Turks and Caicos Islands - US Dollar - Currency Guide

General Currency Info - US Dollar

Read our Guide to the US dollar currency.

USD News, Forecasts and Trends

Most banks and forecasters expect the down trend for USD to continue, along with an increase in volatility, with some predictions of a 20 per cent or more fall for the greenback in 2021.

Get more details in the article US Dollar Forecasts.

For more USD currency market forecasts you can read the full article US Dollar Forecasts. The above interactive chart shows the USD to EUR exchange rate, trend and recent alerts for the last 90 days.

Travel, Currency and Money saving tips for the Turks and Caicos Islands

The Turks and Caicos are a chain of 40 islands that include Providenciales (the most populated island) as well as Grand Turk, Middle Caicos, South Caicos, and more. There are two airports—on Providenciales and Grand Turk—but most travelers fly in to Providenciales. For trips to the other islands, charter a boat or go with an operator like Silver Deep or Island Vibes. The Caicos Islands include some of the most popular tourist areas. The main destination for visitors is Providenciales, also known as Provo, which has the only 18-hole golf course on the islands and some laid-back casinos. Most hotels in Provo line the phenomenal Grace Bay.

The Turks Islands lie several miles southeast of the Caicos Islands. They are much smaller than the Caicos Islands, and more low-key. Grand Turk, home to the islands' capital, is a sleepy spot that offers plenty of island culture and history.

With the motto "Beautiful by Nature," its really no wonder why the islands' tourism marketing push centers on Turks and Caicos' quiet, natural beauty. Because of the islands' laid-back and slow-paced nature, you won't find nightlife comparable to Aruba or Barbados, but beach shacks and bars remain open for evening entertainment -- island-style.

Can I use Credit Cards on the Turk and Caicos Islands?

Credit card acceptance in the Turks and Caicos varies by island and by type of business.The majority of establishments on the island of Providenciales that cater to tourism accept credit cards, especially vehicle rental companies, accommodations, and large tour and activity companies. Some of the smaller restaurants and shops only accept cash.

How do I get around the Turks and Caicos Islands?

There are taxis on the island, but the best way to get around is by renting a car, which is available at the airport. The British Overseas Territory follows the U.K system and drives on the left side of the road. There are no public buses in the Turk and Caicos Islands. To rent a car, you need to be 25 or above, and hold a currently valid license. An International Driver Permit (IDP) is only required if your license is in a language other than English. The age limit is only 18 for scooters.

Taxis are available on all the inhabited islands. Cabs are unmetered and pricing is set (but not cheap): confirm the price before setting out. Prices from the airport to the major resorts on Providenciales are advertised on the wall outside the airport taxi rank.

Travel money for the Turks and Caicos Islands

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.

Send Money to the Turks and Caicos Islands - Best Rates

To get a good (and fair) exchange rate when sending money to the Turks and Caicos Islands 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 the Turks and Caicos Islands

When sending money to the Turks and Caicos Islands 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 the Turks and Caicos Islands.

Use the above 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!