United States Dollar
This is a foreign exchange guide to the US Virgin Islands, the United States Dollar currency plus sending USD transfers and travel tips.
In this the US Virgin 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 US Virgin Islands - currency & money saving tips
- Buying United States Dollar cash online - travel money for the US Virgin Islands
- Sending money to the US Virgin Islands - save on United States Dollar bank transfers to the US Virgin 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 $455bn from global output according to the IMF.
For more details read the full article United States Dollar Forecasts.
The interactive chart below shows the USD to EUR exchange rate and trend for the previous 3 months:
Travel, Currency and Money saving tips for the US Virgin Islands
This trio of islands in the Caribbean Sea—St. John, St. Croix, and St. Thomas—is famous for its dreamy beaches, world-class snorkeling and diving, and pristine beaches. Travelers can find accommodations for all types of trips, whether it's a family getaway or a romantic retreat. St. John, for example, is known as the "Beverly Hills of the Caribbean," thanks partially to its more remote location (visitors must arrive on a boat or ferry from Charlotte Amalie).
St. Thomas, meanwhile, is perhaps the most popular island in the U.S. Virgin Islands. It's a popular port of call for cruise ships, and is the most likely place to get a flight.
And vacationers seeking exceptional food and a slightly more quiet island escape should head to St. Croix. The largest of the main islands, St. Croix is known for its burgeoning food scene (and an always-excellent West Indian curry).
What currency is used in the U.S. Virgin Islands?
Currency is the US dollar (US$). There seems to be no shortage of ATMs in the Virgin Islands, all of which dispense U.S. dollars. They are everywhere -- on the downtown streets of Charlotte Amalie, within the large resorts, and in shopping arcades -- making it easy to get quick cash. Many establishments in the Virgin Islands, including most of those recommended in this guide, accept credit cards. MasterCard and Visa are widely accepted on all the islands that cater to visitors, especially Virgin Gorda, Tortola, St. John, St. Croix, and, of course, St. Thomas.
However, visitors should not rely solely on credit cards, as many establishments in the Virgin Islands accept only cash. Often, villas and condos or small inns will only accept cash or personal checks in advance.
How to get around in the U.S. Virgin Islands?
Seaborne Airlines operates seaplanes between the downtown harbors of St Thomas' Charlotte Amalie and St Croix' Christiansted. The flight takes 20 minutes and goes roughly once per hour. Cape Air goes between St Thomas’ and St Croix’ main airports.
Frequent ferries run between the St Thomas and St John. They go hourly from between Red Hook and Cruz Bay (US$7 one way, 20 minutes), and three times daily between Charlotte Amalie and Cruz Bay (US$13 one way, 45 minutes). No ferries currently go to St Croix. Check VI Now (www.vinow.com) for updated schedules.
Vitran operates air-conditioned public buses over the length of St Thomas, St John and St Croix. Buses run daily between 5:30am and 7:30pm (approximately one bus per hour). Service isn't very reliable. St Thomas also has ‘safari’ buses, ie open-air trucks outfitted with benches.
To rent a car in the USVI you need to be at least 25 years old, hold a valid driver’s license and have a major credit card. Cars start at around US$70 per day (higher on St John). If you’re traveling in peak season, it’s wise to reserve a couple of months in advance, as supplies are limited. Major international car-rental companies have branches at the airports and sometimes at ferry terminals.
All the islands have taxis that are easily accessible in the main tourist areas. Most vehicles are vans that carry up to 12 passengers; sometimes they’re open-air trucks with bench seats and awnings and room for 20 people. Taxis service multiple destinations and may stop to pick up passengers along the way, so rates are usually charged on a per-person basis. Rates are set, with prices listed in the free tourist magazines and at VI Now (www.vinow.com). Rates go down a bit if more than one person takes the taxi. Always confirm the price before getting in.
Travel tips for the U.S. Virgin Islands.
Adventurous travelers love zipliningthis link opens in a new tab here, while the more leisurely prefer chartering a boat, eating slow West Caribbean lunches, and sipping wine. If you need a workout, look for the famed “99 steps” in Charlotte Amalie, the capital city of the Virgin Islands, which lead to Blackbeard’s Castle. Constructed in the 1660s by the Danish military, it's a great spot for a view.
Snorkeling and diving are top-notch here, with gorgeous reefs that lure visitors worldwide (the Virgin Islands Coral Reef Monument is a terrific spot for donning your goggles). And don’t miss the sprawling national parkthis link opens in a new tab on St. John, where you can snorkel, camp, and hike along mountain paths to hidden coves.
Travel money for the US Virgin 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 US Virgin Islands Trip Checklist
Sending money to the US Virgin Islands
When searching around for information on how to get a good exchange rate when sending money to the US Virgin 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 US Virgin Islands
When sending money to the US Virgin 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 US Virgin 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!