Money

Ecuador uses the US dollar (USD) as its currency. Other types of currency are not readily accepted.

U.S. paper money is used for most transactions. Ecuador has its own coins, which are approximately the same size and color as U.S. coins up through 50-cent pieces; both they and U.S. coins are used. U.S. dollar coins are also widely used, more so than in the U.S. Many merchants examine large bills ($10 and above) carefully to make sure they aren't counterfeit. Outside of tourist areas, many merchants do not keep large amounts of money on hand, so getting change for large bills (or even small ones) may be difficult.

The Euro, Sterling Pound and other exchange rates are variable. We suggest checking with Ecuador Boutique Travel personnel, your hotel reception or a bank. Try to keep small denomination notes to make transactions easier.

If you want to change your currency into U.S. Dollars we recommend you do this in your own country or to do so at a bank. For your security, do not have anything to do with street money changers.

Travelers' checks can be exchanged at some (but not all) banks for a reasonable fee (usually not more than 3 percent). They are also accepted at some hotels that cater to tourists, although it is difficult to use them elsewhere.

Credit and debit cards are accepted at many places that cater to tourists as well as at some upscale shops. However, many places charge a commission for their use as reimbursement for what the banks charge them. You may be asked to show your passport when using a credit or debit card.

Automated teller machines are widely available in major cities and tourist areas. Most are tied in with major international networks, making it possible to withdraw money from foreign accounts, although a transaction fee usually is charged.

Prices vary widely in Ecuador. Costs at upscale hotels and restaurants seem to be close, maybe 10 percent less, to what they would be in the United States. Outside of tourist areas, costs are much less. It is possible to get a meal at a clean restaurant for under $2 or to pay less than $10 for a clean but basic hotel room.