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Foreign Exchange Guide to Ecuador

Read this currency guide to Ecuador with money transfer and travel tips.   [USD/EUR=0.8843]

Ecuador
Country Code:
EC
Domestic Currency:
United States Dollar
Symbol - Code:
$ USD
Telephone Prefix:
+593

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

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


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

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.


USD-EUR 3 Month chart
USD-EUR 3 Month chart
USDEUR currency converter

Travel, Currency and Money saving tips for Ecuador

 

Travel money for Ecuador

 

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.

   

Ecuador Trip Checklist    

 
  1. Compare USD travel cash rates - probably why you are here!
  2. Search Hotel deals - Save on your accomodation in Ecuador
  3. Lonely Planet - world's best travel guide (coupon and deals)

Sending money to Ecuador

When searching around for information on how to get a good exchange rate when sending money to Ecuador 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 Ecuador

When sending money to Ecuador 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 Ecuador.

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 Ecuador

Compare Transfer Rates

 

Popular USD cross rates


USD/EUR - United States Dollar to Euro - 10 Year History

DateExchange RatePeriodChange
15 Dec 20180.8843Latest
08 Dec 20180.87841 Week+0.67%
15 Nov 20180.88301 Month+0.15%
18 Jun 20180.85996 Months+2.84%
15 Dec 20170.85061 Year+3.96%
15 Dec 20160.95972 Years-7.86%
16 Dec 20130.72675 Years+21.69%
17 Dec 20080.698510 Years+26.6%

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

DateExchange RatePeriodChange
15 Dec 20180.7943Latest
08 Dec 20180.78551 Week+1.12%
15 Nov 20180.78331 Month+1.4%
18 Jun 20180.75436 Months+5.3%
15 Dec 20170.75061 Year+5.82%
15 Dec 20160.80492 Years-1.32%
16 Dec 20130.61365 Years+29.45%
17 Dec 20080.649110 Years+22.37%

USD/JPY - United States Dollar to Japanese Yen - 10 Year History

DateExchange RatePeriodChange
15 Dec 2018113.4359Latest
08 Dec 2018112.73311 Week+0.62%
15 Nov 2018113.56651 Month-0.11%
18 Jun 2018110.13866 Months+2.99%
15 Dec 2017112.58501 Year+0.76%
15 Dec 2016117.64082 Years-3.57%
16 Dec 2013103.09715 Years+10.03%
17 Dec 200887.973110 Years+28.94%

USD/AUD - United States Dollar to Australian Dollar - 10 Year History

DateExchange RatePeriodChange
15 Dec 20181.3930Latest
08 Dec 20181.38731 Week+0.41%
15 Nov 20181.37551 Month+1.27%
18 Jun 20181.35076 Months+3.13%
15 Dec 20171.30771 Year+6.52%
15 Dec 20161.35792 Years+2.58%
16 Dec 20131.11845 Years+24.55%
17 Dec 20081.438110 Years-3.14%

USD/CAD - United States Dollar to Canadian Dollar - 10 Year History

DateExchange RatePeriodChange
15 Dec 20181.3384Latest
08 Dec 20181.33241 Week+0.45%
15 Nov 20181.31701 Month+1.62%
18 Jun 20181.32126 Months+1.3%
15 Dec 20171.28671 Year+4.02%
15 Dec 20161.32952 Years+0.67%
16 Dec 20131.05935 Years+26.35%
17 Dec 20081.204010 Years+11.16%

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United States Dollar News and Forecasts

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