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Foreign Exchange Guide to Ecuador

Read this currency guide to Ecuador with HKD money transfer and travel tips.   [HKD/USD=0.1275]

 
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 HKD to 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

The US dollar has held its value this year despite a serious escalation in US-China trade tensions, mainly because the greenback is still considered a safer currency to own than most others. After grim employment data on June-7, the Dollar Index was up 0.5 percent on the year (it had fallen 2 percent from May’s 2-year high).

As in other parts of the world, interest rate cuts are now expected in the US following a drastic shift in economic forecasts. At least two Fed cuts are expected this year, with the first most likely to come in July.

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

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:

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!

 

HKD to USD International Money Transfers

  

Foreign Transfer ProvidersReceive USD($)Exchange RateFee HKDTotal CostDeal Links
OFX logo
6,240 USD0.12480 for BER users (normally $15)2.19%
DBS Bank logo
6,173.82 USD0.1236503.23%
Banks - Average Rate
DBS Bank logo Citibank logo HSBC logo
6,108 USD0.1223554.27%
HSBC logo
6,090.24 USD0.122$804.54%
Citibank International Money Transfers
Citibank logo
6,058.55 USD0.1212125.04%
 
OFX: Foreign Transfer HKD→USD
HKD amount:$50,000 HKD
Fee:0 for BER users (normally $15)
Exchange Rate:0.1248 (2.19% from mid-rate)
USD amount:6,240 USD
Total Cost:2.19%
Time:
Rate Fetched: Fri Aug 23 2019 00:16:05 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 

DBS Bank logoDBS Bank

DBS Bank: Foreign Transfer HKD→USD
HKD amount:$50,000 HKD
Fee:50
Exchange Rate:0.1236 (3.13% from mid-rate)
USD amount:6,173.82 USD
Total Cost:3.23%
Difference:
66 USD less than using OFX
Time:1:05 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Foreign Transfer HKD→USD
HKD amount:$50,000 HKD
Fee:55
Exchange Rate:0.1226 (3.92% from mid-rate)
USD amount:6,108 USD
Total Cost:4.27%
Difference:
132 USD less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 

HSBC logoHSBC

HSBC: Foreign Transfer HKD→USD
HKD amount:$50,000 HKD
Fee:$80 HKD (Minimum fee)
Exchange Rate:0.1220 (4.39% from mid-rate)
USD amount:6,090.24 USD
Total Cost:4.54%
Difference:
150 USD less than using OFX
Time:1:05 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Citibank logoCitibank

Citibank: Foreign Transfer HKD→USD
HKD amount:$50,000 HKD
Fee:12
Exchange Rate:0.1212 (5.02% from mid-rate)
USD amount:6,058.55 USD
Total Cost:5.04%
Difference:
181 USD less than using OFX
Time:1:05 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Snapshot 08/23/2019 - See full table
 

USD/EUR - United States Dollar to Euro - Historical Rates

PeriodChange*USD/EURDate
1 Day+0.08%0.901621 Aug 2019
1 Week+0.26%0.900015 Aug 2019
1 Month+0.61%0.896823 Jul 2019
6 Months+2.3%0.882023 Feb 2019
1 Year+4.54%0.863122 Aug 2018
5 Years+19.49%0.755123 Aug 2014
10 Years+29.07%0.699124 Aug 2009

*For period to 22-Aug 21UTC when USD/EUR was 0.9023

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

PeriodChange*USD/GBPDate
1 Day-0.98%0.824421 Aug 2019
1 Week-1.31%0.827115 Aug 2019
1 Month+1.53%0.804023 Jul 2019
6 Months+6.55%0.766123 Feb 2019
1 Year+5.34%0.774922 Aug 2018
5 Years+35.28%0.603423 Aug 2014
10 Years+34.19%0.608324 Aug 2009

*For period to 22-Aug 21UTC when USD/GBP was 0.8163

USD/AUD - United States Dollar to Australian Dollar - Historical Rates

PeriodChange*USD/AUDDate
1 Day+0.41%1.473921 Aug 2019
1 Week+0.22%1.476615 Aug 2019
1 Month+3.54%1.429323 Jul 2019
6 Months+5.53%1.402323 Feb 2019
1 Year+8.53%1.363622 Aug 2018
5 Years+37.87%1.073423 Aug 2014
10 Years+24.3%1.190624 Aug 2009

*For period to 22-Aug 21UTC when USD/AUD was 1.4799

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