East Timor - US dollar - Currency Guide

General Currency Info - US dollar

Read our Guide to the US dollar currency.

USD Forecasts and Trends

The USD had a strong month in September, outperforming all the G10 currencies. The gains can be attributed to more ‘hawkish’ commentary from the US Federal Reserve, especially in comparison to the European Central Bank.

According to OFX the USD trend for October is unclear.

Travel, Currency and Money saving tips for 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.

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.

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.

Travel money for East Timor

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.

Send Money to East Timor - Best Rates

To get a good (and fair) exchange rate when sending money to East Timor 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.

Get a better deal for foreign transfers to East Timor

When sending money to East Timor 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 East Timor.

Use the above Send to US dollar 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!