What is the official currency in Ecuador?
What is the official currency in Ecuador?
United States Dollar
Ecuador/Currencies
The official currency of Ecuador is the US dollar. While US dollar bills are used in Ecuador, the country issues its own centavo coins. US dollars have been used in Ecuador since 2000 and replaced the former currency, the Ecuadorian sucre. When introduced the dollar was equal to around 25,000 sucres.
What was the old Ecuador currency?
Sucre
The Sucre (Spanish pronunciation: [sukre]) was the currency of Ecuador between 1884 and 2000. Its ISO code was ECS and it was subdivided into 10 Decimos or 100 Centavos. The sucre was named after Latin American political leader Antonio José de Sucre.
What happened to Ecuador currency?
The US dollar became legal tender in Ecuador on March 13, 2000, and sucre notes ceased being legal tender on September 11. Sucre notes remained exchangeable at Banco Central until March 30, 2001, at 25,000 sucres per dollar.
Is Ecuador cheap to travel?
Ecuador is one of the cheapest countries in South America. Unless you really, really pay attention to everything. From our experience a daily budget of 22€ per person would be more relevant.
How much is $500 US in Ecuador?
US dollars to Ecuadorian sucres conversion table
| amount | convert | Result |
|---|---|---|
| 20 USD | USD | 495 534.32 ECS |
| 25 USD | USD | 619 417.90 ECS |
| 100 USD | USD | 2 477 671.61 ECS |
| 500 USD | USD | 12 388 358.05 ECS |
How much is a beer in Ecuador?
Cost of living in Ecuador is, on average, 45.73% lower than in United States….Cost of Living in Ecuador.
| Restaurants | Edit |
|---|---|
| Meal for 2 People, Mid-range Restaurant, Three-course | 30.00$ |
| McMeal at McDonalds (or Equivalent Combo Meal) | 6.00$ |
| Domestic Beer (1 pint draught) | 2.00$ |
| Imported Beer (12 oz small bottle) | 3.50$ |
Are clothes cheap in Ecuador?
Or cheap? If we’re going to compare to the USA, like many like to do here then yes clothing is much more expensive. But for high quality items like leather products and alpaca, you can get such items for about half the cost of similar products in North America and Europe.