Currency and Foreign Exchange in Ecuador
If you would like to exchange traveler’s checks for Ecuadorian money please visit the exchange houses or any of the banks in the cities. Commission charged for cashing in of traveler’s checks ranges from 1% to 4%. Traveler’s checks are a great way to bring money into Ecuador as they offer greater security i.e. you can be reimbursed should the checks get lost or stolen.
ATM's can be found throughout Ecuador. Ecuador's ATM's accept most international credit cards and logos of credit cards which can be used are clearly displayed. Using an ATM provides you with access to cash 24 hours of the day. Be careful when using such facilities, ensuring that you always keep your pin number safe.
Most shops, restaurants, travel agencies and hotels will accept credit cards. Visa and MasterCard are the most commonly accepted credit cards in Ecuador. Certain places may charge an additional 4 to 10% on your bill to cover the bank charges for using credit cards. Transferring money to Ecuador takes about three working days. Several of Ecuador's banks have a close association with international banks and those in other countries.
User Comments & Reviews
2010-02-11 23:01:49
to all who are wondering about he currency exchange in Ecuador... The official tender since 2001 is the dollar, so if you are coming from the USA, you will use the same dollar, but if you come from any other country, all you have to do is check the rate exchange of the currency of your country against the dollar.
2010-02-04 17:51:45
JEF, Ecuador's currency is US dollars since 2001. They may not take all US-issued bills (i.e. some $100 bills) but you can use US dollars bills and coins over there. In regards to money transfers, you can use money in minutes through Western Union or other agencies or just a wire transfer (which only takes minutes) from a US bank to Banco de Guayaquil or Banco Internacional. Everything is really simple nowadays!
2010-01-19 12:00:14
Hi - Planning trip to Ecuador in November. Do I need to take Ecuadorian currency? Can I buy Ecuador currency in Canada? thank you JEF
2009-11-17 04:15:31
i am having an ecudorian currency of 50000 what will be its value today in dollars
2009-10-23 13:08:38
Dear Brij Misra, Thank you for visiting Ecuador.com. We have not included the exchange rate due to the rate not remaining the same. As exchange rates fluctuate, we would advise that you inquire about the rate, on the day of exchange.
2009-10-23 03:28:19
No mention abou the exchange rate!!!!
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