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
14-December-18: Against a basket of currencies, the US dollar struck an 18-month high in mid-December after negative political and economic developments weighed on rest-of-the-world currencies. At the time of writing, the dollar was showing trade-weighted appreciation of 6 percent for 2018 and was on course to gain in 10 of the year’s 12 months.
The dollar had strengthened to levels near $1.13 against the euro, which suffered due to disappointing eurozone economic data and Brexit-related uncertainties.
Brexit allowed the dollar to gain handsomely against the pound in 2018. On December-11, GBP/USD traded below 1.25 for the first time since early 2017.
The economic slowdown in China has also helped the dollar by creating safe haven flows into the US. The dollar has yet to reach the magic 7-yuan level but remains close to it, at levels near 6.9.
For 2019, JP Morgan and Morgan Stanley are both bearish the greenback. The banks remain skeptical over future Fed interest rate hikes and point to a possible US economic downturn in the second half of the year.
Scotiabank is forecasting EUR/USD at $1.30 by 2019 year-end, indicating a potential 13 percent decline in the dollar’s buying power.
The interactive chart below shows the USD to EUR exchange rate for the previous 3 months with rate alerts for days when the exchange rate moved up or down significantly or for 30 day highs and lows.
Travel, Currency and Money saving tips for East Timor
The Democratic Republic of Timor-Leste is commonly known as East Timor. One of the world’s newest countries (Timor-Leste became the first new sovereign state of the 21st century on 20 May 2002 when it achieved independence from Indonesia) its tourism industry is still in its infancy. With hardly-touched 'best-in-the-world' reefs to dive, dugongs to spot, mountains to climb, and ancient traditions that have survived the ravages of war, Asia’s newest country offers some of the world’s last great off-the-beaten-track adventures. However recent clashes between security services and groups challenging the government mean travel to much of the eastern side of the country is discouraged by both the Timor-Leste and Australian authorities.
What currency to use in East Timor?
The US dollar ($) 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
Popular USD cross rates
USD/EUR - United States Dollar to Euro - 10 Year History
|16 Dec 2018||0.8842||Latest|
|09 Dec 2018||0.8772||1 Week||+0.8%|
|16 Nov 2018||0.8756||1 Month||+0.98%|
|19 Jun 2018||0.8630||6 Months||+2.46%|
|16 Dec 2017||0.8506||1 Year||+3.95%|
|16 Dec 2016||0.9585||2 Years||-7.75%|
|17 Dec 2013||0.7262||5 Years||+21.76%|
|18 Dec 2008||0.6973||10 Years||+26.8%|
USD/GBP - United States Dollar to British Pound Sterling - 10 Year History
|16 Dec 2018||0.7943||Latest|
|09 Dec 2018||0.7862||1 Week||+1.03%|
|16 Nov 2018||0.7788||1 Month||+1.99%|
|19 Jun 2018||0.7591||6 Months||+4.64%|
|16 Dec 2017||0.7506||1 Year||+5.82%|
|16 Dec 2016||0.8017||2 Years||-0.92%|
|17 Dec 2013||0.6146||5 Years||+29.24%|
|18 Dec 2008||0.6589||10 Years||+20.55%|
USD/JPY - United States Dollar to Japanese Yen - 10 Year History
|16 Dec 2018||113.4359||Latest|
|09 Dec 2018||112.5160||1 Week||+0.82%|
|16 Nov 2018||112.8350||1 Month||+0.53%|
|19 Jun 2018||110.0887||6 Months||+3.04%|
|16 Dec 2017||112.5850||1 Year||+0.76%|
|16 Dec 2016||117.9394||2 Years||-3.82%|
|17 Dec 2013||102.6859||5 Years||+10.47%|
|18 Dec 2008||89.1264||10 Years||+27.28%|
USD/AUD - United States Dollar to Australian Dollar - 10 Year History
|16 Dec 2018||1.3922||Latest|
|09 Dec 2018||1.3926||1 Week||-0.03%|
|16 Nov 2018||1.3635||1 Month||+2.1%|
|19 Jun 2018||1.3533||6 Months||+2.87%|
|16 Dec 2017||1.3077||1 Year||+6.46%|
|16 Dec 2016||1.3677||2 Years||+1.79%|
|17 Dec 2013||1.1232||5 Years||+23.95%|
|18 Dec 2008||1.4392||10 Years||-3.27%|
USD/CAD - United States Dollar to Canadian Dollar - 10 Year History
|16 Dec 2018||1.3384||Latest|
|09 Dec 2018||1.3330||1 Week||+0.41%|
|16 Nov 2018||1.3148||1 Month||+1.79%|
|19 Jun 2018||1.3278||6 Months||+0.8%|
|16 Dec 2017||1.2867||1 Year||+4.02%|
|16 Dec 2016||1.3342||2 Years||+0.31%|
|17 Dec 2013||1.0600||5 Years||+26.26%|
|18 Dec 2008||1.1961||10 Years||+11.9%|