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
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.
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
|19 Feb 2019||0.8820||Latest|
|12 Feb 2019||0.8823||1 Week||-0.03%|
|20 Jan 2019||0.8799||1 Month||+0.24%|
|23 Aug 2018||0.8664||6 Months||+1.8%|
|19 Feb 2018||0.8064||1 Year||+9.38%|
|19 Feb 2017||0.9411||2 Years||-6.28%|
|20 Feb 2014||0.7289||5 Years||+21%|
|21 Feb 2009||0.7865||10 Years||+12.14%|
USD/GBP - United States Dollar to British Pound Sterling - 10 Year History
|19 Feb 2019||0.7668||Latest|
|12 Feb 2019||0.7757||1 Week||-1.15%|
|20 Jan 2019||0.7781||1 Month||-1.45%|
|23 Aug 2018||0.7807||6 Months||-1.78%|
|19 Feb 2018||0.7147||1 Year||+7.29%|
|19 Feb 2017||0.8045||2 Years||-4.69%|
|20 Feb 2014||0.6005||5 Years||+27.69%|
|21 Feb 2009||0.6961||10 Years||+10.16%|
USD/JPY - United States Dollar to Japanese Yen - 10 Year History
|19 Feb 2019||110.5922||Latest|
|12 Feb 2019||110.5135||1 Week||+0.07%|
|20 Jan 2019||109.6731||1 Month||+0.84%|
|23 Aug 2018||111.3700||6 Months||-0.7%|
|19 Feb 2018||106.7190||1 Year||+3.63%|
|19 Feb 2017||112.9223||2 Years||-2.06%|
|20 Feb 2014||102.3040||5 Years||+8.1%|
|21 Feb 2009||93.6557||10 Years||+18.08%|
USD/AUD - United States Dollar to Australian Dollar - 10 Year History
|19 Feb 2019||1.3992||Latest|
|12 Feb 2019||1.4077||1 Week||-0.6%|
|20 Jan 2019||1.3963||1 Month||+0.21%|
|23 Aug 2018||1.3805||6 Months||+1.35%|
|19 Feb 2018||1.2644||1 Year||+10.66%|
|19 Feb 2017||1.3040||2 Years||+7.3%|
|20 Feb 2014||1.1103||5 Years||+26.02%|
|21 Feb 2009||1.5568||10 Years||-10.12%|
USD/CAD - United States Dollar to Canadian Dollar - 10 Year History
|19 Feb 2019||1.3257||Latest|
|12 Feb 2019||1.3230||1 Week||+0.2%|
|20 Jan 2019||1.3276||1 Month||-0.14%|
|23 Aug 2018||1.3100||6 Months||+1.2%|
|19 Feb 2018||1.2568||1 Year||+5.48%|
|19 Feb 2017||1.3089||2 Years||+1.28%|
|20 Feb 2014||1.1073||5 Years||+19.72%|
|21 Feb 2009||1.2560||10 Years||+5.55%|