United States Dollar
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 :
- 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 the Turks And Caicos Islands - currency & money saving tips
- Buying United States Dollar cash online - travel money for the Turks And Caicos Islands
- Sending money to the Turks And Caicos Islands - save on United States Dollar bank transfers to the Turks And Caicos Islands
- 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 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 USD to EUR exchange rate and trend for the previous 3 months:
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
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 :
- 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 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!