Aruba, a beautiful island in the Caribbean, features a unique currency system that can be confusing for tourists. While the Aruban Florin (AWG) is the official currency, the U.S. Dollar (USD) is widely accepted, making it convenient for American visitors. Most businesses, including restaurants, hotels, and shops, list prices in USD and give change in a mix of both Aruban Florin and U.S. dollars.
Understanding the currency exchange rates and the best ways to manage your travel money in Aruba can help you avoid unnecessary fees and save during your trip. This guide will walk you through all you need to know to navigate the Currency System in Aruba effortlessly.
How the Aruban Florin Compares to Other Caribbean Currencies?
The Aruban Florin (AWG) is the official currency of Aruba, and it’s used for everyday transactions; however, it’s not the only currency you’ll encounter. While many Caribbean countries have their own local currencies, Aruba’s currency exchange system is unique in that the U.S. Dollar (USD) is widely accepted. The Aruban Florin is often pegged to the U.S. Dollar, making it easy for tourists, especially Americans, to understand the value.
When you compare the Aruban Florin (AWG) to other Caribbean currencies like the Bahamian Dollar (BSD) or the Jamaican Dollar (JMD), you’ll see that the exchange rate for the Aruban Florin tends to be stable. Many tourists prefer to deal in U.S. Dollars (USD) as it reduces the need for currency conversion. This makes it easier to plan your Aruba tourist spending.
Why the U.S. Dollar Is Still the Most Convenient Option for Tourists in Aruba?
The U.S. Dollar (USD) remains the most convenient currency for tourists in Aruba. It is accepted nearly everywhere, including in Aruba shopping areas, restaurants, and even taxi cabs. In fact, most prices in tourist areas are quoted in USD, so you don’t need to worry about figuring out the exchange rate while you’re out exploring.
Although the Aruban Florin (AWG) is the official currency, you’ll likely receive U.S. Dollar (USD) change when you make purchases. This makes budgeting easier for American travellers. With the Aruba financial tips outlined here, you’ll be able to make wise decisions on when to use AWG and when to pay in USD.
Is It Better to Exchange Currency Before Your Trip or Upon Arrival in Aruba?
When it comes to exchanging money for your trip to Aruba, you have two main options: exchange your currency before you leave or wait until you arrive. While you can exchange your foreign currency in Aruba at currency exchange services in banks or at the airport, many tourists prefer to do so before they depart.
Exchanging your money at home can give you more control over the exchange rates in Aruba. However, waiting until you arrive might provide you with access to better rates, especially if you find a good spot in Aruba to exchange money. Consider your options carefully before deciding whether to exchange your currency for Aruban Florin (AWG) or USD before you travel.
Top Tips for Saving on Currency Exchange Fees When Visiting Aruba
Currency exchange fees can fit into your vacation budget if you’re not careful. To avoid paying high fees, make sure to compare rates at different places. ATMs in Aruba are an excellent option for withdrawing cash in AWG or USD. However, some ATMs for local currency may charge foreign transaction fees, so be aware of this.
One of the best ways to avoid high foreign exchange fees is to use a multi-currency card, such as the Wise Travel Card. This card allows you to hold both U.S. dollars (USD) and Aruban florins (AWG), making it easy to switch between the two currencies. Additionally, the Wise travel card provides competitive exchange rates with no additional fees for using it abroad.
What Are the Best Currency Exchange Options in Aruba for Travellers?
If you wish to exchange your money upon arrival in Aruba, several good options are available. Banks and currency exchange services in Aruba offer the best exchange rates; however, you may encounter long lines. ATMs in Aruba are another excellent choice for getting cash, but they often charge a withdrawal fee.
Some hotels and resorts also offer currency exchange, but the rates may not be as favourable. To get the best deal, it’s wise to check the Aruba bank’s exchange rate before exchanging any foreign currency in Aruba. A good rule of thumb is to only trade small amounts of cash at your hotel or resort.
The Most Common Payment Methods in Aruba: Cash vs. Card
In Aruba, you have two primary options for payment: cash or card. Many visitors use a combination of both. Cash payments are often preferred for small purchases, like tipping or buying souvenirs. You’ll find that Aruban Florin coins and Aruban Florin banknotes are used for everyday transactions, and USD is commonly accepted for larger purchases.
On the other hand, credit card payments are widely accepted in hotels, larger stores, and restaurants in Aruba. The most commonly accepted cards are Visa, Mastercard, and American Express. If you prefer cashless payments, using your card is a convenient and safe option; however, always check for any foreign transaction charges that may apply.
How to Avoid Currency Conversion Pitfalls in Aruba?
When you’re travelling, it’s easy to fall into the trap of bad currency conversion deals, especially if you’re unfamiliar with local exchange rates. One common mistake is withdrawing money from ATMs for local currency without checking the currency conversion rates. Always check the fees before making any transaction, and be aware of foreign transaction charges on your credit or debit card.
To avoid these pitfalls, consider using a travel debit card from Aruba that offers low fees and reasonable currency conversion rates. The Wise Travel Card is an excellent option because it provides a mid-market exchange rate without markup, allowing you to save on currency exchange services.
What to Know About Credit Card Fees When Using Cards in Aruba?
Using a credit card in Aruba can be a convenient option. Still, it’s essential to be aware that some cards incur additional fees for international transactions. Most foreign transaction charges range between 1% and 3% of the total transaction amount. To avoid these extra fees, consider cards that offer no foreign transaction fees, such as the Wise Travel Card.
Be sure to inform your credit card provider about your travel plans, so your card isn’t blocked for suspicious activity. This simple step can help you avoid payment issues while enjoying your time in Aruba.
The Impact of Currency Fluctuations on Your Aruba Vacation Budget
One of the biggest challenges for travellers is dealing with currency fluctuations. As exchange rates change, the value of the Aruban Florin (AWG) against the U.S. Dollar (USD) can shift. This can impact your Aruba vacation budget.
To avoid surprises, try to keep track of currency fluctuations before you exchange your money. Utilize online tools or apps that provide the current Aruba bank exchange rate and assist you in planning your spending accordingly. This way, you’ll know when it’s the best time to exchange your travel money in Aruba.
Conclusion
Aruba offers a unique currency system, where both the Aruban Florin (AWG) and U.S. Dollar (USD) are widely used. By understanding how currency exchange works and being smart about your payment methods, you can make your vacation more enjoyable and cost-effective. Whether you choose to use cash, credit, or a travel card like the Wise travel card, being informed about the best currency exchange options will help you avoid any unnecessary fees. Keep these Aruba financial tips in mind and enjoy your trip without worrying about your wallet.
FAQ’s
1. What is the best currency to take to Aruba?
The best currency to take is the U.S. Dollar (USD), as it is widely accepted throughout the island.
2. How much is $100 US in Aruba?
USD 100 is approximately 175 Aruban Florin (AWG), depending on the current exchange rate.
3. How much is $20 US in Aruba?
USD 20 is roughly 35 Aruban Florin (AWG), based on the current exchange rate.
4. Should I bring cash or a card to Aruba?
It’s best to bring both cash (in USD) for small purchases and a credit card for larger transactions.
5. What not to bring to Aruba?
Avoid bringing Canadian Dollars (CAD), as they are not widely accepted in Aruba.
