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Caribbean Netherlands - US Dollar - Currency Guide

 

Foreign exchange guide to Caribbean Netherlands and the US Dollar (USD)

   

USD/EUR 90-day view

USDEUR at 0.843 is a little below its 90-DAY average, range 0.8378-0.8759.
🔔 USDEUR is at 30-DAY LOWS.
|
Alert:30-DAY LOWS |
 
Recent USD to EUR 90-day trend

General Currency Info - US Dollar

Read our Guide to the US dollar currency.

   

USD News, Forecasts and Trends

Key fundamentals that previously propped up the USD (such as company revenues, inflation rates and interest rates) have been rapidly eroded. However, there are drivers for a temporary shift in risk demand for the US dollar. Nothing goes down in a straight line, and the US dollar might bounce before it continues its trend lower.

The US dollar has dropped steadily for the last 3 months against nearly all major currencies.

However, as reported by Bloomberg Aug 11, the shorting of the US dollar - betting that USD will continue to drop - is becoming a crowded trade and may backfire.

Bank of America predict that an early discovery of a vaccine against the coronavirus would be a positive for the US dollar. That's because Europe and Asia have a higher chance of fresh waves of infections the longer it takes for a vaccine to be found, a scenario that's bullish for the US dollar, read more at the Bloomberg report.

In July market USD forecasts started predicting US dollar weakness during the second half of 2020. This was triggered by the mid-July european leaders delivery a historic stimulus package which was seen by market commentators as positive for the euro and hence negative for US dollar.

In early May the continuing coronavirus pandemic and an associated possible re-escalation in the US-China trade tensions has moved the market into safer currencies such as the USD and JPY.

The US dollar held its value in 2019 despite the US-China trade tensions, mainly because the greenback is still considered a safer currency to own than most others.

For more USD currency market forecasts you can read the full article US Dollar Forecasts. The above interactive chart shows the USD to EUR exchange rate, trend and recent alerts for the last 90 days.

 

U$10,000 USD
=
€8,430 EUR

Converted at USD/EUR interbank rate, compare Send Money and Currency Exchange exchange rates.

US Dollar to Euro - Quick Conversions

USD EUR
U$ 1 0.8430
U$ 5 4.2150
U$ 10 8.4300
U$ 20 16.86
U$ 50 42.15
U$ 100 84.30
U$ 250 210.75
U$ 500 421.50
U$ 1,000 843.00
U$ 2,000 1,686
U$ 5,000 4,215
U$ 10,000 8,430
U$ 50,000 42,150
U$ 100,000 84,300
More amounts
USD EUR
U$ 1.1862 € 1
U$ 5.9310 € 5
U$ 11.86 € 10
U$ 23.72 € 20
U$ 59.31 € 50
U$ 118.62 € 100
U$ 296.55 € 250
U$ 593.10 € 500
U$ 1,186 € 1,000
U$ 2,372 € 2,000
U$ 5,931 € 5,000
U$ 11,862 € 10,000
U$ 59,310 € 50,000
U$ 118,620 € 100,000
More amounts
 

Frequently Asked Questions

 

What currency should I use in Caribbean Netherlands?

The domestic currency in Caribbean Netherlands is the US Dollar.

What is the US Dollar currency code and symbol?

The three letter currency code for the US Dollar is USD — symbol is U$.

Which countries use the US Dollar?

It is the domestic currency in    United States,   East Timor,   Ecuador,   El Salvador,   British Virgin Islands,   US Virgin Islands,   Caribbean Netherlands and Turks and Caicos Islands.

Is the US Dollar a closed currency?

No, the US Dollar is freely available and convertible. See guide: What is a closed currency?

 

Travel, Currency and Money saving tips for Caribbean Netherlands

Travel money for Caribbean Netherlands

Save money and time by Ordering your US Dollars 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 Dollars otherwise you may get much worst exchange rates.

 

Sending money to Caribbean Netherlands

When searching around for information on how to get a good exchange rate when sending money to Caribbean Netherlands you need to start with finding out the latest US Dollar exchange rate for foreign-transfers, which can be very different to the wholesale 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 in the below table.


Get a better deal for foreign transfers to Caribbean Netherlands

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 :

  1. Open an account with a BER reviewed FX provider (id docs may be required)
  2. You specify the local or US Dollar 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 USD amount will be transfered to the recipient account you specify in Caribbean Netherlands.

Use the above Send to US Dollars 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 Dollars deposited into the recipient bank account and less margins and fees kept by the banks!


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