Currency Guide for Travelers to Anguilla

When planning a trip to Anguilla, understanding the local currency is essential for a smooth travel experience. The official currency of Anguilla is the Eastern Caribbean Dollar (XCD), which is used across several islands in the region. Known for its stunning beaches and vibrant culture, Anguilla attracts visitors from around the world, making it important for travelers to familiarize themselves with the currency and its usage.

The Eastern Caribbean Dollar has a rich history that dates back to 1965 when it replaced the British West Indies dollar. It was introduced as part of an effort to unify the currencies of several Caribbean nations, promoting economic stability and cooperation. The Eastern Caribbean Central Bank (ECCB) manages the currency, which is pegged to the U.S. dollar at a fixed exchange rate of approximately 2.70 XCD to 1 USD. This peg helps maintain price stability and provides confidence for both locals and tourists when conducting transactions.

Currency Denominations

The Eastern Caribbean Dollar is subdivided into 100 cents, and both coins and banknotes are in circulation:

Coins:

• 1 cent
• 2 cents (withdrawn from circulation but still legal tender)
• 5 cents
• 10 cents
• 25 cents
• 1 dollar

Banknotes:

• 5 dollars
• 10 dollars
• 20 dollars
• 50 dollars
• 100 dollars

The banknotes feature images of Queen Elizabeth II and various cultural symbols relevant to the Eastern Caribbean region. In recent years, new banknotes with Braille symbols have been issued to assist visually impaired individuals.

Currency Usage Guide

While the Eastern Caribbean Dollar is the official currency, U.S. dollars are widely accepted throughout Anguilla, especially in hotels, restaurants, and shops. Many prices are quoted in U.S. dollars, making it convenient for American travelers. However, it’s advisable to carry some local currency for smaller purchases or transactions in local markets.

ATMs are available at banks and major establishments, allowing visitors to withdraw cash in Eastern Caribbean Dollars. Most major credit cards are also accepted; however, it’s wise to inform your bank of your travel plans to avoid any issues with card usage abroad.

Tips for Travelers Regarding Currency

1. Exchange Rates: Before traveling, check current exchange rates through reliable sources or currency converter apps to ensure you understand how much your money will be worth upon arrival.
2. Cash vs. Card: While credit cards are widely accepted, having cash on hand is essential for smaller vendors or places that may not accept cards.
3. Avoiding Fees: Be aware of potential fees associated with ATM withdrawals or credit card transactions abroad. Check with your bank regarding international transaction fees before your trip.
4. Local Markets: When shopping at local markets or small shops, using Eastern Caribbean Dollars may be more beneficial as some vendors may prefer local currency over U.S. dollars.
5. Keep Small Denominations: It’s helpful to have smaller denominations available for tips or small purchases, as larger bills may not always be easily changeable.
6. Safety Precautions: As with any travel destination, exercise caution when carrying cash and avoid displaying large amounts of money in public areas.

By understanding the currency landscape in Anguilla and following these tips, travelers can enjoy their visit without any financial hiccups while fully immersing themselves in the beautiful culture and experiences that this Caribbean paradise has to offer.