Which currency should you use when you transfer money to Grenada?
Transferring money to a recipient in another country is commonplace today. Most people will want a fast and safe transaction, which is why they will choose to send money to Grenada using an exchange broker. If this is something you have never done before you all want to know which currency you should use when you transfer money to Grenada.
It is possible to send US dollars to your recipient in Grenada however you should check with your recipient to see which currency they would prefer. The official currency of Grenada is the Eastern Caribbean dollar; this is used in the majority of the Eastern Caribbean islands. So when you complete a money transfer to Grenada make sure that you either send the Eastern Caribbean dollar or US dollars.
Should you check the exchange rate?
Everyone who completes a money transfer should really check the currency rate Grenada money is being exchanged for at any given time. However, if you are exchanging US dollars for Eastern Caribbean dollars you should be aware that the exchange rate between these two currencies is fixed. So you should expect to receive EC$2.67 to $1.00 as this is the rate that is being used at the moment. The only time that exchange rates will vary is if your recipient is exchanging traveller’s cheques in US dollars for currency as this can vary. You should also be aware that extra fees may be added to during such an exchange.
24 hour ATMs
Another thing that you should note when you arrange a currency transfer to Grenada is that there are plenty of 24 hour ATMs where your recipient can withdraw their money. It doesn't matter what time of day or night you send your currency your recipient will be able to access it easily. This should help you to reassure your recipient that they will be able to have their money instantly.
