This is a foreign exchange guide to East Timor, the United States Dollar currency plus USD transfers and travel tips.
In this East Timor currency guide we take a look at :
- United States Dollar info - general info about the United States Dollar
- United States Dollar in the markets - recent USD moves and predictions from the FX markets
- Travelling in East Timor - currency & money saving tips
- Buying United States Dollar cash online - travel money for East Timor
- Sending money to East Timor - save on United States Dollar bank transfers to East Timor
- United States Dollar exchange rates - latest & historic exchange rates.
- 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?
Read our Guide to the US dollar currency.
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.
Travel, Currency and Money saving tips for East Timor
The Democratic Republic of Timor-Leste is commonly known as East Timor. One of the world’s newest countries (Timor-Leste became the first new sovereign state of the 21st century on 20 May 2002 when it achieved independence from Indonesia) its tourism industry is still in its infancy. With hardly-touched 'best-in-the-world' reefs to dive, dugongs to spot, mountains to climb, and ancient traditions that have survived the ravages of war, Asia’s newest country offers some of the world’s last great off-the-beaten-track adventures. However recent clashes between security services and groups challenging the government mean travel to much of the eastern side of the country is discouraged by both the Timor-Leste and Australian authorities.
What currency to use in East Timor?
The US dollar ($) is the legal tender in East Timor, all transactions are in dollars. Some Banks and ATMs can be found in Dili but not elsewhere, and Credit cards are mostly not usable so you should carry some local currency with you. East Timor centavo coins were introduced in East Timor in 2003 for use alongside United States Dollar banknotes and coins, which had been introduced in 2000 to replace the Indonesian rupiah following the commencement of U.N. administration. One centavo is equal to one US cent. The coins are in denominations of 1, 5, 10, 25 and 50 centavos and feature pictures of local plants and animals. East Timor does not yet issue its own banknotes.
How to travel in East Timor?
East Timor has a hot and humid climate (tropical). November to May is the wet season with the temperatures averaging 30ºC the year round, with temperatures far cooler in higher altitude areas. The wet season can damage the roads in East Timor, making travel difficult to remote district areas during this time. There is a direct bus service daily between Dili and Kupang in West Timor, Indonesia. Journey takes 12 hours.
There are many land travel minibus services to cater for individuals or groups travel from Dili to Kupang (West Timor) and return. Timor Travel, Paradise Travel, Leste Oeste Travel are few of the minibus companies that provide travel services to several different destinations along the Dili-Kupang route at a very affordable prices. Buses, mostly of the small variety found on remote Indonesian islands, run to most parts of the country and main cities like Dili, Baucau, Maliana, Los Palos and Suai are quite well linked. Indonesian-style bemos (vans) and mikrolets (minibuses) - legacies from its 24-year rule - run from these cities to nearby villages.
Ferry transport is available between Dili and Oecusse on the Nakroma ferry and Laju Laju car ferry. Compass Charters run daily water-taxi services to/from Ataúro; the Nakroma services Ataúro on Saturday, and the Laju Laju on Thursday. There are no trains in Timor-Leste.
Travel money for East Timor
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.
East Timor Trip Checklist
Sending money to East Timor
When searching around for information on how to get a good exchange rate when sending money to East Timor 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 East Timor
When sending money to East Timor 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 :
- Open an account with a BER reviewed FX provider (id docs may be required)
- You specify the local or United States Dollar amount you want to transfer
- Make a local currency domestic transfer for the requested amount to the provider's bank account in your country
- Once your funds are received by the provider the converted USD amount will be transfered to the recipient account you specify in East Timor.
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 East Timor
USD/EUR - United States Dollar to Euro - 10 Year History
|18 Apr 2019||0.8902||Latest|
|11 Apr 2019||0.8881||1 Week||+0.24%|
|19 Mar 2019||0.8807||1 Month||+1.08%|
|20 Oct 2018||0.8674||6 Months||+2.63%|
|18 Apr 2018||0.8078||1 Year||+10.2%|
|18 Apr 2017||0.9321||2 Years||-4.5%|
|19 Apr 2014||0.7239||5 Years||+22.97%|
|20 Apr 2009||0.7737||10 Years||+15.06%|
USD/GBP - United States Dollar to British Pound Sterling - 10 Year History
|18 Apr 2019||0.7693||Latest|
|11 Apr 2019||0.7660||1 Week||+0.43%|
|19 Mar 2019||0.7536||1 Month||+2.08%|
|20 Oct 2018||0.7650||6 Months||+0.56%|
|18 Apr 2018||0.7041||1 Year||+9.26%|
|18 Apr 2017||0.7786||2 Years||-1.19%|
|19 Apr 2014||0.5955||5 Years||+29.19%|
|20 Apr 2009||0.6872||10 Years||+11.95%|
USD/JPY - United States Dollar to Japanese Yen - 10 Year History
|18 Apr 2019||111.9535||Latest|
|11 Apr 2019||111.6487||1 Week||+0.27%|
|19 Mar 2019||111.4198||1 Month||+0.48%|
|20 Oct 2018||112.5500||6 Months||-0.53%|
|18 Apr 2018||107.3616||1 Year||+4.28%|
|18 Apr 2017||108.5487||2 Years||+3.14%|
|19 Apr 2014||102.4315||5 Years||+9.3%|
|20 Apr 2009||98.2268||10 Years||+13.97%|
USD/AUD - United States Dollar to Australian Dollar - 10 Year History
|18 Apr 2019||1.3990||Latest|
|11 Apr 2019||1.4040||1 Week||-0.36%|
|19 Mar 2019||1.4108||1 Month||-0.84%|
|20 Oct 2018||1.4045||6 Months||-0.39%|
|18 Apr 2018||1.2840||1 Year||+8.96%|
|18 Apr 2017||1.3230||2 Years||+5.74%|
|19 Apr 2014||1.0719||5 Years||+30.52%|
|20 Apr 2009||1.4258||10 Years||-1.88%|
USD/CAD - United States Dollar to Canadian Dollar - 10 Year History
|18 Apr 2019||1.3379||Latest|
|11 Apr 2019||1.3378||1 Week||+0.01%|
|19 Mar 2019||1.3326||1 Month||+0.4%|
|20 Oct 2018||1.3115||6 Months||+2.01%|
|18 Apr 2018||1.2628||1 Year||+5.95%|
|18 Apr 2017||1.3383||2 Years||-0.03%|
|19 Apr 2014||1.1021||5 Years||+21.4%|
|20 Apr 2009||1.2348||10 Years||+8.35%|