Is it better to English pounds and change them or take Barbados dollars?.If pounds are better how easy is it to find somewhere to exchange them?.
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Good day davehelen15,
It is much better to bring English Pounds and change at any bank here to Barbados dollars. However, some banks require you to produce your passport or picture ID. So be advised accordingly. I am sure you will have a wonderful stay in Barbados.
You will need some currency to keep you going untill you get to a bank. As such you should get some US$ In the UK. They are widely accepted on a straight 2bds $ per 1us$. Personaly I take all my currency in US$ which saves having to visit a bank at all.
We take US$ (And maybe a few BBD$ leftover from previous holidays) and use debit card to get more cash from ATMs when needed. (We don’t like queuing in a bank to change currency.) Whether you pay in US or BBD you will be given change in BBD. We use cash for cheaper items (buses/lunch etc) and debit card for more expensive items - dinners/tours etc.
We take all US$ with us. 2BD$ to the US$ as near as dammit (actually 1.98). All change will be given in BD$. Restaurant prices are generally in BD$. Shops in US$, Best to check which before committing - a friend nearly had a seizure at the Sandy Lane Country Club when he mistook the price of his whiskey as US$ when it was BD$ !!!
In the days before I had a bank account here, I ALWAYS brought Sterling and changed it at the bank. Never saw the point of changing money twice and of course, the Currency in Barbados is Barbados Dollars not US
Using the US dollar, you will be given a rate of 1.95 to 1.98 in most shops and Restaurants. Water Sport Operators, Beach vendors and small Bajan Businesses may give you 2 to 1 , but in general, they are not keen on US Dollars ( unless they, or someone they know need them for holidays ) because THEY only get an exchange rate of say $1.95 when buying Gas ( Petrol ) etc, and at this time in Barbados, to many Bajans, every last cent matters .
Please bring Sterling and change it at the bank . Check this link for the daily rate,
To add to Westie's post above ... from what I've seen when in the bank --- most local people do not line up at the bank to change US $ into Bajan $ --- they will use it as Wesite mentioned, to buy something they Need -such as gas/petrol - Food - from a store, and then they'll get short changed from the $2 to $1 rate they accepted from a visitor, because they'll only receive $1.95/$1.98 from the Business --- Businesses have the equipment to convert FX and make change easily - whereas small vendors etc use the 2 for 1 rate strictly for simplicity... JMOEdited: 05 November 2017, 21:05
We always take a little US to get us through the first day or two, never more than that. We convert our funds to Bajan in Barbados. There is no charge, we get the best rate and don't see the point of converting to US and then using that in Barbados.