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Current exchange rates????????????

Posted By: Yakie

Current exchange rates???????????? - 11/27/07 05:03 PM

Just had a question about Belize's exchange rates..............is it true that the exchange rate there never changes from 2 to 1 for USD and 1 to 1 for CDN ???????????? With the current rate of CDN to USD we are probably better not to use the ATMs against our CDN accts, but, to exchange our CDN into USD travellers cheques, right????????? Any trouble cashing travellers cheques on the mainland or on the Cayes??????? Thanks again for the info provided on this site. We are under 60 days to go now. It's minus 30 with the windchill here today, so you can imagine that we are trying to countdown the days quickly!!!!!!!!!!!
Posted By: SimonB

Re: Current exchange rates???????????? - 11/27/07 05:09 PM

is it true that the exchange rate there never changes from 2 to 1 for USD - yes

and 1 to 1 for CDN - no, CDN dollars are not generally accepted except at the bank and the exchange rate is poor.

exchange our CDN into USD travellers cheques, right - right

Any trouble cashing travellers cheques on the mainland or on the Cayes - no

Posted By: seashell

Re: Current exchange rates???????????? - 11/27/07 07:54 PM

As far as I know, using the ATM on my Canadian account did not deplete my account dollar for dollar.
Posted By: Hon

Re: Current exchange rates???????????? - 11/27/07 08:20 PM

According to http://www.xe.com/ucc/full.php the exchange rate today is
1.00 BZD = 0.506607 CAD or 1.00 CAD = 1.97411 BZD
Posted By: seashell

Re: Current exchange rates???????????? - 11/27/07 08:29 PM

Or $400 BZ is $202 and change CDN
Posted By: SimonB

Re: Current exchange rates???????????? - 11/27/07 08:56 PM

You won't get that rate of exchange here. Even the exchange rate for US$ isn't 2 for 1 at the bank, more like $1.985. Better to buy US$ in Canada to use here.
Posted By: Hon

Re: Current exchange rates???????????? - 11/27/07 09:32 PM

Last year Bank of Montreal gave me market rate less 2 cents on the dollar on my ATM withdrawals at Belize Bank.

That said, I try to bring enough US cash and US$ Travelers Cheques so that I don't have to make withdrawals at all. However I also brought my sons with me last year and they were kinda hard on the wallet.
Posted By: Yakie

Re: Current exchange rates???????????? - 11/27/07 10:50 PM

Thanks for the great info...........it was what we thought, but, I wanted to be sure we were planning to do the right thing with our funds. Counting down the days........57 more to go.
Posted By: seashell

Re: Current exchange rates???????????? - 11/28/07 03:53 AM

Hmm, I guess I'd better check the bank account and see what I was charged. Fortunately, I started off with a pretty good wad of US cash and just started with the ATM when that got used up.
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