8587 (3.06% from mid-rate)
EUR amount:8574.12 EUR
Total Cost:3.2%
Difference:
EUR188 EUR less than using OFX
Time:12:07 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Account to Bank Account
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:0.8534 (3.66% from mid-rate)
EUR amount:8521.90 EUR
Total Cost:3.79%
Difference:
EUR240 EUR less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Account to Bank Account
Bank of America: Foreign Transfer USD→EUR
USD amount:$10,000 USD
Fee:$100 USD (1%)
Exchange Rate:0.8552 (3.45% from mid-rate)
EUR amount:8466.48 EUR
Total Cost:4.42%
Difference:
EUR296 EUR less than using OFX
Time:12:07 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Account to Bank Account
Rating:
: /5.0
Reviews:
U.S. Bank: Foreign Transfer USD→EUR
USD amount:$10,000 USD
Fee:$100 USD (1%)
Exchange Rate:0.8552 (3.45% from mid-rate)
EUR amount:8466.48 EUR
Total Cost:4.42%
Difference:
EUR296 EUR less than using OFX
Time:12:07 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Account to Bank Account
Rating:
: /5.0
Reviews:
 
Sending a LARGER foreign transfer? Shop-around with multiple providers: Get Quotes
Rates @ 12/14/2018.
Total Cost = Fee + exchange rate margin vs USD/EUR mid-rate: 0.8858
 

Popular EUR cross rates


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

DateExchange RatePeriodChange
13 Dec 20181.1355Latest
06 Dec 20181.13771 Week-0.19%
13 Nov 20181.13131 Month+0.37%
16 Jun 20181.16206 Months-2.28%
13 Dec 20171.18371 Year-4.07%
13 Dec 20161.06292 Years+6.83%
14 Dec 20131.37415 Years-17.36%
15 Dec 20081.363910 Years-16.75%

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

DateExchange RatePeriodChange
13 Dec 20180.8996Latest
06 Dec 20180.89021 Week+1.06%
13 Nov 20180.86921 Month+3.5%
16 Jun 20180.87486 Months+2.83%
13 Dec 20170.88271 Year+1.91%
13 Dec 20160.83962 Years+7.15%
14 Dec 20130.84315 Years+6.7%
15 Dec 20080.899010 Years+0.07%

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

DateExchange RatePeriodChange
13 Dec 2018129.0530Latest
06 Dec 2018128.23641 Week+0.64%
13 Nov 2018128.73231 Month+0.25%
16 Jun 2018128.60666 Months+0.35%
13 Dec 2017133.47581 Year-3.31%
13 Dec 2016122.48982 Years+5.36%
14 Dec 2013141.89825 Years-9.05%
15 Dec 2008123.579110 Years+4.43%

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

DateExchange RatePeriodChange
13 Dec 20181.5716Latest
06 Dec 20181.57281 Week-0.08%
13 Nov 20181.56481 Month+0.43%
16 Jun 20181.56066 Months+0.7%
13 Dec 20171.55141 Year+1.3%
13 Dec 20161.41822 Years+10.82%
14 Dec 20131.53335 Years+2.5%
15 Dec 20082.042210 Years-23.04%

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

DateExchange RatePeriodChange
13 Dec 20181.5170Latest
06 Dec 20181.52371 Week-0.44%
13 Nov 20181.49601 Month+1.4%
16 Jun 20181.53456 Months-1.14%
13 Dec 20171.51741 Year-0.03%
13 Dec 20161.39612 Years+8.66%
14 Dec 20131.45595 Years+4.2%
15 Dec 20081.681410 Years-9.78%

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