Best Places To Exchange Currency In Bolivia

If you're planning a trip to Bolivia, you'll need to get your hands on some bolivianos, the country's official currency. While Bolivia is one of the most affordable countries in South America, it can be tricky to buy its currency outside of the country, especially in places like the UK. Your best bet is to bring US dollars with you and exchange them at a Casa de Cambio (money exchange agency) or with street money changers once you arrive in Bolivia. You can also withdraw bolivianos directly from ATMs in major cities, but be aware of exchange rates and ATM fees. If you're entering Bolivia by air, you can exchange currency or withdraw bolivianos from ATMs at the airport in La Paz or Santa Cruz.

Online currency exchange platforms

One such platform is ManorFX, which offers competitive exchange rates and a simple online ordering process. They provide fast delivery, ensuring you receive your Bolivian banknotes securely and promptly. ManorFX also has a physical bureau de change in Datchet, near Heathrow, where you can collect your currency if you prefer.

Another option is Interchange Financial, which offers better exchange rates than banks and credit cards, with delivery available throughout Canada. They provide a convenient online ordering system, allowing you to receive your Bolivian currency within two business days. Interchange Financial guarantees market-leading rates through their Best Rate Guarantee™.

If you're based in India, BookMyForex is a popular online forex marketplace that offers Bolivian bolivianos at competitive rates. They provide a fully digital online process, allowing you to complete your currency exchange in just 5 minutes. BookMyForex also offers a multi-currency forex card, which can be loaded with 14 different currencies and comes with zero forex mark-up.

When using online currency exchange platforms, it's important to compare fees and exchange rates, as they can vary between providers. Additionally, keep in mind that some platforms may have minimum order requirements for free delivery. By exploring these online options, you can conveniently obtain Bolivian currency from the comfort of your home.

Currency exchange offices

Some currency exchange offices in larger towns and cities might offer Bolivian Bolivianos for exchange. These are often known as "Casas de Cambio" or "Casa de Cambios" in Bolivia. You can also find them at international airports.

In Bolivia, you can find money exchange services in every city and most towns. These can often give better rates than the banks, so it is worth checking them out. Stick with the ones that look reputable and have professional-looking offices.

In the UK, it can be tricky to buy Bolivian currency, and you won't usually find it available at banks or the Post Office. However, some specialised currency exchange offices might offer it.

In Canada, Interchange Financial offers Bolivian Bolivianos for delivery or pickup at one of their locations.

Major banks

Buying Bolivian Currency from Major Banks

It can be challenging to find Bolivian currency, even at major banks. The Bolivian boliviano is a minor currency, and due to its relatively low demand compared to major currencies like the US dollar or euro, it may not be readily available at your local bank. However, some banks can arrange foreign currency orders for customers, although this process may take some time.

If you plan to purchase Bolivian currency from a major bank, it is advisable to contact them in advance to check if they offer this service and to understand the process and timeline. It is also essential to compare rates and fees to ensure you get the best exchange rate.

When purchasing Bolivian currency, it is recommended to request a mix of larger bills and smaller coins. While US dollars are accepted in larger cities and stores in Bolivia, you will need the local currency, bolivianos, when travelling to smaller towns and remote regions. Additionally, many small stores and village businesses in Bolivia do not accept large denominations.

To avoid any issues during your trip, it is crucial to inform your bank about your travel plans before departing. This step will prevent your bank from freezing your card due to suspected fraudulent activity. Also, inquire about foreign currency conversion fees and international ATM fees, as these charges can quickly add up.

In summary, while major banks may not have Bolivian currency readily available, they can assist with foreign currency orders. It is important to plan ahead, compare rates, and be mindful of the specific currency needs for your trip to ensure a smooth and enjoyable experience in Bolivia.

ATMs

Availability and Locations

Bolivia has a network of over 4,000 ATMs across its cities, but they are less common in smaller towns and rural areas. When in major cities, look for ATMs at major airports, town squares, tourist areas, and malls. ATMs can also be found around main squares (Plaza de Armas) and close to the main banks.

Popular Banks with ATMs

The most popular banks with ATMs in Bolivia include BCP Bolivia, Banca Ganadero, BNB - Banco Nacional de Bolivia, BancoSol, and Mercantil Santacruz. These banks typically have multiple locations and are easily accessible.

Card Compatibility

Withdrawal Limits and Fees

Safety Considerations

It is recommended to use ATMs in busy, well-lit areas and exercise caution during nighttime withdrawals. Additionally, always be aware of your surroundings and keep your cash secure in a money belt or a discreet location.

Additional Tips

• Before your trip, inform your bank about your travel plans to prevent any unexpected card blocks.
• Carry multiple bank cards and store them separately.
• Withdraw larger amounts less frequently to reduce the impact of ATM fees.
• Consider using the ATM Fee Saver app to locate fee-free or low-fee ATMs in Bolivia.

Casas de cambio

It is worth noting that in the cities of the south of Bolivia and Potosí, it is possible to exchange Argentine and Chilean pesos. However, as mentioned, the exchange rate may not be favourable. Therefore, it is generally recommended to carry US dollars when travelling to Bolivia, as they are widely accepted and offer a better exchange rate than other currencies.

When exchanging money at a casa de cambio, it is important to negotiate for a preferable rate. This may involve comparing rates between different casas de cambio before finalising the transaction. Additionally, it is worth keeping in mind that some street money changers may offer similar services, but this option is only recommended for small amounts or in cases of emergency.

Frequently asked questions