We’ll delve into the intriguing world of currency! Today, we’re highlighting the Eastern Caribbean dollar (XCD), Grenada’s official currency. Join us as we delve into the history, design, and application of the XCD, providing you with vital insights for your next visit to our lovely island.
East Caribbean Currency History
The Eastern Caribbean dollar has a lengthy history, dating back to the 1960s when it was created to replace the British West Indies dollar. The Eastern Caribbean Central Bank (ECCB) regulates the XCD, which is the official currency of eight Caribbean countries, including Grenada.
Denominations and Designs
The XCD comes in a variety of denominations, including banknotes and coins. Banknotes contain renowned landmarks, historical people, and bright imagery that reflect each country’s unique culture and legacy. From Saint Lucia’s magnificent Pitons to Grenada’s historic Fort George, each banknote conveys a Caribbean story. Coins (5, 10, 25 cents, and $1) and banknotes (5, 10, 20, 50, and $100) are common denominations.
XCD Exchange Rates
During your stay to Grenada, you will see that the XCD is extensively accepted for transactions throughout the island. The XCD’s exchange rate never fluctuate against major international currencies such as the US dollar (1 USD to 2.67 Eastern Caribbean dollars) and the euro (EUR 1 GBP equaling 3.5492 XCD). To make educated purchases when shopping in local markets which offers $2.50ec for $1 usd, dining at restaurants, or visiting tourist attractions, you should be conversant with the current currency rates.
XCD exchange rates
| USD | ZAR | AUD | GBP | CAD | INR | SGD | EUR | |
|---|---|---|---|---|---|---|---|---|
| From XCD | 0.37037 | 6.43048 | 0.56827 | 0.28224 | 0.52100 | 32.81440 | 0.48335 | 0.32171 |
| To XCD | 2.70000 | 0.15551 | 1.75973 | 3.54308 | 1.91939 | 0.03047 | 2.06889 | 3.10838 |
Advice for Handling Currency
As you plan your trip to Grenada, take the time to learn more about the Eastern Caribbean dollar and its role in our local economy. Understanding the currency’s history, design, and usage will improve your vacation experience and give you a greater appreciation for our island nation.
Stay tuned for more instructive content on our website, where we’ll give useful tips to help you make the most of your time in Grenada!
