Currency in Vanuatu
A practical currency and money guide to travel, living and doing business in Vanuatu and the Vanuatu vatu (VUV).
What's in this Vanuatu currency guide:
What currency is used in Vanuatu?
The official currency of Vanuatu (country code: VU) is the Vanuatu vatu, with symbol VT and currency code VUV.
Things to know about the Vanuatu vatu
Here are some things you might want to know about the Vanuatu vatu:
- The Vanuatu vatu is the official currency of Vanuatu. It is represented by the symbol "Vt" and is abbreviated as VUV.
- The vatu was introduced in 1981, replacing the New Hebrides franc. It is divided into 100 centimes.
- The physical currency consists of coins and banknotes. The coins come in denominations of 1, 5, 10, 20, and 50 vatu. The banknotes come in denominations of 100, 200, 500, 1,000, 2,000, and 5,000 vatu.
- The banknotes feature images of famous Vanuatuan historical figures, such as Father Walter Lini and Chief Roi Mata. The design of the currency is constantly being updated, so the physical appearance of the coins and banknotes may vary slightly over time.
- The value of the vatu is not widely traded on international currency markets, as Vanuatu has a small and open economy. The value of the vatu is largely determined by the demand for goods and services within the country.
Travel Ideas and Money Tips for Vanuatu
Vanuatu is not a country of mega-resorts or worldwide chains, but one of character-filled boutique hotels, often set in secluded locales. Deserted beaches, ancient culture, remote and rugged islands and world-class diving are just a small part of the magnetism of this scattered 80-plus island archipelago. And then there is Mt Yasur, an active volcano which you can drive to 150m of the creator and peer down at the fountain of lava. Some visitors find Yasur terrifying; others captivating. Photographers are beside themselves at the opportunity to capture nature at its most furious from such a vantage point. A sturdy tripod is essential for the best shots. The best times to visit Yasur are just before sunrise and for an hour or two after sunset. Absolute darkness is the ultimate thrill. The level of activity within Yasur fluctuates between dangerous and relatively calm, but when it’s hot, it’s hot.
Can I use credit cards in Vanuatu?
However, Port Vila and Luganville are not cheap, and you'll need to exchange your dollars and pounds for some Vanuatu vatu (the local currency). Many resorts in the area feature money exchanges and ATM access. However, for the average traveler through the islands, cash is a necessity. Maintaining a supply of money during your trip is not only desirable, it is vital. Without a few thousand vatu, you can't even get a cab, much less pay for dinner. Many of the restaurants and shops in Port Vila and Luganville do not accept credit cards and ATM cards; cash is the only option.
You will not find banks or ATMs in any of the villages around the islands. In fact, Port Vila and Luganville are the only places that you'll be able to do that. The ANZ bank and the supermarket in Port Vila offer ATMs for your convenience.
Do I need a visa for Vanuatu?
Citizens of most countries do not need a visa to visit Vanuatu. Visitors may stay 30 days with possible extensions up to 4 months. Visitors must have onward tickets to a place where they have authorised entry and sufficient funds to support themselves in Vanuatu.
Expat Money & Business Guide to Vanuatu
Managing your finances in Vanuatu
Here we list some key points for expats and businesses to consider when managing financial dealings in Vanuatu:
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Understand Vanuatu vatu currency exchange rates: Exchange rates can have a big impact on your finances, so it is important to keep an eye on the VUV 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.
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Use a local Vanuatu vatu bank account: A local VUV bank account can make it easier for you to manage your finances and pay bills while you are in Vanuatu. It may also be more convenient to use a local VUV bank account to make purchases and withdraw cash.
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Research local laws and regulations: It is important to understand the local laws and regulations that apply to financial transactions in Vanuatu. This can help you avoid legal issues and ensure that you are complying with local requirements.
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Consider the tax implications: It is important to understand the tax implications of living or doing business in Vanuatu. This can help you plan your finances and ensure that you are paying the correct amount of tax.
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Seek financial advice: If you are unsure of how to manage your finances in Vanuatu, 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/VUV – Market Data
The exchange rate of Vanuatu vatu (VUV), or the amount of VUV 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/VUV rate plus recent trend, chart, and historic rates.
| Date | USD/VUV | Change | Period |
|---|---|---|---|
12 May 2023 | 118.98 | no change | 2 Week |
25 Feb 2023 | 118.04 | 0.8% ▲ | 3 Month |
26 May 2022 | 114.88 | 3.6% ▲ | 1 Year |
27 May 2018 | 107.04 | 11.2% ▲ | 5 Year |
28 May 2013 | 93.88 | 26.7% ▲ | 10 Year |
31 May 2003 | 120.79 | 1.5% ▼ | 20 Year |
Compare Vanuatu vatu 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 Vanuatu or planning a trip or maybe living there, so will need to exchange and spend Vanuatu vatu.
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It is important to note that the exchange rate of the Vanuatu vatu 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 VUV exchange rates before making any financial decisions.
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