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    Currency in Trinidad and Tobago

    A practical currency and money guide to travel, living and doing business in Trinidad and Tobago and the Trinidad and Tobago dollar (TTD).


    What currency is used in Trinidad and Tobago?

    The official currency of Trinidad and Tobago (country code: TT) is the Trinidad and Tobago dollar, with symbol T$ and currency code TTD.

    Things to know about the Trinidad and Tobago dollar

    Here are some things you might want to know about the Trinidad and Tobago dollar:

    1. The Trinidad and Tobago dollar is the official currency of Trinidad and Tobago. It is represented by the symbol "$" and is abbreviated as TTD.
    2. The Trinidad and Tobago dollar was introduced in 1964, replacing the British West Indian dollar. It is divided into 100 cents.
    3. The physical currency consists of coins and banknotes. The coins come in denominations of 1, 5, 10, and 25 cents, and 1 dollar. The banknotes come in denominations of 1, 5, 10, 20, and 100 dollars.
    4. The banknotes feature images of famous Trinidadian and Tobagonian historical figures, such as Eric Williams and A. N. R. Robinson. The design of the currency is constantly being updated, so the physical appearance of the coins and banknotes may vary slightly over time.
    5. The value of the Trinidad and Tobago dollar has been relatively stable over time, due to the country's strong economic performance and low levels of inflation. The Trinidad and Tobago dollar is pegged to the US dollar at a fixed exchange rate of 1 Trinidad and Tobago dollar = 1 US dollar.

    Travel Ideas and Money Tips for Trinidad and Tobago

    Trinidad and Tobago are an exercise in contradiction. In Trinidad, pristine mangrove swamps and rainforested hills sit side by side with smoke-belching oil refineries and ugly industrial estates. Tobago has everything you’d expect from a Caribbean island, with palm trees and white sand aplenty, yet it’s relatively unchanged by the tourist industry. Combined, this twin-island republic offers unparalleled birdwatching; first-class diving; luxuriant rainforests perfect for hiking, waterfall swimming and cycling; and electric nightlife, with the fabulous Carnival easily the biggest and best of the region’s annual blowouts. But don’t expect anyone to hold your hand. The oil and gas industry leaves tourism low on the priority list, so it’s up to you to take a deep breath, jump in and enjoy the mix.

    What currency to use in Trinidad and Tobago?

    The official currency of Trinidad and Tobago is the Trinidad and Tobago dollar (TT$), divided into one hundred cents. Because Trinidad and Tobago are not known as a tourist destination, Trinidad and Tobago is one of the cheapest Caribbean destinations available. Banking hours vary slightly, but are usually Monday to Thursday 8am–2pm and Fridays 8am–noon and 3–5pm. There are ATMs in all cities and towns, and some machines will dispense in US dollars. ATM machines are usually well-indicated in the larger cities.

    How to get around in Trinidad and Tobago?

    Caribbean Airlines operates the 20-minute flight between Trinidad and Tobago (one way TT$150). The checked baggage weight allowance is one piece at up to 20kg. While it’s wise to book in advance, it is often possible to buy tickets at the airport on the day of departure. Note that flights are often subject to delays and cancellations.

    Fast catamaran ferries make the 2½-hour trip between Queen’s Wharf in Port of Spain, Trinidad, and the main ferry dock in Scarborough, Tobago. It’s a cheap, comfortable way to travel (unless you’re prone to seasickness), with the added bonus of not having to get all the way to Piarco airport. The ferries have a bar, cafeteria and deck, and movies are played in the air-conditioned interior.

    Buses offer travelers an inexpensive way to get around, especially on longer cross-island trips, but can be infrequent and unreliable. For shorter distances, travelers are better off taking maxi-taxis or route taxis.

    Taxi cabs are simply normal passenger cars with no special markings. However, their license plates start with the letter "H". They are found at Taxi stands which may be at a street corner or at the side of the road. Taxi stands in the cities and boroughs are usually marked, but outside of the city they are not. If planning to go to the other side of the island (Trinidad), get an early start and allow the entire day with nothing important scheduled for the late afternoon. Although the island is not huge, getting somewhere can take longer than you might think.

