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Foreign Exchange Guide to the British Virgin Islands

Read this currency guide to the British Virgin Islands with money transfer and travel tips.   [USD/EUR=0.882]

 
British Virgin Islands
Country Code:
VG
Domestic Currency:
United States Dollar
Symbol - Code:
$ USD
Telephone Prefix:
+1284

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.

United States Dollar (USD) general currency information


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 $.


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.


United States Dollar (USD) in the markets

26-January-19: 2018 was a reasonable year for the dollar. Measured by the US Dollar Index, the greenback appreciated by 4 percent, which was much better than 2017’s 10 percent loss. It was, though, something of a stuttering end to 2018 and the dollar has had mixed fortunes in early 2019.

In December, after lifting US interest rates to 2.25-2.5 percent, the Fed lowered its expectations for future hikes due to so-called “cross currents” (China, Brexit, trade wars etc.). Skepticism among analysts over future Fed hikes has for some time been the main reason for dollar pessimism for 2019, but now, there is also the prospect of a US economic slowdown to contend with.

“A slowdown in the economy is likely to weigh on USD particularly in the second half of this year,” a CIBC researcher said in January.

Of the same opinion was an expert at ING, who argued that the dollar is soon to “embark on a gradual long-term bearish trend.”

January’s extended US government shutdown also has dollar-negative ramifications. Not only is the shutdown likely to hit first-quarter GDP growth, disagreements within Congress bode poorly for the future of potentially inflationary fiscal spending.

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.


USD-EUR 3 Month chart
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.

   

the British Virgin Islands Trip Checklist    

 
  1. Compare USD travel cash rates - probably why you are here!
  2. Lonely Planet - world's best travel guide (coupon and deals)

Sending money to the British Virgin Islands

When searching around for information on how to get a good exchange rate when sending money to the British Virgin Islands you need to start with finding out the latest United States Dollar foreign-transfer exchange rate.

Then compare your bank's exchange rates to several licensed FX providers exchange rate and fees to see how much you can save (we make that calculation easy here).


Get a better deal for foreign transfers to the British Virgin Islands

When sending money to the British Virgin 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 United States 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 British Virgin Islands.

Use our Send to USD 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 United States Dollar deposited into the recipient bank account and less margins and fees kept by the banks!

   

Bank Transfers to the British Virgin Islands

Compare Transfer Rates

 

Popular USD cross rates


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

DateExchange RatePeriodChange
20 Feb 20190.8806Latest
13 Feb 20190.88771 Week-0.8%
21 Jan 20190.87961 Month+0.11%
24 Aug 20180.86006 Months+2.4%
20 Feb 20180.81071 Year+8.62%
20 Feb 20170.94262 Years-6.58%
21 Feb 20140.72785 Years+20.99%
22 Feb 20090.786510 Years+11.96%

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

DateExchange RatePeriodChange
20 Feb 20190.7647Latest
13 Feb 20190.77791 Week-1.7%
21 Jan 20190.77581 Month-1.43%
24 Aug 20180.77856 Months-1.77%
20 Feb 20180.71431 Year+7.06%
20 Feb 20170.80182 Years-4.63%
21 Feb 20140.60185 Years+27.07%
22 Feb 20090.696110 Years+9.85%

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

DateExchange RatePeriodChange
20 Feb 2019110.7454Latest
13 Feb 2019110.93251 Week-0.17%
21 Jan 2019109.68521 Month+0.97%
24 Aug 2018111.23506 Months-0.44%
20 Feb 2018107.39001 Year+3.12%
20 Feb 2017113.27542 Years-2.23%
21 Feb 2014102.42005 Years+8.13%
22 Feb 200993.655710 Years+18.25%

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

DateExchange RatePeriodChange
20 Feb 20191.3940Latest
13 Feb 20191.41011 Week-1.14%
21 Jan 20191.39691 Month-0.21%
24 Aug 20181.36486 Months+2.14%
20 Feb 20181.26891 Year+9.86%
20 Feb 20171.30082 Years+7.16%
21 Feb 20141.11405 Years+25.13%
22 Feb 20091.556810 Years-10.46%

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

DateExchange RatePeriodChange
20 Feb 20191.3158Latest
13 Feb 20191.32601 Week-0.77%
21 Jan 20191.32981 Month-1.05%
24 Aug 20181.30346 Months+0.95%
20 Feb 20181.26491 Year+4.02%
20 Feb 20171.31062 Years+0.4%
21 Feb 20141.11055 Years+18.49%
22 Feb 20091.256010 Years+4.76%

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