The Belize Dollar (BZD) is the official currency of Belize. The exchange rate is pegged to the US dollar at a fixed rate of BZ$2 to US$1. This means that 200 BZD is equivalent to 100 USD. However, the parallel market rate is often slightly higher, with BZ$2.05 offered for US$1.
The Belize Dollar can be exchanged at most banks and hotels, and ATMs in Belize usually accept foreign cards. Many businesses in Belize also accept US dollars directly.
Characteristics | Values |
---|---|
Exchange Rate | 1 BZD = 0.5 USD |
1 USD = 2 BZD | |
1 BZD = 0.458 EUR | |
1 BZD = 0.389556 GBP | |
1 BZD = 0.70483 CNY | |
1 BZD = 1.431755 JPY |
What You'll Learn
Belize Dollar (BZD) is the official currency of Belize
The Belize Dollar (BZD) is the official currency of Belize. It is abbreviated with the dollar sign $, or BZ$ to distinguish it from other dollar-based currencies. The Belize Dollar is divided into 100 cents and is pegged to the US dollar at a fixed rate of BZ$2 to US$1. This has been the case for over 25 years.
The Belizean banknotes come in denominations of $2, $5, $10, $20, $50, and $100, with the $100 bill known colloquially as a blue buay (blue boy). The coins come in denominations of $1 and $2, with smaller coins of 50, 25, 10, 5, and 1 cent. The $1 coin is the most prominent in circulation.
The Belize Dollar is printed by the British firm Thomas De La Rue Ltd. and features an image of Queen Elizabeth II on the front. Belize is a member of the British Commonwealth, and as a former colony of Great Britain, this is reflected in its currency.
The Belize Dollar has a relatively stable exchange rate, which is influenced by its connection to the US dollar. This makes it a reliable currency for businesses and tourists alike. Visitors to Belize can use US dollars in most places, but change will usually be given in Belize Dollars. ATMs in Belize usually accept foreign cards, and many businesses accept US dollars. However, it is recommended to carry cash, as many local shops and restaurants do not accept credit cards.
For those with a Belize passport, it is important to note that the law against owning or holding foreign exchange does not apply when entering the country. However, you must declare an amount of BZ$10,000 or more (or the equivalent in any other currency or denomination).
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BZD is hard pegged to the US dollar at a fixed rate of BZ$2 to US$1
The Belize dollar (BZD) is the official currency of Belize. It is often abbreviated with the dollar sign $, or BZ$ to distinguish it from other dollar-denominated currencies. The BZD is pegged to the US dollar at a rate of 1:2, meaning one US dollar is equal to two Belize dollars. This fixed exchange rate has been in place since 1978, but the BZD was only recognised as the official currency of Belize in 1981, the year the country gained independence.
Prior to this, Belize used the British Honduras dollar, British pounds, and Spanish dollars at various points in its history. The Spanish dollar was the currency in circulation in Belize between 1765 and 1825. After this, the British sterling monetary system was used in Belize, as was the case in some other countries in the region, including Jamaica and Bermuda.
The Spanish and British disputed ownership of the region, and Belize officially became a British colony in 1862. Belize's currency was initially pegged to the British pound, but in 1931, when Britain abandoned the gold standard, it became pegged to the US dollar. The BZD was first issued in 1974, and in 1982, the Central Bank of Belize was established to manage the nation's foreign reserves and issue its currency.
The BZD is divided into 100 cents, with denominations of the BZD including banknotes of $2, $5, $10, $20, $50, and $100, and coins of 1, 5, 10, 25, and 50 cents, as well as BZ$1 coins. As of August 2020, 1 BZD is equal to US$0.50.
While the BZD is the official currency of Belize, many businesses in the country accept US dollars. Additionally, ATMs in Belize usually accept foreign cards, and MasterCard, Visa, and AMEX are widely accepted. However, it is important to note that Belize law allows travelers entering the country to bring a maximum of US$5,000 in cash, checks, or negotiable instruments. This limit is per adult individual, and the total sum of money must be declared on a Disembarkation Card before presenting it to the Belize Customs Authority at all air, sea, or land entries.
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BZD 1.000 is equivalent to USD 0.5000
The Belize dollar (BZD) is the official currency of Belize. As of March 15, 2024, 1 BZD was equivalent to 0.50 US dollars (USD). This rate remained unchanged from the previous day.
On July 23, 2024, 1 BZD was equivalent to 0.496332 USD. This rate also represents the average exchange rate for the past 30 and 90 days, with no change in the exchange rate during this period.
Converting currencies often involves extra costs from banks and traditional providers, which are passed on to the customer through marked-up exchange rates. These additional costs can be avoided by using a service that offers the mid-market exchange rate and no hidden fees.
As a reference, here are some other amounts of Belize dollars converted into US dollars:
200 BZD = 99.19 USD
100 BZD = 49.653266 USD
10 BZD = 4.965327 USD
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200 BZD is worth £77.91 or €91.65
The Belize Dollar (BZD) is the official currency of Belize. The exchange rate is pegged to the US dollar at a fixed rate of BZ$2 to US$1. However, a parallel informal market usually offers BZ$2.05 for US$1.
As of January 10, 2024, 200 BZD was worth £77.91 or €91.65. The exchange rate fluctuates, so it is always a good idea to check the current rate before exchanging currency.
MasterCard, Visa, and AMEX are widely accepted in Belize, and many businesses accept US dollars. ATMs in Belize usually accept foreign cards.
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Many businesses in Belize accept US dollars
The Belize dollar is the official currency of Belize, and it is pegged to the US dollar at a rate of BZ$2 to US$1. While you can use US dollars in Belize, it's important to note that US coins are not accepted. It is recommended to bring smaller US bills, as larger bills may be hard to cash in smaller villages or shops, and there is a risk of counterfeiting.
Belize dollars are divided into 100 cents, and the bills come in denominations of $2, $5, $10, $20, $50, and $100. The coins are in denominations of 1 cent, 5 cents, 10 cents, 25 cents (or a shilling), and 50 cents, as well as a $1 coin.
When paying for goods and services in Belize, it is common to use a mix of both currencies. Most businesses in Belize accept US dollars, and you will likely receive your change in Belize dollars. However, it is important to be aware of the exchange rate and the prices quoted to avoid overpaying.
Additionally, while credit cards are accepted at many larger businesses, cash is still the standard form of payment in Belize. It is recommended to carry more than one credit card, as some may not work due to various reasons, such as international transaction fees or card blocks due to suspicious foreign activity.
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Frequently asked questions
200 BZD is equal to 100 USD.
The exchange rate is pegged at BZ$2 to US$1.
Yes, many businesses in Belize accept US dollars.
Yes, ATMs in Belize usually accept foreign cards.
The official currency of Belize is the Belize Dollar (BZD).