This is a foreign exchange guide to Saint Barthélemy, the Euro currency plus sending EUR transfers and travel tips.
In this Saint Barthélemy currency guide we take a look at :
- Euro info - general info about the Euro
- Euro in the markets - recent EUR moves and predictions from the FX markets
- Travelling in Saint Barthélemy - currency & money saving tips
- Buying Euro cash online - travel money for Saint Barthélemy
- Sending money to Saint Barthélemy - save on Euro bank transfers to Saint Barthélemy
- Euro exchange rates - latest & historic exchange rates.
- 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 EUR to USD exchange rate and trend for the previous 3 months:
Travel, Currency and Money saving tips for Saint Barthélemy
There’s a reason why celebrities, models, socialites, and It girls consistently retreat to the tropical paradise of St. Barth’s. The island, an overseas collectivity of France, blends the sophistication of St.-Tropez with the laissez-fare Caribbean lifestyle—which means it’s exclusive yet totally unpretentious. Walk into any beachfront restaurant, for instance, and you’ll see well-dressed women with Birkins eating lunch beside sandy, barefoot beachgoers; walk into a club wearing jean cutoffs and no one will raise an eyebrow. It’s a specific brand of laid-back luxury that breeds instant converts. Make one trip, and you’ll find yourself immediately hooked.
With such a dreamlike setting, St-Barth is, unsurprisingly, a destination of choice for the rich, famous and beautiful for its laid-back tempo, luxurious small-scale hotels, designer-label boutiques and outstanding restaurants. But although St-Barth is undeniably an expensive destination, all beaches are accessible, public and free, and activities from surfing, windsurfing and kitesurfing, to sailing, diving and snorkeling are all possible here. If you visit outside of high season, you can score fantastic accommodation deals.
How to get to Saint Barts?
There are no direct flights to St. Barth’s, unless you charter your own plane. If a Puddle Jumper isn’t a possibility, the next best option is flying to Princess Juliana International Airport on the Dutch side of St. Maarten, where, upon landing, you’ll have to choose your own adventure for the final leg: a 15-minute plane ride or a roughly 45-minute ferry crossing. Flying will get you to paradise quickly, but the flight itself—a roughly dozen-seat puddle-jumper—is not for the faint of heart. (The runway in St. Barth’s also happens to be the second shortest in the world). Or there’s the ferry: an incredibly unglamorous but efficient option for nervous flyers.
No cruise ships dock at St-Barth, but a few anchor offshore and launch tenders to Gustavia's ferry terminal. If you're arriving by yacht, you must contact the port office on VHF channel 12 two hours prior to arrival.
Once in St. Barth's there is no public transportation on the island. Many travelers pick up a rental car; there are 20 agents on the island, including Avis and Hertz, though traffic is a major problem on St-Barth and public parking spaces are thin on the ground. There are also 38 licensed taxi drivers. Hotels will be able to call one for you. Taxi fares range from pricey to outrageous, even for short distances. There are no set fares, so prices are all over the board. At minimum, it costs between €15 and €45 from Gustavia to the airport, and between €30 and €60 from Gustavia to Petit Cul-de-Sac. All prices then increase by about 50% between 8pm and 6am and all day on Sunday.
Travel tips for St. Bart's.
One thing St. Barth’s regulars love about the island is the diversity of its beaches. There are 16 of them in total, each with its own distinct personality. As with most of the Caribbean, there is also something called "Island Time". This means that things may actually take a lot longer than one expects. The best way to deal with Island Time is to simply relax and enjoy yourself while you are waiting.
The official currency of St. Barthélemy (St. Barts, St. Barth) is the Euro. However, US dollars and major credit cards are widely accepted throughout the island at local exchange rates. Note that although Visa and MasterCard are widely accepted, many merchants do not accept American Express or Discover cards. A valid passport is required to enter St. Bart’s. This policy has been in place for some time. A visa is not required for US citizens unless you plan to stay for more than 90 days. No visa needed for citizens of the European Union, Canada, Mexico, Brazil, and Israel.
November through June is the best time to visit St. Bart's. From December through April, the sun is especially scorching. December is considered peak season and requires bookings six months in advance. Clouds and showers sometimes interrupt the warm weather, especially during the fall. Avoid the rainy season in September, October, and November, when many establishments close, however during the off-season you can get some great deals for a place that is usually quite expensive.
Travel money for Saint Barthélemy
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.
Saint Barthélemy Trip Checklist
Sending money to Saint Barthélemy
When searching around for information on how to get a good exchange rate when sending money to Saint Barthélemy 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 Saint Barthélemy
When sending money to Saint Barthélemy 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 :
- Open an account with a BER reviewed FX provider (id docs may be required)
- You specify the local or Euro amount you want to transfer
- Make a local currency domestic transfer for the requested amount to the provider's bank account in your country
- Once your funds are received by the provider the converted EUR amount will be transfered to the recipient account you specify in Saint Barthélemy.
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!