The Belize dollar to USD exchange rate is a crucial aspect to consider when traveling to or doing business in Belize. The exchange rate can fluctuate significantly, with a current rate of approximately 2.00 BZD to 1 USD.
As of my last update, the Central Bank of Belize sets the exchange rate, which can be found on their official website. This information is subject to change and should be verified for the most up-to-date rates.
For tourists and travelers, understanding the exchange rate can help with budgeting and financial planning. It's essential to note that some businesses in Belize may quote prices in both Belize dollars and USD, so it's a good idea to be familiar with the current exchange rate.
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Understanding the Belize Dollar
The Belize dollar has a rich history, officially becoming the country's currency on January 1, 1974. Belize was previously a British colony and part of British Honduras, which was renamed Belize six months prior on June 1, 1973.
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Before the Belize dollar, the Spanish dollar was the currency in circulation in Belize between 1765 and 1825. The British sterling monetary system was then used in Belize, as was the case in some other countries in the region.
The Belize dollar is pegged to the US dollar at a rate of BZ$2 to $1 USD, a rate that has been in place since 1978. This means that for every one US dollar, you can exchange it for two Belize dollars.
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What Is the Belize Dollar?
The Belize Dollar is the official currency of Belize, and it's pegged to the US Dollar at a fixed rate of 2:1. This means that 1 Belize Dollar is equivalent to 0.50 US Dollars.
It's a stable currency, and you can exchange it easily at banks, currency exchange offices, or even some hotels and resorts.
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Understanding the Economy of Belize
Belize's economy is highly reliant on tourism and agriculture, with exports including sugar, bananas, citrus, and crude oil.
The country has diversified its economy, with tourism and the service sector now contributing significantly to Belize's GDP.
Agriculture makes up only about 10 percent of Belize's GDP, a significant decline from its former role as a mainstay of the economy.
Belize's GDP has grown steadily over the past decade due to expansionary monetary and fiscal policies, but growth has now slowed to an annual rate of about two percent.
The country continues to experience a high unemployment rate of about 10 percent, and struggles with a growing trade deficit and large foreign debts.
Tourism has become a major contributor to Belize's economy, and the country is working to develop its service sector to further diversify its economy.
Belize's inflation rate is about 0.6%, as of 2019 estimates, a relatively low rate compared to other countries in the region.
The Central Bank of Belize, established in 1982, manages the nation's foreign reserves and issues its currency, the Belize dollar.
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Currency Conversion
The Belize dollar (BZD) to US dollar (USD) conversion is a crucial aspect of traveling to or doing business in Belize. The current exchange rate is 0.5000 USD, as of February 3, 2025, 07:00 AM UTC.
The exchange rate can fluctuate, and the highest BZD to USD rate in the last 10 years was on March 29, 2020, when each Belize dollar was worth 0.5054 USD.
To convert Belize dollars to US dollars, you can use a currency converter like Valuta EX, which provides up-to-date exchange rates. The exchange rate BZD/USD is 0.49122, updated 41 minutes ago.
Here's a breakdown of the conversion rates:
Keep in mind that the exchange rate can change rapidly, so it's essential to check the current rate before making any transactions.
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Market Information
The Belize dollar is a widely traded currency, and if you're looking to exchange it for US dollars, you'll want to know the current market rates. The best BZD to USD exchange rate today is 0.5000 USD.
You can check the top currency pairings for Belize dollars, which include BZD to USD, CAD, INR, SGD, GBP, and AUD. This will give you an idea of how your Belize dollars can be exchanged for other currencies.
As of February 3, 2025, at 07:00 AM UTC, the BZD to USD exchange rate is 0.5000 USD, meaning you'll receive 0.5000 US Dollars for every Belize Dollar you exchange.
Market Table
The Belize Dollar is currently even year-to-date against the US Dollar.
You can convert Belize Dollars to US Dollars using the Valuta EX Currency Converter, which shows an exchange rate of BZD/USD 0.49122, updated just 41 minutes ago.
Over the past 10 years, the Belize Dollar has declined by 0.25% against the US Dollar.
As of February 3, 2025, at 07:00 AM UTC, the best BZD to USD exchange rate is 0.5000 USD, meaning you'll receive 0.5000 US Dollars for every Belize Dollar exchanged.
Lowest Rate in Last Year
The lowest rate in the last year for the Belize dollar (BZD) to US dollar (USD) exchange was a notable event. The BZD/USD rate hit its low point on February 1, 2024, at 0.5000 US Dollars per Belize Dollar. This means that for every Belize dollar you had, you could exchange it for just 0.5000 US dollars.
Frequently Asked Questions
How far does the US dollar go in Belize?
In Belize, the US dollar goes a long way, with a fixed exchange rate of 2:1, making every US dollar equivalent to 2 Belize dollars. This means you can enjoy a great value for your money in this beautiful Central American destination.
Is it better to use US dollars in Belize?
Yes, using US dollars in Belize is convenient due to the 2:1 exchange ratio with the Belize Dollar. However, using local currency can sometimes result in better exchange rates and more favorable transactions.
What is the best currency to take to Belize?
US currency is widely accepted in Belize, but you may also want to exchange for Belize dollars for some transactions
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