Culture and traditions

The Belizean dollar: characteristics, value and exchange rate

The official name of the currency of Belize, a country of around 380,000 inhabitants, is that of Belizean dollar. In this article, we give you useful information and interesting curiosities about it, and we indicate what is the exchange rate that it has with respect to other important currencies of the world, such as the US dollar, the euro and the Mexican peso.

Below you have an index with all the points that we are going to deal with in this article.

Belizean dollar

Belize is a small country in Central America that was previously known as British Honduras. Its official currency is called Belize dollar or Belizean dollar. Its ISO code is BZD and, its sign, $ or BZ $.

This currency is divided into one hundred cents. We find coins of 1, 5, 10, 25 and 50 cents and 1 dollar. Also, the bills that are currently in circulation are those of 2, 5, 10, 20, 50 and 100 Belizean dollars. The body responsible for issuing them is the Central Bank of Belize.

The history of the Belizean dollar dates back to 1885, the year in which it replaced the British pound used until then, since this country was a British colony until its complete independence in 1981, the year in which the design of the currency changed. At that time, 1 Belizean dollar was equivalent to 4 shillings and 2 peñiques, or what is the same, US $ 4.80.

As we can see in this image of a 50 cents coin, as in much of the bills and coins, appears Queen Elizabeth II, monarch of Belize, a country that is part of the Commonwealth of Nations or Commonwealth.

Exchange rate

This is the value of the Belize dollar with respect to other major currencies in America and Europe:

  • 1.00 BZD = 0.50 US dollars (USD)
  • 1.00 BZD = 9.44 Mexican pesos (MXN)
  • 1.00 BZD = 3.67 Guatemalan quetzales (GTQ)
  • 1.00 BZD = 0.46 euros (EUR)
  • 1.00 BZD = 5.06 Venezuelan Bolivars (FEV)
  • 1.00 BZD = 324.25 Chilean pesos (CLP)
  • 1.00 BZD = 7.70 Argentine pesos (ARS)
  • 1.00 BZD = 23.63 Dominican pesos (DOP)
  • 1.00 BZD = 1,435.91 Colombian pesos (COP)
  • 1.00 BZD = 11.74 Honduran lempiras (HNL)

The Belizean dollar has, since 1978, a type of fixed change with respect to the US dollar, so it never varies: two Belize dollars always equals one in the United States.

Thanks to this, US dollars are usually accepted in most establishments in Belize, so the inhabitants of the United States do not have to change money. Sometimes, it is also possible to pay with Mexican pesos.

However, if you come from another country, you must get Belizean dollars in one of the exchange houses in the area. You can also withdraw money directly from an ATM or request this currency exchange at a bank in your country.

You should keep in mind that it is possible that banks or exchange houses charge a commission for the service, so it is important to inform yourself before carrying out any transaction.

In hotels, restaurants and shops more and more are accepted cards credit or debit, which makes it easier for tourists to pay for the services and products they want to purchase.

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Finally, we have selected the previous and next article of the block "World Coins"so you can continue reading:

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