Grenada Money and Grenada Currency Conversion
Grenada’s Currency is the Eastern Caribbean Dollar (code = XCD). In fact the Eastern Caribbean (EC) Dollar is not only Grenada’s Currency, it is also the currency of Anguilla, Dominica, St. Vincent, St. Lucia, Antigua, Montserrat and St. Kitts & Nevis.
The XCD is pegged to the US dollar at about US$1 = EC$2.68. That means if the US dollar goes up the EC dollar goes up , and vice versa.
In this section you will:
- Use the Currency Converter to convert your local currency to Grenada Currency
- Become familiar with Grenada Coins and Banknotes
- learn useful tips about Credit Cards and ATMs
Grenada Money – Banknotes
The EC banknotes are in denominations of $5, $10, $20, $50 and $100 (pictured above). Notice anything odd. There is no $1 banknote. Several years ago there was a $1 banknote but it was replaced by the $1 coin. The downside of the $1 coin is that it can keep your wallet a little bulky and your pockets jingling. It takes a little getting used to.
Grenada Money – Coins
The EC coins come in 1 Cent, 2 Cents, 5 Cents, 10 Cents, 25 Cents, and 1 Dollar. I am often asked if I don’t forget and use the $1 coin in place of the 25 Cents. As you will see when you get them in your hands the coins are quite easy to distinguish from each other. However, it’s not a bad idea until you get use to the Grenada Money to make a mental note that you DO have a $1 Dollar coin.
The photo fo the EC coins above are complements Wikipedia. Not pictured is the new 5 Cents coin with the round edge that was launched in 2002.
The Currency Converter is already setup to convert from Grenada Currency (XCD) to the currency of your choice. Here’s what to do:
- Enter the amount of Grenada Currency you want to convert in the box.
- Do nothing in the first currency list
- Select the currency you are converting to in the second currency list
- Click the “Click Here to Perform Currency Conversion” button
How is the Currency Converter Handy
- Imagine you went on a little shopping spree in Grenada. Well this handy tool will help you assess the damage done to your wallet when you return, by showing you how much you spent in your local currency.
- Or better yet, say you plan to only spend US$1000 on gifts and souvenirs. Use the currency converter to calculate the Grenada Currency equivalent of US$1000, and stick to that budget.
It’s easy to get carried away when you are making purchases in a foreign currency.
There are several ATMs at central locations around the island. I have found this to be the best solution for all currency issues, for three reasons:
- ATMs accept my Bank of America Visa Check Card and dispense Grenada Money.
- ATM does the currency conversion, and the equivalent US dollars are debited from my US checking account.
- Eliminates the need for me to carry travelers cheques, or large sums of US dollars when traveling.
It’s all seemless, just as if I never left the US. If you have a major bank credit card you can do the same. Of course there is the usual couple dollars charged per ATM transaction for using an ATM other than your bank’s … but for the peace of mind and convenience I can live with that.
Credit cards are not yet widely accepted in Grenada. Most well established tourist entities like hotels, restaurants, gift/duty free shops, etc will take them, but that’s about it.
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