Belize's Currency Exchange: Understanding The Rates

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 1 BZD is worth approximately 0.5 USD. Many businesses in Belize also accept US dollars directly.

Belize Dollar to US Dollar exchange rate

The Belize Dollar (BZD) is the official currency of Belize. Its exchange rate is hard-pegged to the US dollar (USD) at a fixed rate of BZ$2 to US$1. This means that $1 USD is worth $2 BZD.

In practice, the BZ Dollar is accepted at a slight fluctuation, usually around $2.01-$2.02 BZ for one US Dollar. This is the rate that will be given when purchasing a bank draft, for example. However, some sources state that the mid-market rate is around $2.0239356 BZD to $1 USD.

It is worth noting that, while many businesses in Belize accept US dollars, the Belizean government has implemented some coercive currency controls. For example, Belize law allows travelers entering the country to bring a maximum of $5,000 USD in cash, checks, or other negotiable instruments. This limit is per adult individual, and the total sum must be declared on a Disembarkation Card before presenting it to the Belize Customs Authority.

Additionally, nationals and residents of Belize must fill out special forms and apply to purchase foreign exchange for any reason, including emergency medical treatment abroad or paying for imports. The government taxes these purchases, and banks charge a commission, which can sometimes result in banks having no foreign exchange for regular customers during times of high demand.

Belize Dollar to British Pound Sterling exchange rate

The Belize Dollar is the official currency in Belize, with the currency code BZD. The Pound Sterling is the official currency in the UK, with the currency code GBP. As of June 2024, 1 British Pound Sterling converts to approximately 2.5 Belize Dollars. This exchange rate has varied over time, with 1 British Pound equalling:

• 2.44061 Belize Dollars in March 2024
• 2.5739 Belize Dollars in May 2024
• 2.55621 Belize Dollars in July 2024

In the opposite direction, 1 Belize Dollar converts to approximately 0.4 British Pounds. This rate also varies, with some sources giving the rate as 0.387771847 or 0.391204 British Pounds to 1 Belize Dollar.

Belize Dollar to Euro exchange rate

The Belize Dollar (BZD) is the official currency of Belize. As of July 1st, 2024, 1 Euro is worth approximately 2.148 Belize Dollars. This means that the Belize Dollar is weaker than the Euro, as it takes more than two Belize Dollars to purchase 1 Euro.

The mid-market exchange rate for Euros to Belize Dollars as of June 23rd, 2024, is 1 EUR = 2.1548991 BZD. This rate is used for informational purposes and may not be the rate you receive when sending money. The exchange rate fluctuates over time and can be influenced by various economic and political factors.

On the same date, the 30-day average exchange rate for Euros to Belize Dollars was 2.1520, with a high of 2.1815 and a low of 2.1359. The 90-day average exchange rate was 2.1529, with a high of 2.1815 and a low of 2.1242.

When converting between currencies, it is important to be aware of the potential extra costs and markups that banks and traditional providers may add to the exchange rate. These fees can result in a less favourable rate when sending or converting money. Online currency converters and international money transfer services can provide real-time exchange rates and allow for efficient and cost-effective transactions.

Belize Dollar to Canadian Dollar exchange rate

The currency in Belize is the Belize Dollar (BZD), and the currency in Canada is the Canadian Dollar (CAD). As of the 22nd of July 2024, 1 Canadian Dollar is worth 1.4537 to 1.4722 Belize Dollars. This means that the Belize Dollar is weaker than the Canadian Dollar, as it takes more Belize Dollars to match the value of a single Canadian Dollar.

The exchange rate between the two currencies has fluctuated over time. For example, on the 22nd of July 2024, 1 Canadian Dollar was worth 1.4537 Belize Dollars. However, on the 18th of July 2024, 1 Canadian Dollar was worth 1.4722 Belize Dollars. These small fluctuations can impact the overall value of exchanges between the two currencies.

The historical exchange rate between the Canadian Dollar and the Belize Dollar has also seen more significant shifts. For instance, on the 13th of July 2023, the exchange rate reached its highest point in the previous year, with 1 Canadian Dollar equalling 1.5369 Belize Dollars. Conversely, on the 28th of October 2023, the exchange rate hit a low, with 1 Canadian Dollar equalling only 1.4489 Belize Dollars.

These variations in exchange rates can be influenced by various economic and market factors, and they can impact the timing and value of currency exchanges between the Canadian Dollar and the Belize Dollar.

US Dollar to Belize Dollar conversion

The official currency of Belize is the Belize Dollar (BZD), which is hard-pegged to the US dollar at a fixed rate of BZ$2 to US$1. This means that the Belize Dollar is worth half of a US Dollar.

As of July 23, 2024, the mid-market exchange rate is 1 USD = 2.0239356 BZD, or 1 BZD = 0.494087 USD. This rate is provided for informational purposes only and may not be the rate you receive when sending money.

The exchange rate has fluctuated over time, with the US Dollar buying as much as BZ$2.05 in the informal market. However, on May 2, 2023, the Belize Central Bank instructed banks and financial institutions to accept US cash currency at the official rate of 1 US dollar = 2 Belize dollars. Previously, these institutions had been giving a slightly lower exchange rate, claiming the difference as processing expenses.

Many businesses in Belize accept US dollars, and ATMs in the country usually accept foreign cards. MasterCard, Visa, and AMEX are also widely accepted.

Frequently asked questions