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Foreign Exchange Guide to East Timor

This currency guide to East Timor helps you choose the best way to save money on EUR transfers and travel money.    [USD/EUR=0.9032]

 
East Timor
Country Code:
TL
Domestic Currency:
United States Dollar
Symbol - Code:
U$ USD
Telephone Prefix:
+670

This is a foreign exchange guide to East Timor, the United States Dollar currency plus sending USD transfers and travel tips.

In this East Timor 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 East Timor - currency & money saving tips
  4. Buying United States Dollar cash online - travel money for East Timor
  5. Sending money to East Timor - save on United States Dollar bank transfers to East Timor
  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 U$.


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

The US dollar has held its value this year despite a serious escalation in US-China trade tensions, mainly because the greenback is still considered a safer currency to own than most others. After grim employment data on June-7, the Dollar Index was up 0.5 percent on the year (it had fallen 2 percent from May’s 2-year high).

As in other parts of the world, interest rate cuts are now expected in the US following a drastic shift in economic forecasts. At least two Fed cuts are expected this year, with the first most likely to come in July.

Taking the blame for the economic downturn is US President Donald Trump, whose trade policies have set a ball rolling that could wipe $455bn from global output according to the IMF.

For more details read the full article United States Dollar Forecasts.

The interactive chart below shows the USD to EUR exchange rate and trend for the previous 3 months:

ALERT: 14-DAY LOW |
USD/EUR is trading near the 90 day average 0.9028 with a range from LOW 0.8865 to HIGH 0.9175. ALERT: Today USD/EUR has dropped to a 14-DAY LOW.

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.

Cristo Rei of Dili atop a summit overlooking the capitol of East Timor.

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.

East Timor

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    

 
  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 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 :

  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 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

Compare Transfer Rates

 

USD/EUR - United States Dollar to Euro - Historical Rates

PeriodChange*USD/EURDate
1 Day-0.4%0.906315 Oct 2019
7 Day-0.8%0.910409 Oct 2019
30 Day-0.6%0.908816 Sep 2019
3 Month+1.7%0.888018 Jul 2019
1 Year+4.5%0.863816 Oct 2018
5 Year+15.2%0.783717 Oct 2014
10 Year+34.4%0.671918 Oct 2009

*For period to 16-Oct 21UTC when USD/EUR was 0.9030

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

PeriodChange*USD/GBPDate
1 Day-0.5%0.783715 Oct 2019
7 Day-4.8%0.818909 Oct 2019
30 Day-3.2%0.804816 Sep 2019
3 Month-2.2%0.797218 Jul 2019
1 Year+2.8%0.758316 Oct 2018
5 Year+25.4%0.621417 Oct 2014
10 Year+27.3%0.612318 Oct 2009

*For period to 16-Oct 21UTC when USD/GBP was 0.7794

USD/AUD - United States Dollar to Australian Dollar - Historical Rates

PeriodChange*USD/AUDDate
1 Day-0.1%1.480815 Oct 2019
7 Day-0.6%1.488309 Oct 2019
30 Day+1.5%1.457416 Sep 2019
3 Month+4.6%1.414818 Jul 2019
1 Year+5.6%1.400816 Oct 2018
5 Year+29.4%1.143717 Oct 2014
10 Year+35.6%1.090918 Oct 2009

*For period to 16-Oct 21UTC when USD/AUD was 1.4797

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