A guide to currency and exchange rates on Tobago

The currency of Trinidad & Tobago is the T&T dollar. Coins come in denominations of TT$1 and 50, 25, 10, 5 and 1 cents; and banknotes in TT$1, 5, 10, 20 and 100.

Major credit cards (Master Card, Visa, American Express) are accepted almost everywhere, but don't expect to use cards at small shops, stalls and bars, etc. The US dollar is accepted in most establishments, but it is wiser and cheaper to use local TT currency. It certainly does not make financial sense to change from your local currency to US dollars and then have these converted to TT dollars at typical rates of less T&T Currencythan TT$6=US$1. You are also more prone to being short-changed when paying in foreign currency - few of us have minds sharp enough to carry out exact mental calculation of the conversion and 'mistakes' can easily happen. It's funny how such errors always seem to be in the merchant's favour (like everywhere in the world).

Probably the most convenient method of obtaining cash is to use the ATM/ABM machines. However, charges and interest can make this an exorbitantly expensive way of obtaining cash with the wrong sort of card and/or unless you pay off the full balance by the end of the month.

If you wish to draw cash against a credit/debit card at the bank counter, make sure you take your passport for identification. Travellers cheques in British Pounds Sterling, U.S. dollars, Canadian dollars and Euros are widely accepted and probably the most all-round convenient means of payment. Large banks will offer the best exchange rates. Avoid black marketers at all cost and be warned that changing them at your hotel is probably likely to cost you dearly.

My normal suggestion to visitors is to arrange for around £200 (US$350) of T&T currency from your bank at home. If you normally pay the balance on your credit card off in full monthly and the card does not charge a daily interest rate on cash withdrawals abroad, then you can't beat the convenience of this for extra cash while you are away. If this doesn't apply, then travellers cheques in your local currency (Sterling, Euros, US or Canadian dollars) are probably the best bet.

Exchange Rates


1 (Pound Sterling)

= TT$8.20

€1 (Euro)

= TT$ 7.31

US$1 (US Dollar)

= TT$ 6.00

CA$1 (Canadian Dollar)

= TT$ 5.06

Our exchange rates are updated weekly, or more regularly when currencies are more volatile. The local banks are unable to provide us with regular currency  updates, so our figures are the mid-market rates from, adjusted by 4-7% to more accurately represent the average tourist 'buy' rate available from any of the main banks on Tobago.

Our currency data was last updated on 21 October 2016.

The tourist rates offered by the local banks vary from bank to bank - with Scotia Bank generally offering the best rates and First Citizens Bank the worst. The current foreign exchange rates of the major T&T banks can be found at the following web pages:

Red Squirrel  Leatherback Turtle

Tobago Satellite Map

Enjoy interactive satellite maps of Tobago. If you have Google Earth download the map here. If not, click the map below to view in a browser window.

GBP = $8.20 

   USD = $6.00

EUR =  $7.31 

   CAD = $5.06

  Mid-market rates per

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Page Updated: 01 Jun 16