Foreign Exchange Guide to Bolivia
In this guide we review :
- Bolivian boliviano info - general info about the Bolivian boliviano
- Travelling in Bolivia - currency & money saving tips
- Buying Bolivian boliviano cash online - travel money for Bolivia
- Sending money to Bolivia - save on Bolivian boliviano bank transfers to Bolivia
- Bolivian boliviano exchange rates - latest info & charts.
Bolivian boliviano (BOB) general currency information
Bolivia currency and money saving tips
In Bolivia, as with most countries in South America it is often a good idea to travel with a combination of currencies to have along with your credit card. Sometimes foreign cards may not be accepted at ATMs and often cash is the only way to pay so have some local currency and some US dollars on hand as well as you can generally pay with USD everywhere. However in some cases the only ATM's that give USD are at airports and major banks. Small towns may not have ATM's at all. Make a point to check your bank account for strange withdrawals as cards get skinned fairly often. Be sure to have travel insurance when traveling in South America, you could consider choose a credit card that comes with complimentary travel insurance.
On entry to Bolivia border agents may or may not request a yellow-fever vaccination certificate. This could be taken care of at the border but it's definitely better to have it taken care of at home. Some bordering countries may require a certificate when coming from Bolivia also. Sometimes a small unofficial 'fee' may be applied, it can just be worth it to pay up to avoid complications.
The most pleasant time to head to Bolivia is between March and October as other months can be considered rainy season.
Bolivia Trip Checklist
Travel money for Bolivia
Save money and time by Ordering your Bolivian boliviano online from Travelex, you get better rates and can pick up the BOB 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 Bolivian boliviano otherwise you may get much worst exchange rates.
Sending money to Bolivia
When sending money to Bolivia 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 3 simple steps :
- Open an account with a BER reviewed FX provider (id docs may be required)
- You specify the local or Bolivian boliviano 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 BOB amount will be transfered to the recipient account you specify in Bolivia.
By comparing the 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 Bolivian boliviano deposited into the recipient bank account in Bolivia and less margins and fees kept by the banks!