What is the best currency to use in the Caribbean?

But most widely accepted throughout the Caribbean is the U.S. dollar. It is the legal currency of the U.S. Virgin Islands, the British Virgin Islands, and Puerto Rico, and will be recognized just about anywhere you go. As such, throughout this guide, prices are listed in U.S. dollars.



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1 USD = 2.70255 XCD Oct 17, 2023 13:57 UTC Check the currency rates against all the world currencies here.

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The Barbados dollar (BD$) is the local currency in Barbados and is tied in value to the US dollar. It is advisable to exchange currency at the bank, as the most favourable exchange rates may not be obtained elsewhere. Many establishments will accept payments in US Dollars with change being given in local currency.

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The cheapest Caribbean islands to invest in property are Saint Vincent and the Grenadines and the Dominican Republic.

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Haiti is the poorest country in the Caribbean. Because of their weak economic state, people are ransacked by extreme poverty without hope of leadership or guidance from the government.

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So if you're on holiday or traveling for work, our advice is to decline the option of paying in your home currency and instead opt for the more reasonable conversion fees charged by your bank. Your travel experience could end up much cheaper if you do.

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