Currency in Saint Kitts and Nevis: XCD Send & Spend FX Guide
Resources for Expats, Travelers, and Entrepreneurs Navigating Life and Trade in Saint Kitts and Nevis with the East Caribbean dollar.
What's in this Saint Kitts and Nevis currency guide?
What currency is used in Saint Kitts and Nevis?
The official currency of Saint Kitts and Nevis (country code: KN) is the East Caribbean dollar, with symbol EC$ and currency code XCD.
What is a good East Caribbean dollar exchange rate?
The BestExchangeRates.com currency comparison table below helps you see the total cost of your currency transaction by showing the exchange rates offered by different providers. It also makes it easy to spot potential savings from market-leading FX services compared to bank rates.
To see a full list of rates, enter your transaction type, currencies and amount then click ‘GET RATES’:
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Good things to know about the East Caribbean dollar
Here are a few things to know about the XCD:
The XCD is pegged to the US dollar at a rate of 2.7 XCD to 1 USD, meaning that the value of the XCD is directly tied to the value of the US dollar.
The XCD is divided into 100 cents. Coins come in denominations of 5, 10, 25, and 50 cents, as well as 1 dollar. Banknotes are available in denominations of 5, 10, 20, 50, and 100 dollars.
The East Caribbean Central Bank (ECCB) issues the XCD and is responsible for maintaining the currency's stability. The ECCB also oversees the financial system in the countries that use the XCD.
The XCD is widely accepted in the countries that use it as their official currency and is also accepted in some other Caribbean countries, but it may be less widely accepted in other countries.
Some shops and restaurants in the tourist areas may accept US dollars, but it's good to have local currency in case the merchant don't accept the USD or if they charge a higher rate for USD.
There are some restrictions on the amount of XCD that can be brought into or taken out of the countries that use it, so it's always good to check before you travel.
In some countries, you can use a credit card or debit card, but in rural areas, cash is king. Some ATMs in rural area might not accept foreign cards, so it's always good to have cash.
Recently, the Eastern Caribbean Central Bank introduced plastic notes in an interesting vertical format.
For more XCD information check out our selection of East Caribbean dollar news and guides.
Frequently Asked Questions
What currency should I use in Saint Kitts and Nevis?
The domestic currency in Saint Kitts and Nevis 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 EC$.
What does the East Caribbean dollar look like?
Here is an example East Caribbean dollar banknote:
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?
What are equivalent amounts of USD and XCD?
Here are some popular conversion amounts for USD to XCD (US dollar to East Caribbean dollar)*.
| USD | XCD |
|---|---|
| $ 370.00 | EC$ 1,000 |
| $ 1,850 | EC$ 5,000 |
| $ 7,400 | EC$ 20,000 |
| $ 37,000 | EC$ 100,000 |
More amounts
*Converted at the current USDXCD interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
Travel money for Saint Kitts and Nevis
Using Wise for East Caribbean dollar travel money is a smart choice for savvy travelers. With its competitive exchange rates and low fees, Wise allows you to convert and manage multiple currencies effortlessly.
Be careful when using your own bank's Debit/Credit Card, as your bank may also charge an extra 3% as an “Overseas Transaction Charge” plus “Overseas ATM” fees for withdrawing cash on top of the standard Visa/Mastercard 2.5% from market mid-rate.
For card purchases, if you are offered a choice of currencies always select to Pay in East Caribbean dollar otherwise you will typically get much worst dynamic currency conversion (DCC) exchange rates.
If you really want East Caribbean dollar cash before departure, you can save money by ordering online. You generally get better rates and can pick up the XCD cash locally or even on travel day at the airport.
Saint Kitts and Nevis: Travel Guide
Traveling to Saint Kitts and Nevis requires careful financial planning to ensure a smooth and cost-effective experience. Here's a comprehensive guide to help you navigate currency considerations and manage your money effectively during your visit.
Saint Kitts and Nevis is a two-island country located in the Lesser Antilles of the Caribbean Sea. The islands are home to an array of natural attractions including rainforests, beaches, and volcanic peaks. Outdoors activities such as hiking, bird watching, and fishing are popular among travelers. The local cuisine features fresh seafood, fruits, and vegetables. English is the official language, but locals also speak a Creole dialect.
Best things to do and see in Saint Kitts And Nevis
The top things to see and do in Saint Kitts and Nevis include:
• Scuba Diving: With world-class dive sites like Booby Island and Monkey Point, Saint Kitts and Nevis is a top destination for scuba diving.
• Hiking: There are several hiking trails on both Saint Kitts and Nevis, including the volcano hike on Nevis.
• Zip Lining: There are several zip lines on both islands that offer stunning views of the islands.
• Boating and sailing: There are several charter companies that offer boat and sailing tours around the islands.
• Beaches: There are several beaches on both islands, including the famous Frigate Bay Beach on Saint Kitts.
Top Travel tips for Saint Kitts And Nevis
When traveling to Saint Kitts And Nevis, it is important to be aware of the local customs and traditions. Here are some tips to help you enjoy your stay:
• Drink plenty of fluids, especially water, to stay hydrated in the heat.
• Wear loose, breathable clothing to stay cool.
• Apply sunscreen often, especially if you plan to spend time outdoors.
• Avoid strenuous activity during the hottest hours of the day.
• If you plan to hike or participate in other outdoor activities, be sure to wear appropriate footwear and clothing.
• Be cautious when swimming in the ocean, as there are strong currents and rip currents present.
What's the best way to pay in Saint Kitts And Nevis?
