XCD (Eastern Caribbean Dollar)
Written by: Editorial Team
The Eastern Caribbean Dollar (XCD) is the official currency of eight Caribbean island nations, including Anguilla, Antigua and Barbuda, Dominica, Grenada, Montserrat, Saint Kitts and Nevis, Saint Lucia, and Saint Vincent and the Grenadines. The XCD is regulated by the Eastern Car
The Eastern Caribbean Dollar (XCD) is the official currency of eight Caribbean island nations, including Anguilla, Antigua and Barbuda, Dominica, Grenada, Montserrat, Saint Kitts and Nevis, Saint Lucia, and Saint Vincent and the Grenadines. The XCD is regulated by the Eastern Caribbean Central Bank (ECCB) and is pegged to the United States dollar at a fixed exchange rate of 2.70 XCD to 1 USD.
The XCD is subdivided into 100 cents and is available in denominations of 1, 2, 5, 10, 25 cents and 1 dollar coins, as well as 5, 10, 20, 50, and 100 dollar banknotes. As a currency that is primarily used in small island nations with small economies, the XCD is subject to currency fluctuations and may be affected by global economic events.
The use of the XCD is primarily limited to the Eastern Caribbean region, and it is not widely traded on international currency markets. However, travelers to the Caribbean can obtain XCD at local banks or currency exchange bureaus, and many businesses in the region accept major credit cards and US dollars in addition to XCD.