Foreign Exchange Guide to East Timor

This currency guide to East Timor helps you choose the best way to save money on USD transfers and travel money.    [HKD/USD=0.1286]

 
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 held its value in 2019 despite a serious escalation in US-China trade tensions, mainly because the greenback is still considered a safer currency to own than most others.

At its October meeting the Federal Reserve cut the target range for the federal funds rate to 1.5-1.75 percent, the third rate cut so far this year, amid soft inflation indicators and general worries about the economy. However the central bank also signaled a pause in the easing cycle.

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

For more USD bank forecasts and cross-rate trends read the report USD trends and forecasts.

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

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

HKD/USD at 0.1287 is trading 0.5% above the 90-day average 0.128 with a range 0.1275 to 0.1288. There are no current rate alerts.
23-Jan-2020 16:NY 21:LON 08:SYD+1d

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!

 
  

HKD to USD International Money Transfers

  

Foreign Transfer ProvidersReceive USD(U$)Exchange RateFee HKDTotal CostDeal Links
WorldFirst logo
U$6,4000.12800.47%
OFX logo
U$6,2950.12590 for BER users (normally $15)2.1%
DBS Bank logo
U$6,228.770.1247503.13%
Banks - Average Rate
DBS Bank logo Citibank logo HSBC logo
U$6,1610.1233554.19%
HSBC logo
U$6,140.160.123HK$804.51%
Citibank International Money Transfers
Citibank logo
U$6,113.530.1223124.92%
WorldRemit logo
Your amount above the WorldRemit HKD2000 maximum
 
WorldFirst logo
WorldFirst: Foreign Transfer HKD→USD
From Amount (HKD)HK$50,000
Fee:
Exchange Rate:0.1280 (0.47% from mid-rate)
To Amount (USD) U$6,400
Total Cost:0.47%
Time:1:06 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.6/5.0
Reviews:
 
OFX logo
OFX: Foreign Transfer HKD→USD
From Amount (HKD)HK$50,000
Fee:0 for BER users (normally $15)
Exchange Rate:0.1259 (2.1% from mid-rate)
To Amount (USD) U$6,295
Total Cost:2.1%
Difference:
U$105 USD less than using WorldFirst
Time:
Rate Fetched: Fri Jan 24 2020 00:16:09 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 
DBS Bank logo
DBS Bank: Foreign Transfer HKD→USD
From Amount (HKD)HK$50,000
Fee:50
Exchange Rate:0.1247 (3.03% from mid-rate)
To Amount (USD) U$6,228.77
Total Cost:3.13%
Difference:
U$171 USD less than using WorldFirst
Time:1:06 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Banks - Average Rate
Foreign Transfer HKD→USD
From Amount (HKD)HK$50,000
Fee:55
Exchange Rate:0.1237 (3.81% from mid-rate)
To Amount (USD) U$6,161
Total Cost:4.19%
Difference:
U$239 USD less than using WorldFirst
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 
HSBC logo
HSBC: Foreign Transfer HKD→USD
From Amount (HKD)HK$50,000
Fee:HK$80 HKD (Minimum fee)
Exchange Rate:0.1230 (4.35% from mid-rate)
To Amount (USD) U$6,140.16
Total Cost:4.51%
Difference:
U$260 USD less than using WorldFirst
Time:1:06 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Citibank logo
Citibank: Foreign Transfer HKD→USD
From Amount (HKD)HK$50,000
Fee:12
Exchange Rate:0.1223 (4.9% from mid-rate)
To Amount (USD) U$6,113.53
Total Cost:4.92%
Difference:
U$286 USD less than using WorldFirst
Time:1:06 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
WorldRemit logo
WorldRemit: Foreign Transfer HKD→USD
From Amount (HKD)HK$50,000
Fee:
Transfer Speed:1 day
Services:Bank Transfers & Cash Pickup - Online only
Rating:
 
: 4.5/5.0
Reviews:
 
Snapshot 01/24/2020 - See full table
 

United States Dollar to Euro - Historical Rates

PeriodChange*USD/EURDate
1 Day+0.3%0.901222 Jan 2020
7 Day+0.7%0.897916 Jan 2020
30 Day+0.3%0.901824 Dec 2019
3 Month+0.2%0.902525 Oct 2019
1 Year+3%0.878223 Jan 2019
5 Year+1.3%0.892324 Jan 2015
10 Year+28%0.706725 Jan 2010

*For period to 23-Jan 21UTC when USD/EUR was 0.9043

United States Dollar to British Pound Sterling - 10 Year History

PeriodChange*USD/GBPDate
1 Day+0.1%0.760822 Jan 2020
7 Day-0.4%0.764716 Jan 2020
30 Day-1.5%0.773224 Dec 2019
3 Month-2.3%0.779825 Oct 2019
1 Year-0.3%0.764423 Jan 2019
5 Year+14.2%0.666924 Jan 2015
10 Year+23.4%0.617425 Jan 2010

*For period to 23-Jan 21UTC when USD/GBP was 0.7619

United States Dollar to Australian Dollar - Historical Rates

PeriodChange*USD/AUDDate
7 Day+0.8%1.449616 Jan 2020
30 Day+1.2%1.444524 Dec 2019
3 Month-0.3%1.465825 Oct 2019
1 Year+4.4%1.399223 Jan 2019
5 Year+15.6%1.264124 Jan 2015
10 Year+32.1%1.105925 Jan 2010

*For period to 23-Jan 21UTC when USD/AUD was 1.4614

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