    Maxi-taxis are 12- to 25-passenger minibuses that travel along a fixed route within a specific zone. They’re color-coded by route, run 24 hours, are very cheap and are heavily used by locals. Rides cost TT$3 to TT$12, depending on how far you go. You can flag a maxi at any point along its route, or hop on at the appropriate taxi stand. Keep in mind that, due to their frequent stops, maxi-taxis can take a long time to get from A to B, though in Trinidad maxis that take the Priority Bus Route can be pretty speedy.

    Travel tips for Trinidad and Tobago.

    The population here is much less ethnically diverse than that of Trinidad. Tourism is much more a part of the island's economy, and you can find excellent resorts and facilities—along with pretty white-sand beaches. Trinidad is a popular location among yacht owners. Most anchor in the Chaguaramas area on the far northwest side of the island. Tobago is 23 miles (37 km) northeast of Trinidad.

    The two parts of this twin-island nation in many ways couldn’t be more different. Trinidad, multicultural heartland of the southern Caribbean, is busy, developed and partly industrialised. Port of Spain, its cosmopolitan capital, lays on the Caribbean’s largest and wildest carnival – an amazing spectacle and an intense experience. Trinidad also has some of the world’s best birdwatching, notably in the rainforest at the Asa Wright Nature Centre (where you can stay), and the Caroni Bird Sanctuary swamp, a roosting spot for thousands of scarlet ibises.

    For a laid-back beach holiday, go to Tobago instead. A fraction of the size of its big brother and largely unspoilt, it has lovely golden-sand beaches, along with characterful fishing villages and protected rainforest. The diving is outstanding, especially near Speyside, and Tobago also has an impressively abundant and varied avian population, best spotted in the rainforest and on Little Tobago, a seabird sanctuary.



    Expat Money & Business Guide to Trinidad and Tobago


    Managing your finances in Trinidad and Tobago

    Here we list some key points for expats and businesses to consider when managing financial dealings in Trinidad and Tobago:

    1. Understand Trinidad and Tobago dollar currency exchange rates: Exchange rates can have a big impact on your finances, so it is important to keep an eye on the TTD exchange rate and consider using a currency exchange service or a credit card that does not charge foreign transaction fees to get the best exchange rate.

    2. Use a local Trinidad and Tobago dollar bank account: A local TTD bank account can make it easier for you to manage your finances and pay bills while you are in Trinidad and Tobago. It may also be more convenient to use a local TTD bank account to make purchases and withdraw cash.

    3. Research local laws and regulations: It is important to understand the local laws and regulations that apply to financial transactions in Trinidad and Tobago. This can help you avoid legal issues and ensure that you are complying with local requirements.

    4. Consider the tax implications: It is important to understand the tax implications of living or doing business in Trinidad and Tobago. This can help you plan your finances and ensure that you are paying the correct amount of tax.

    5. Seek financial advice: If you are unsure of how to manage your finances in Trinidad and Tobago, 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.


    USD/TTD – Market Data

    The exchange rate of Trinidad and Tobago dollar (TTD), or the amount of TTD that can be exchanged for a foreign currency, can fluctuate rapidly based on a number of factors, including economic conditions, interest rates, and political events. Below you can check the latest USD/TTD rate plus recent trend, chart, and historic rates.

    1 USD = 6.8076 TTD
    Sell USD  →  Buy TTD
    USD to TTD at 6.8076 is just above its 3-month average of 6.7868, having fluctuated within a 2.4% range of 6.6917-6.8503
    USDTTD :

    10 Mar 2023
    0.7% 2 Week
    24 Dec 2022
    0.3% 3 Month
    24 Mar 2022
    0.1% 1 Year
    25 Mar 2018
    1.3% 5 Year
    26 Mar 2013
    6.1% 10 Year
    29 Mar 2003
    8.9% 20 Year
    USD/TTD historic rates & change to 24-Mar-2023


    Compare Trinidad and Tobago 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 an International Money Transfer to Trinidad and Tobago or planning a trip or maybe living there, so will need to exchange and spend Trinidad and Tobago dollar.

    Loading comparison rates...

    ProviderAmountsRateTotal Cost

    It is important to note that the exchange rate of the Trinidad and Tobago dollar can change rapidly and that past performance is not necessarily indicative of future performance. It is advisable to carefully consider the risks and factors that may affect TTD exchange rates before making any financial decisions.





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