Ecuador in detail. Bargaining at outdoor markets is standard practice; at shops where prices are marked, this is not the case, although you may be able to make a deal when buying multiple items.
Prices for long-distance taxis and independently hired canoes are negotiable. In all cases, friendly and polite negotiation is key but you knew that. ATMs are the easiest way of getting cash.
US dollars are the official currency; they are identical to those issued in the USA. Due to counterfeiting issues with the peso, Ecuador decided to begin minting the peso fuerte in This coin was designed with such a high standard that was said to rival that of foreign coins.
But, this same high standard turned out to be a double-edged sword because the Ecuadorian public hoarded many of these peso fuerte coins, keeping them out of circulation. In , Ecuador adopted the French decimal system, and as a result, the franco became the currency of the day.
However, Ecuadorian peso coins remained in circulation in small quantities alongside the franco coins. But, once again, the peso quickly depreciated and was replaced by the less valuable currency from Bolivia and Chile until Ecuador adopted the sucre in For the next century, the sucre transferred between three different levels: silver standard, gold standard, and inconvertible paper.
In , the sucre was changed to a fixed rate that compared to the US dollar and remained that way until After this, the exchange rate of the sucre with the US dollar began to decline dramatically until the fallout of and the consequential adoption of the US dollar. A couple of things to remember when tipping in Ecuador:. A good way to tip your taxi driver is to simply round up the fare.
When dining in smaller, quaint restaurants, gratuity is usually not included on your bill. You need to know how you are going to exchange your money and how to pay for services and getting around.
If you still need more information, feel free to let us know in the comments. Officially changing to the US Dollar in , has made Ecuador even more attractive to travelers.
Ecuador has produced its own coins but carry equal value, and acceptance as the US coins. Only American paper money is used. These are globally accepted systems — you can just check the back of your banking card to see if it will work on these systems.
Credit cards are a safe means of accessing funds but are not widely accepted and you might find an additional charge added to your bill. The one thing to remember is to keep a record of the serial numbers so you can make your claim, should they be lost or stolen. I also blog about photography with a focus on GoPro and action cameras. My Aunt lived and served in Quito and surrounding areas as a missionary for 50 years.
Sadly she passed last September. In her belongings, she has paper and coins from all the changes in the Ecuadorian money system in this article. Because most of it is now obsolete, what is your suggestion to do with it? Do you suggest cashing it in at a bank or make available to collectors? Thank you. Past currency is an item for collectors. The banks won't accept it. And just before they stopped, the exchange rate was 25, sucres per dollar. Anyone know the story on this?
I am a Certified English Grammar Trainer and retired. Planning to move to Quito in October. What are the prospects of my working as a Trainer or Teacher. Will appreciate your help. It depends. Just like anywhere in the world, you could get robbed. But also just like everywhere else in the world, the thieves don't know how much you have on you. A rule of thumb for travelers everywhere is not to carry more than you are comfortable to lose.
Ecuador's currency is the US dollar. Collect your cash order in store or have it delivered to your door. Buy US Dollars here How much would you like? While US dollar bills are used in Ecuador, the country issues its own centavo coins. US dollars have been used in Ecuador since and replaced the former currency, the Ecuadorian sucre. When introduced the dollar was equal to around 25, sucres. The most commonly used bills for US dollars in Ecuador are the 1, 5, 10, 20, 50 and notes.
On a shoestring Mid range High end Please select your budget above. How many people are travelling? Stunning wildlife, untouched natural beauty and an opportunity to learn about their important conservation wait within these wild lands.
The largest historic centre in South America, Quito boasts charming city squares, stunning churches, top museums and a strong local art and craft scene; making it a favourite for artisans.
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