Foreign exchange guide to El Salvador and the US Dollar (USD)
Read our Guide to the US dollar currency.
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.
Goldman Sachs and RBC Capital forecast a large drop for US dollar against Japanese Yen to continue with a USD/JPY rate of 95 in the near future.
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 below interactive chart shows the USD to EUR exchange rate, trend and recent alerts for the last 90 days.
|U$ 1||€ 0.9104|
|U$ 5||€ 4.5520|
|U$ 10||€ 9.1040|
|U$ 20||€ 18.21|
|U$ 50||€ 45.52|
|U$ 100||€ 91.04|
|U$ 250||€ 227.60|
|U$ 500||€ 455.20|
|U$ 1,000||€ 910.40|
|U$ 2,000||€ 1,821|
|U$ 5,000||€ 4,552|
|U$ 10,000||€ 9,104|
|U$ 50,000||€ 45,520|
|U$ 100,000||€ 91,040|
The domestic currency in El Salvador is the US Dollar.
The three letter currency code for the US Dollar is USD — symbol is U$.
No, the US Dollar is freely available and convertible. See guide: What is a closed currency?
El Salvador suffers horribly from bad press. While gang violence still dominates international headlines – and keeps so many adventurous travelers at bay – the vast majority of this beautiful country remains untouched by 'the troubles.'
Those visitors who do make the effort are invariably impressed by the warm welcome they receive and by just how much this tiny country has to offer: world-class surfing on empty, dark-sand beaches; coffee plantations clinging to the sides of volcanoes; pretty flower-filled villages with buildings splashed by murals; and sublime national parks. There are few crowds outside the capital, San Salvador, which itself has more swagger than its Central American counterparts.
San Salvador is a great getaway to explore nearby attractions. The city itself is very busy with constant traffic and people rushing somewhere, so you feel like you want to escape the noise. Take the opportunity however and discover San Salvador downtown with many historical buildings, including the National Palace, National Theatre, the Cathedral and the Plaza Libertad.
The unit of currency in El Salvador is the U.S. dollar. The country made the switch from its native colón in 2001, and colónes have been phased out since 2004. Small-town tiendas rarely have change for a $20, so get small bills whenever you can. ATMs, known as cajeros automáticos, can be found in all major cities but are hard to come by in rural towns. Even when a smaller town has an ATM, it may not accept your card -- stock up on cash when you can.
Bank machines accept most major card networks, such as Cirrus, PLUS, Visa, and MasterCard. Credit cards are accepted mainly only in the larger hotels, restaurants, and shops. Sometimes, you get lucky in the most unexpected places, but generally, small shops or restaurants in villages are solo efectivo, or cash only. Those that accept credit cards usually take American Express, Diners Club, Visa, and MasterCard.
Flying within El Salvador is neither cost effective nor easily accessible. Some well-heeled execs fly private planes between San Miguel and San Salvador, and Puerta Barillas in Bahía de Jiquilisco has a helicopter pad, but most folk here stay grounded. There are no trains in El Salvador.
Hypercolored American school buses run frequently to points throughout the country and are very cheap (US$0.25 to US$5). Some weekend fares increase by up to 25%. Routes to some eastern destinations have different categories: ordinario, especial and super especial. The last two options cost more, but they are faster and more comfortable. Most intercity bus services begin between 4am and 5am and end between 6pm and 7pm.
Most roads in El Salvador are paved, but traffic is not easy to negotiate and roads are not particularly well signed. Police set up checkpoints, especially on roads to border crossings. Carjacking is a problem, as is getting parts stolen off your parked car. Don’t drive alone in areas of ill repute and always park in safe places. Car insurance is a good idea, but not required. Rental cars are available in San Salvador and San Miguel and can be delivered elsewhere.
Cycling is popular in El Salvador, both as a recreational activity and means of transport. In San Salvador, a good point of contact is cycling enthusiasts Ciclistas Urbanos. They can provide information about the Cicleada Urbana Nocturna, a weekly Thursday-night group-cycling event in the capital. Mountain-biking is possible near Perquín in Morazán – ask at Perkin Lenca or Serafin Tours.
Santa Ana is El Salvador’s biggest and most active volcano. The volcano climb offers beautiful panoramic views of the neighbouring towns. The highlight of the entire hike is undoubtedly the magnificent turquoise lake sitting in the centre of the crater. Hire a tour guide from the bottom who will take you on a guided 4 hour round trip tour to the crater. Tours usually start at 10-11 am every morning.
This crystal blue crater lake was created over 70 thousand years ago. Most of the shoreline, owned by Salvadorian elite, makes the place peaceful and perfect to relax at. The dramatic beauty of the 6 km wide caldera is undoubtedly worth a visit. You can access the lake by renting a boat or from surrounding it hotels such as the Cardedeu Hotel.
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.
When searching around for information on how to get a good exchange rate when sending money to El Salvador you need to start with finding out the latest US Dollar foreign-transfer exchange 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 here).
When sending money to El Salvador 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 our 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!