Foreign Exchange Guide to the British Virgin Islands

This is a foreign exchange guide to the British Virgin Islands, the United States Dollar currency plus USD transfers and travel tips.

In this the British Virgin Islands currency guide we take a look at :

1. United States Dollar info - general info about the United States Dollar
2. United States Dollar in the markets - recent USD moves and predictions from the FX markets
3. Travelling in the British Virgin Islands - currency & money saving tips
4. Buying United States Dollar cash online - travel money for the British Virgin Islands
5. Sending money to the British Virgin Islands - save on United States Dollar bank transfers to the British Virgin Islands
6. United States Dollar exchange rates - latest & historic exchange rates.
7. USD News - the latest United States Dollar related articles from our blog.

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United States Dollar (USD) general currency information

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What is the United States Dollar currency code and symbol?

The three letter currency code for the United States Dollar is USD and the symbol is $.

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Which countries use the United States Dollar?

It is the domestic currency in United States, East Timor, Ecuador, El Salvador, British Virgin Islands, US Virgin Islands, Caribbean Netherlands, Turks And Caicos Islands and Zimbabwe.

Read our Guide to the US dollar currency.

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United States Dollar (USD) in the markets

In the third week of April the Dollar Index was rallying strongly towards the mid-97s, slightly below major resistance at 97.70, a break of which would be massively positive for the greenback. The index was up 1.7 percent year-to-date.

The dollar’s strength comes in spite of a dovish surprise in March from the Federal Reserve, which ditched two interest rate hikes from its 2019 projections. Fortunately for dollar holders, the rest of the world has problems and other important central banks also turned dovish, removing much of the incentive for selling USD.

Bloomberg research warned in April of potential for a large upcoming move in the US dollar, up or down. Over the past quarter-century, three prominent troughs in the JPMorgan Global FX Volatility Index were followed by dollar moves over 6-month periods worth 10-15 percent. The index was trading in mid-April at a 5-year low.

The interactive chart below shows the USD to EUR exchange rate for the previous 3 months with rate alerts for days when the exchange rate moved up or down significantly or for 30 day highs and lows.

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USD-EUR 3 Month chart

USDEUR currency converter

Travel, Currency and Money saving tips for the British Virgin Islands

More than 60 islands –some of them uninhabited and declared national parks– make up this Caribbean archipelago, a paradise of lush rainforests, white-sand beaches and bright turquoise waters. Most visitors travel to the British Virgin Islands between September and November, but winter is still a great time to visit, too. With average winter temperatures around 77 degrees Fahrenheit and average summer temps around 82, there is hardly a bad time to visit, except perhaps August and September when it can be quite hot and many businesses shut down.

Are there ATMs in the British Virgin Islands?

Currency is the US dollar (US$). ATMs are in main towns on Tortola and Virgin Gorda, but not elsewhere. Credit cards accepted in most hotels and restaurants.

How do I get around the British Virgin Islands?

Hitchhiking is the preferred mode of transportation for locals and tourists alike. Since taxis and cars are expensive, many locals just share cars or hitchhike. Do the same. It’s safe and drivers will take groups. If you're going to be hitting a lot of spots on the bigger islands like Tortola or St. Thomas, you're going to find it hard to get taxis in some of the more secluded places (they tend to stick around more crowded locations). It’s better to rent a car on these islands, even at $60-80 USD a day. It will give you more flexibility and, if you're splitting costs with friends, will be cheaper than taxis.

Frequent ferries glide between the islands. Getting around on your own by chartering a boat is also possible. Tortola is the BVI ferry hub, and all boats route through its various docks. If you want to sail, there are three basic options: a crewed boat, with skipper and cook; a ‘bareboat’ sans staff that you operate on your own; or a sailing-school vessel.

Main island Tortola is known for its full-moon parties and sailing prowess. Billionaires and yachties swoon over Virgin Gorda and its magical rocks. Anegada floats in a remote reef and has a hammock waiting for those serious about unplugging.

Travel money for the British Virgin Islands

Save money and time by Ordering your United States Dollar 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 United States Dollar otherwise you may get much worst exchange rates.

USD/EUR - United States Dollar to Euro - 10 Year History

USD/GBP - United States Dollar to British Pound Sterling - 10 Year History

USD/JPY - United States Dollar to Japanese Yen - 10 Year History

USD/AUD - United States Dollar to Australian Dollar - 10 Year History

USD/CAD - United States Dollar to Canadian Dollar - 10 Year History