Foreign exchange guide to Montserrat and the East Caribbean Dollar (XCD)
What's in this Montserrat currency guide?
XCD News, Forecasts and Trends
The below interactive chart shows the USD to XCD exchange rate, trend and recent alerts for the last 90 days.
no alerts
USD to XCD was steady at the 90-day average 2.7026. There are no current rate alerts.
Frequently Asked Questions
What currency should I use in Montserrat?
The domestic currency in Montserrat is the East Caribbean Dollar.
What is the East Caribbean Dollar currency code and symbol?
The three letter currency code for the East Caribbean Dollar is XCD — symbol is X$.
Which countries use the East Caribbean Dollar?
It is the domestic currency in Anguilla, Antigua and Barbuda, Dominica, Grenada, Montserrat, Saint Kitts and Nevis, Saint Lucia and Saint Vincent and The Grenadines.
Is the East Caribbean Dollar a closed currency?
No, the East Caribbean Dollar is freely available and convertible. See guide: What is a closed currency?
Travel, Currency and Money saving tips for Montserrat
Travel money for Montserrat
Save money and time by Ordering your East Caribbean Dollars online from Travelex, you get better rates and can pick up the XCD 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 East Caribbean Dollars otherwise you may get much worst exchange rates.
Sending money to Montserrat
When searching around for information on how to get a good exchange rate when sending money to Montserrat you need to start with finding out the latest East Caribbean 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).
Get a better deal for foreign transfers to Montserrat
When sending money to Montserrat 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 :
- Open an account with a BER reviewed FX provider (id docs may be required)
- You specify the local or East Caribbean Dollar amount you want to transfer
- Make a local currency domestic transfer for the requested amount to the provider's bank account in your country
- Once your funds are received by the provider the converted XCD amount will be transfered to the recipient account you specify in Montserrat.
Use our Send to East Caribbean 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 East Caribbean Dollars deposited into the recipient bank account and less margins and fees kept by the banks!