•  
  1. Guides
  2. Country Guides (A-Z)
  3. East Timor - Foreign Exchange & Currency Guide

Foreign Exchange Guide to East Timor

Latest market mid-rate: 1.0 =

Country Code:
TL
Domestic Currency:
U.S. dollar
Symbol - Code:
$ USD
Telephone Prefix:
+670

The domestic currency in East Timor is the U.S. dollar with currency code USD. Read this foreign exchange guide to East Timor and the U.S. dollar with money transfer and travel tips plus U.S. dollar exchange cross rates.

In this guide we review :

  1. U.S. dollar info - general info about the U.S. dollar
  2. U.S. dollar in the markets - recent USD moves and predictions from the FX markets
  3. Travelling in East Timor - currency & money saving tips
  4. Buying U.S. dollar cash online - travel money for East Timor
  5. Sending money to East Timor - save on U.S. dollar bank transfers to East Timor
  6. U.S. dollar exchange rates - latest & historic exchange rates.

U.S. dollar (USD) general currency information

What do US dollar banknotes look like?

Currently printed denominations are $1, $2, $5, $10, $20, $50, and $100. The following table shows the current design of the notes both front and reverse.

US dollar banknotes

US dollar banknotes - front and reverse design (source Wikipedia)

The currency is nick-named the "green-back" as as you can see is predominantly green. So care should be taken when handing over money or checking your change in low-light situations. Post-2004 series banknotes have started to incorporate other colors to better distinguish different denominations.

Which countries besides the USA use the US Dollar as official currency?

Other nations besides the United States use the U.S. dollar as their official currency. For instance, Ecuador, El Salvador, and East Timor all adopted the currency independently. The former members of the U.S.-administered Trust Territory of the Pacific Islands, which included Palau, the Federated States of Micronesia, and the Marshall Islands, chose not to issue their own currency after becoming independent, having all used the U.S. dollar since 1944.

Two British dependencies also use the U.S. dollar: the British Virgin Islands and Turks and Caicos Islands. The islands Bonaire, Sint Eustatius and Saba, now collectively known as the Caribbean Netherlands, adopted the dollar on January 1, 2011, as a result of the dissolution of the Netherlands Antilles. The U.S. dollar is the official currency for governmental transactions in Zimbabwe.

What is the U.S. dollar currency code and symbol?

The three letter currency code for the U.S. dollar is USD and the symbol is $.

Which countries use the U.S. 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.


U.S. dollar (USD) in the markets

Approaching the end of April, the dollar was trading at a three-month high against a basket of currencies.

In April, the dollar’s trajectory seemingly re-coupled with that of US interest rate expectations. The world’s reserve currency followed Treasury yields higher as they climbed to multi-year highs. When yields rise, traders expect higher interest rates from the Federal Reserve.

Yields have risen largely because of an increase in Treasuries supply (necessary to fund Trump’s tax cuts and proposed spending), but also from signs of improved wage inflation. A reduction in trade tensions following Xi Jinping’s address to the Boao Forum in April – Xi spoke of the need to ease tariffs and to further open up China’s economy – also helped to cement expectations for four more Fed hikes in 2018.

HSBC said in late April that it had changed its view on the dollar; it was now predicting a bull run and it foresaw EUR/USD falling to 1.15 by year-end, from levels at the time in the mid-1.21s.

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
USD currency converter

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. 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.

The US dollar ($) is the legal tender in East Timor, all transactions are in dollars. Banks and ATMs can be found in Dili.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.

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.

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)

Travel money for East Timor

Save money and time by Ordering your U.S. 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 U.S. dollar otherwise you may get much worst exchange rates.

 

Travel Money for East Timor

Compare $USD Cash rates

 

Sending money to East Timor

How to save when sending money 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 3 simple steps :

  1. Open an account with a BER reviewed FX provider (id docs may be required)
  2. You specify the local or U.S. 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 U.S. dollar deposited into the recipient bank account and less margins and fees kept by the banks!

   

Bank Transfers to East Timor

Compare $USD Transfer Rates

 

U.S. dollar - exchange rates - live and historic

Major USD cross rates
View Full List (A-Z)
1USD=

USD/EUR - U.S. dollar to Euro - 10 Year History

DateExchange RatePeriodChange
22 May 20180.8485Latest
15 May 20180.84601 Week+0.3%
22 Apr 20180.81471 Month+4.15%
23 Nov 20170.84386 Months+0.56%
22 May 20170.88981 Year-4.64%
22 May 20160.89142 Years-4.81%
23 May 20130.77385 Years+9.65%
24 May 20080.636110 Years+33.39%

USD/GBP - U.S. dollar to British pound sterling - 10 Year History

DateExchange RatePeriodChange
22 May 20180.7441Latest
15 May 20180.74071 Week+0.46%
22 Apr 20180.71421 Month+4.19%
23 Nov 20170.75166 Months-1%
22 May 20170.76961 Year-3.31%
22 May 20160.68982 Years+7.87%
23 May 20130.66235 Years+12.35%
24 May 20080.505110 Years+47.32%

USD/JPY - U.S. dollar to Japanese yen - 10 Year History

DateExchange RatePeriodChange
22 May 2018110.9580Latest
15 May 2018110.29831 Week+0.6%
22 Apr 2018107.88301 Month+2.85%
23 Nov 2017111.26156 Months-0.27%
22 May 2017110.90511 Year+0.05%
22 May 2016110.19432 Years+0.69%
23 May 2013101.98675 Years+8.8%
24 May 2008104.394410 Years+6.29%

USD/AUD - U.S. dollar to Australian dollar - 10 Year History

DateExchange RatePeriodChange
22 May 20181.3176Latest
15 May 20181.33911 Week-1.61%
22 Apr 20181.30561 Month+0.92%
23 Nov 20171.31156 Months+0.47%
22 May 20171.33861 Year-1.57%
22 May 20161.38372 Years-4.78%
23 May 20131.02835 Years+28.13%
24 May 20081.040410 Years+26.64%

USD/CAD - U.S. dollar to Canadian dollar - 10 Year History

DateExchange RatePeriodChange
22 May 20181.2784Latest
15 May 20181.28731 Week-0.69%
22 Apr 20181.27691 Month+0.12%
23 Nov 20171.27136 Months+0.56%
22 May 20171.34931 Year-5.25%
22 May 20161.31172 Years-2.54%
23 May 20131.03145 Years+23.95%
24 May 20080.986210 Years+29.63%

U.S. dollar News