In general, you'll find that credit cards are the most popular and accepted form of payment in Saint Kitts And Nevis. However, it's always a good idea to have some cash on hand for small purchases.
Everyday Costs in in Saint Kitts and Nevis
How much does it really cost to live, work, or travel in Saint Kitts and Nevis? Here's what to expect for daily expenses and expat living.
Currency Guide: St. Kitts and Nevis (ISO Code: KN)
For travelers planning a week-long mid-range stay in St. Kitts and Nevis, budgeting around XCD 4,500 (approximately USD 1,600) should be sufficient for a comfortable experience. The daily expenses can vary based on preferences, but here are some typical costs you can expect:
- 🍽️ Meal at a local restaurant: XCD 50
- ☕ Coffee: XCD 15
- 🚌 Public transport fare: XCD 5
- 📱 Prepaid SIM card: XCD 100
- 🏨 Budget hotel or Airbnb: XCD 250 per night
Overall, St. Kitts and Nevis can be considered average in terms of costs compared to the United States, where similar travel might set you back an additional 20-30% on dining and lodging. When compared to the UK, you will find that expenses are comparatively lower, especially when it comes to local food and transportation costs, making St. Kitts kind on the wallet for discerning travelers.
Living Costs for Expats in St. Kitts and Nevis
For expats considering a move to St. Kitts and Nevis, the typical monthly living costs can be estimated at around XCD 7,000 (approximately USD 2,600), covering rent, utilities, groceries, and transportation. A one-bedroom apartment in a city center could cost about XCD 1,800, while monthly utilities may run around XCD 400.
When managing your finances, it's advisable to use local banking facilities for everyday transactions as well as international services like Wise or OFX for transferring funds. Using a local bank card is convenient, but be sure to check foreign transaction fees before making purchases. If you need to exchange money, it's generally better to use online transfer services to secure competitive exchange rates, particularly for larger transactions. In peak tourist spots, you might find better rates online than at the airport or local currency exchange counters.
USD/XCD Market Data
The below interactive chart displays the USD/XCD change and UP📈 DOWN📉 trends over the past 1 Year.
Recent East Caribbean dollar Market News
The East Caribbean dollar (XCD) is fixed to the US dollar (1 XCD = 0.37 USD, US$1 = EC$2.70) so the XCDUSD exchange rate should not fluctuate very much.
For more XCD information read our News and guides to the East Caribbean dollar.
Send Money to Saint Kitts and Nevis - Best Rates
To get a good (and fair) exchange rate when sending money to Saint Kitts and Nevis 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 Saint Kitts and Nevis
When sending money to Saint Kitts and Nevis 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 Saint Kitts and Nevis.
Use the above 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 dollar deposited into the recipient bank account and less margins and fees kept by the banks!
Managing money while living and working in Saint Kitts and Nevis
Managing your money effectively while living and working abroad can be challenging, but there are several steps you can take to ensure that your finances are in order.
Understand East Caribbean dollar currency exchange rates: Exchange rates can have a big impact on your finances, so it is important to keep an eye on the XCD exchange rate and consider using a money transfer specialist or a credit card that does not charge foreign transaction fees to get the best exchange rate.
Use a local East Caribbean dollar bank account: A local XCD bank account can make it easier for you to manage your finances and pay bills while you are in Saint Kitts and Nevis. It may also be more convenient to use a local XCD bank account to make purchases and withdraw cash.
Research local laws and regulations: It is important to understand the local laws and regulations that apply to financial transactions in Saint Kitts and Nevis. This can help you avoid legal issues and ensure that you are complying with local requirements.
Consider the tax implications: It is important to understand the tax implications of living or doing business in Saint Kitts and Nevis. This can help you plan your finances and ensure that you are paying the correct amount of tax.
Seek financial advice: If you are unsure of how to manage your finances in Saint Kitts and Nevis, it is a good idea to seek the advice of a financial professional who is familiar with the local financial system. This can help you make informed decisions and avoid financial pitfalls.
We have put together some key points to help managing your money effectively, you can reduce financial stress and enjoy your experience living or doing business in Saint Kitts and Nevis.
How is the cost of living in Saint Kitts And Nevis?
The cost of living in Saint Kitts And Nevis is relatively high. Expenses such as accommodation, food, and transportation can be expensive.
How is the expat life in Saint Kitts And Nevis?
There is no definitive answer to this question as everyone's experience will be different. However, in general, expats tend to find Saint Kitts and Nevis to be a very hospitable and welcoming place to live. The majority of locals are friendly and helpful, and there is a strong sense of community among the expat community. There are also a number of organisations and groups which cater specifically to expats, so it should be relatively easy to find like-minded people to socialise with.
Any laws in Saint Kitts And Nevis that foreigners should be aware of?
There are a few laws in Saint Kitts And Nevis that foreigners should be aware of, such as the requirement to obtain a visa before entering the country, and the need to have a valid passport and return ticket. Additionally, it is important to note that Saint Kitts And Nevis has a zero tolerance policy towards drugs, and possession of even a small amount of drugs can lead to a prison sentence.
What is doing business like in Saint Kitts And Nevis?
The business environment in Saint Kitts and Nevis is generally good. The government is supportive of businesses and there is a low level of corruption. However, the process of starting a business can be slow and cumbersome.
How is the economy in Saint Kitts And Nevis?
The economy of Saint Kitts and Nevis is a service-based economy with tourism and finance as the main industries. The government is the largest employer, followed by the tourism and construction industries.