This is a foreign exchange guide to El Salvador, the United States Dollar currency plus sending USD transfers and travel tips.
In this El Salvador 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 El Salvador - currency & money saving tips
- Buying United States Dollar cash online - travel money for El Salvador
- Sending money to El Salvador - save on United States Dollar bank transfers to El Salvador
- 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 U$.
Which countries use the United States Dollar?
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 USD to EUR exchange rate and trend for the previous 3 months:
Travel, Currency and Money saving tips for El Salvador
El Salvador suffers horribly from bad press. While gang violence still dominates international headlines – and keeps so many adventurous travelers at bay – the vast majority of this beautiful country remains untouched by 'the troubles.'
Those visitors who do make the effort are invariably impressed by the warm welcome they receive and by just how much this tiny country has to offer: world-class surfing on empty, dark-sand beaches; coffee plantations clinging to the sides of volcanoes; pretty flower-filled villages with buildings splashed by murals; and sublime national parks. There are few crowds outside the capital, San Salvador, which itself has more swagger than its Central American counterparts.
San Salvador is a great getaway to explore nearby attractions. The city itself is very busy with constant traffic and people rushing somewhere, so you feel like you want to escape the noise. Take the opportunity however and discover San Salvador downtown with many historical buildings, including the National Palace, National Theatre, the Cathedral and the Plaza Libertad.
Cureency tips for El Salvador.
The unit of currency in El Salvador is the U.S. dollar. The country made the switch from its native colón in 2001, and colónes have been phased out since 2004. Small-town tiendas rarely have change for a $20, so get small bills whenever you can. ATMs, known as cajeros automáticos, can be found in all major cities but are hard to come by in rural towns. Even when a smaller town has an ATM, it may not accept your card -- stock up on cash when you can.
Bank machines accept most major card networks, such as Cirrus, PLUS, Visa, and MasterCard. Credit cards are accepted mainly only in the larger hotels, restaurants, and shops. Sometimes, you get lucky in the most unexpected places, but generally, small shops or restaurants in villages are solo efectivo, or cash only. Those that accept credit cards usually take American Express, Diners Club, Visa, and MasterCard.
How to get around in El Salvador?
Flying within El Salvador is neither cost effective nor easily accessible. Some well-heeled execs fly private planes between San Miguel and San Salvador, and Puerta Barillas in Bahía de Jiquilisco has a helicopter pad, but most folk here stay grounded. There are no trains in El Salvador.
Hypercolored American school buses run frequently to points throughout the country and are very cheap (US$0.25 to US$5). Some weekend fares increase by up to 25%. Routes to some eastern destinations have different categories: ordinario, especial and super especial. The last two options cost more, but they are faster and more comfortable. Most intercity bus services begin between 4am and 5am and end between 6pm and 7pm.
Most roads in El Salvador are paved, but traffic is not easy to negotiate and roads are not particularly well signed. Police set up checkpoints, especially on roads to border crossings. Carjacking is a problem, as is getting parts stolen off your parked car. Don’t drive alone in areas of ill repute and always park in safe places. Car insurance is a good idea, but not required. Rental cars are available in San Salvador and San Miguel and can be delivered elsewhere.
Cycling is popular in El Salvador, both as a recreational activity and means of transport. In San Salvador, a good point of contact is cycling enthusiasts Ciclistas Urbanos. They can provide information about the Cicleada Urbana Nocturna, a weekly Thursday-night group-cycling event in the capital. Mountain-biking is possible near Perquín in Morazán – ask at Perkin Lenca or Serafin Tours.
Travel tips for El Salvador.
Santa Ana is El Salvador’s biggest and most active volcano. The volcano climb offers beautiful panoramic views of the neighbouring towns. The highlight of the entire hike is undoubtedly the magnificent turquoise lake sitting in the centre of the crater. Hire a tour guide from the bottom who will take you on a guided 4 hour round trip tour to the crater. Tours usually start at 10-11 am every morning.
This crystal blue crater lake was created over 70 thousand years ago. Most of the shoreline, owned by Salvadorian elite, makes the place peaceful and perfect to relax at. The dramatic beauty of the 6 km wide caldera is undoubtedly worth a visit. You can access the lake by renting a boat or from surrounding it hotels such as the Cardedeu Hotel.
Travel money for El Salvador
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.
El Salvador Trip Checklist
Sending money to El Salvador
When searching around for information on how to get a good exchange rate when sending money to El Salvador 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 El Salvador
When sending money to El Salvador 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 El Salvador.
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!