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    Currency in East Timor – US dollar USD

    A practical foreign exchange and currency guide to East Timor

     

    What currency is used in East Timor?

    The official currency of East Timor is the US dollar, with symbol $ and currency code USD.

     

    Things to know about the US dollar

     

     

     

    US dollar – Markets & Rates

    1 USD = 1.0201 EUR
    Sell USD  →  Buy EUR
    USD to EUR at 1.0202 is 2.7% above its 90-day average 0.9934 with range 0.9589-1.0421.
    |
      1 EUR = 0.9803 USD
     
    4-DAY-2.0%1d
    90-DAYHIGH4d


    The strength of the US dollar looks likely to continue when, at the annual Jackson Hole central banker’s getaway, Reserve Chair Jerome Powell said that the US central bank will ‘keep at it’ and is likely to keep raising interest rates to battle surging inflation.

    A clear reflection of this is that the US Dollar index (measure of the USD strength against basket of currencies) is approaching 20 year highs.

     USD Outlook

    DateUSD/EURChangePeriod
    16 Sep 2022
    0.9984
    2.2% 2 Week
    02 Jul 2022
    0.9589
    6.4% 3 Month
    30 Sep 2021
    0.8640
    18.1% 1 Year
    01 Oct 2017
    0.8468
    20.5% 5 Year
    02 Oct 2012
    0.7735
    31.9% 10 Year
    05 Oct 2002
    1.0171
    0.3% 20 Year
    USD/EUR historic rates & change to 30-Sep-2022

     

     

    Compare US dollar Exchange Rates & Fees

    The below comparison table makes it easy to find the best exchange rates and lowest fees when you want to make a Transfer or Spend US dollar.

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    Travelling to East Timor

    The Democratic Republic of Timor-Leste is commonly known as East Timor. One of the world’s newest countries (Timor-Leste became the first new sovereign state of the 21st century on 20 May 2002 when it achieved independence from Indonesia) its tourism industry is still in its infancy. With hardly-touched ‘best-in-the-world’ reefs to dive, dugongs to spot, mountains to climb, and ancient traditions that have survived the ravages of war, Asia’s newest country offers some of the world’s last great off-the-beaten-track adventures. However recent clashes between security services and groups challenging the government mean travel to much of the eastern side of the country is discouraged by both the Timor-Leste and Australian authorities.

    Cristo Rei of Dili atop a summit overlooking the capitol of East Timor.

    What currency to use in East Timor?

    The US dollar ($) is the legal tender in East Timor, all transactions are in dollars. Some Banks and ATMs can be found in Dili but not elsewhere, and Credit cards are mostly not usable so you should carry some local currency with you. East Timor centavo coins were introduced in East Timor in 2003 for use alongside United States Dollar banknotes and coins, which had been introduced in 2000 to replace the Indonesian rupiah following the commencement of U.N. administration. One centavo is equal to one US cent. The coins are in denominations of 1, 5, 10, 25 and 50 centavos and feature pictures of local plants and animals. East Timor does not yet issue its own banknotes.

    How to travel in East Timor?

    East Timor has a hot and humid climate (tropical). November to May is the wet season with the temperatures averaging 30ºC the year round, with temperatures far cooler in higher altitude areas. The wet season can damage the roads in East Timor, making travel difficult to remote district areas during this time. There is a direct bus service daily between Dili and Kupang in West Timor, Indonesia. Journey takes 12 hours.

    East Timor

    There are many land travel minibus services to cater for individuals or groups travel from Dili to Kupang (West Timor) and return. Timor Travel, Paradise Travel, Leste Oeste Travel are few of the minibus companies that provide travel services to several different destinations along the Dili-Kupang route at a very affordable prices. Buses, mostly of the small variety found on remote Indonesian islands, run to most parts of the country and main cities like Dili, Baucau, Maliana, Los Palos and Suai are quite well linked. Indonesian-style bemos (vans) and mikrolets (minibuses) – legacies from its 24-year rule – run from these cities to nearby villages.

    Ferry transport is available between Dili and Oecusse on the Nakroma ferry and Laju Laju car ferry. Compass Charters run daily water-taxi services to/from Ataúro; the Nakroma services Ataúro on Saturday, and the Laju Laju on Thursday. There are no trains in Timor-Leste.

     

    The US dollar is also the domestic currency in 7 other countries.

     

     

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