Foreign Exchange Guide to the Turks And Caicos Islands

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

 
Turks And Caicos Islands
Country Code:
TC
Domestic Currency:
United States Dollar
Symbol - Code:
U$ USD
Telephone Prefix:
+1649

This is a foreign exchange guide to the Turks And Caicos Islands, the United States Dollar currency plus sending USD transfers and travel tips.

In this the Turks And Caicos Islands 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 the Turks And Caicos Islands - currency & money saving tips
  4. Buying United States Dollar cash online - travel money for the Turks And Caicos Islands
  5. Sending money to the Turks And Caicos Islands - save on United States Dollar bank transfers to the Turks And Caicos Islands
  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 the Turks And Caicos Islands

 

The Turks and Caicos are a chain of 40 islands that include Providenciales (the most populated island) as well as Grand Turk, Middle Caicos, South Caicos, and more. There are two airports—on Providenciales and Grand Turk—but most travelers fly in to Providenciales. For trips to the other islands, charter a boat or go with an operator like Silver Deep or Island Vibes. The Caicos Islands include some of the most popular tourist areas. The main destination for visitors is Providenciales, also known as Provo, which has the only 18-hole golf course on the islands and some laid-back casinos. Most hotels in Provo line the phenomenal Grace Bay.

The Turks Islands lie several miles southeast of the Caicos Islands. They are much smaller than the Caicos Islands, and more low-key. Grand Turk, home to the islands' capital, is a sleepy spot that offers plenty of island culture and history.

With the motto "Beautiful by Nature," its really no wonder why the islands' tourism marketing push centers on Turks and Caicos' quiet, natural beauty. Because of the islands' laid-back and slow-paced nature, you won't find nightlife comparable to Aruba or Barbados, but beach shacks and bars remain open for evening entertainment -- island-style.

Can I use Credit Cards on the Turk and Caicos Islands?

Credit card acceptance in the Turks and Caicos varies by island and by type of business.The majority of establishments on the island of Providenciales that cater to tourism accept credit cards, especially vehicle rental companies, accommodations, and large tour and activity companies. Some of the smaller restaurants and shops only accept cash.

How do I get around the Turks and Caicos Islands?

There are taxis on the island, but the best way to get around is by renting a car, which is available at the airport. The British Overseas Territory follows the U.K system and drives on the left side of the road. There are no public buses in the Turk and Caicos Islands. To rent a car, you need to be 25 or above, and hold a currently valid license. An International Driver Permit (IDP) is only required if your license is in a language other than English. The age limit is only 18 for scooters.

Taxis are available on all the inhabited islands. Cabs are unmetered and pricing is set (but not cheap): confirm the price before setting out. Prices from the airport to the major resorts on Providenciales are advertised on the wall outside the airport taxi rank.

 

Travel money for the Turks And Caicos Islands

 

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.

   

the Turks And Caicos Islands 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 the Turks And Caicos Islands

When searching around for information on how to get a good exchange rate when sending money to the Turks And Caicos Islands 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 the Turks And Caicos Islands

When sending money to the Turks And Caicos Islands 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 the Turks And Caicos Islands.

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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