Foreign exchange guide to Caribbean Netherlands and the US dollar
What's in this Caribbean Netherlands currency guide?
The official currency of Caribbean Netherlands (country code: BQ) is the US dollar, with symbol $ and currency code USD.
Here are a few things you may want to know about the U.S. dollar:
The U.S. dollar is the official currency of the United States and is used for all transactions within the country.
It is abbreviated as "USD": The U.S. dollar is abbreviated as "USD," and the symbol for the dollar is "$."
It is accepted worldwide: The U.S. dollar is a widely accepted currency and can be used for transactions in many countries around the world.
Its value fluctuates: The value of the U.S. dollar can fluctuate based on a variety of economic factors, such as interest rates, inflation, and the strength of the U.S. economy.
It is issued by the Federal Reserve: The U.S. dollar is issued by the Federal Reserve, which is responsible for managing the country's monetary policy. The Federal Reserve is a quasi-independent agency that is responsible for setting interest rates and regulating the money supply in the U.S.
The U.S. dollar is the official currency of several countries outside the United States, including:
East Timor: The U.S. dollar is the official currency of East Timor, a country located in Southeast Asia.
El Salvador: The U.S. dollar is the official currency of El Salvador, a country located in Central America.
Zimbabwe: The U.S. dollar is one of the official currencies of Zimbabwe, a country located in Southern Africa.
The British Virgin Islands: The U.S. dollar is the official currency of the British Virgin Islands, a group of islands located in the Caribbean Sea.
The Marshall Islands: The U.S. dollar is the official currency of the Marshall Islands, a group of islands located in the Pacific Ocean.
The Federated States of Micronesia: The U.S. dollar is the official currency of the Federated States of Micronesia, a country located in the Pacific Ocean.
The physical currency consists of coins and banknotes. The coins come in denominations of 1 cent (¢), 5 cents (nickel), 10 cents (dime), 25 cents (quarter), and 50 cents (half dollar). The banknotes come in denominations of $1, $2, $5, $10, $20, $50, and $100.
The banknotes feature images of famous American historical figures, such as George Washington, Abraham Lincoln, and Benjamin Franklin. The design of the currency is constantly being updated, so the physical appearance of the coins and banknotes may vary slightly over time.
Save money and time by Ordering your US dollar online from Travelex, you get better rates and can pick up the USD 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 US dollar otherwise you may get much worst exchange rates.
The domestic currency in Caribbean Netherlands is the US dollar.
The three letter currency code for the US dollar is USD — symbol is $.
No, the US dollar is freely available and convertible. See guide: What is a closed currency?
|€ 1||$ 1.1000|
|€ 5||$ 5.5000|
|€ 10||$ 11.00|
|€ 20||$ 22.00|
|€ 50||$ 55.00|
|€ 100||$ 110.00|
|€ 250||$ 275.00|
|€ 500||$ 550.00|
|€ 1,000||$ 1,100|
|€ 2,000||$ 2,200|
|€ 5,000||$ 5,500|
|€ 10,000||$ 11,000|
|€ 20,000||$ 22,000|
|€ 50,000||$ 55,000|
|€ 100,000||$ 110,000|
|€ 0.9091||$ 1|
|€ 4.5455||$ 5|
|€ 9.0910||$ 10|
|€ 18.18||$ 20|
|€ 45.46||$ 50|
|€ 90.91||$ 100|
|€ 227.28||$ 250|
|€ 454.55||$ 500|
|€ 909.10||$ 1,000|
|€ 1,818||$ 2,000|
|€ 4,546||$ 5,000|
|€ 9,091||$ 10,000|
|€ 18,182||$ 20,000|
|€ 45,455||$ 50,000|
|€ 90,910||$ 100,000|
To get a good (and fair) exchange rate when sending money to Caribbean Netherlands you need to find and compare exchange rates for International Money Transfers (IMTs).
The available FX rates for sending money abroad can be very different to the mid-market (wholesale) rate which you see reported online and in the News.
You should especially compare your own bank's exchange rates to those available from Money Transfer specialists to see how much you can save - we make that calculation easy in the below table.
When sending money to Caribbean Netherlands 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 :
Use the above 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 US dollar deposited into the recipient bank account and less margins and fees kept by the banks!