Foreign Exchange Guide to Trinidad And Tobago
Trinidad and Tobago dollar
In this guide we review :
- Trinidad and Tobago dollar info - general info about the Trinidad and Tobago dollar
- Travelling in Trinidad And Tobago - currency & money saving tips
- Buying Trinidad and Tobago dollar cash online - travel money for Trinidad And Tobago
- Sending money to Trinidad And Tobago - save on Trinidad and Tobago dollar bank transfers to Trinidad And Tobago
- Trinidad and Tobago dollar exchange rates - latest info & charts.
Trinidad and Tobago dollar (TTD) general currency information
Trinidad And Tobago currency and money saving tips
The official currency of Trinidad and Tobago is the Trinidad and Tobago dollar (TT$), divided into one hundred cents. Because Trinidad and Tobago are not known as a tourist destination, Trinidad and Tobago is one of the cheapest Caribbean destinations available. Banking hours vary slightly, but are usually Monday to Thursday 8am–2pm and Fridays 8am–noon and 3–5pm. There are ATMs in all cities and towns, and some machines will dispense in US dollars. ATM machines are usually well-indicated in the larger cities.
Tobago is 23 miles (37 km) northeast of Trinidad. The population here is much less ethnically diverse than that of Trinidad. Tourism is much more a part of the island's economy, and you can find excellent resorts and facilities—along with pretty white-sand beaches. Trinidad is a popular location among yacht owners. Most anchor in the Chaguaramas area on the far northwest side of the island. Taxi cabs are simply normal passenger cars with no special markings. However, their license plates start with the letter H. They are found at Taxi stands which may be at a street corner or at the side of the road. Taxi stands in the cities and boroughs are usually marked, but outside of the city they are not. If planning to go to the other side of the island (Trinidad), get an early start and allow the entire day with nothing important scheduled for the late afternoon. Although the island is not huge, getting somewhere can take longer than you might think.
Trinidad And Tobago Trip Checklist
Travel money for Trinidad And Tobago
Save money and time by Ordering your Trinidad and Tobago dollar online from Travelex, you get better rates and can pick up the TTD 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 Trinidad and Tobago dollar otherwise you may get much worst exchange rates.
Sending money to Trinidad And Tobago
When sending money to Trinidad And Tobago 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 Trinidad and Tobago dollar 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 TTD amount will be transfered to the recipient account you specify in Trinidad And Tobago.
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 Trinidad and Tobago dollar deposited into the recipient bank account in Trinidad And Tobago and less margins and fees kept by the banks!