Puerto Rico Use of U.S. Currency
What is the currency of Puerto Rico?
Puerto Rico's monetary unit is the United States Dollar (USD) as it is a commonwealth country of the United States of America. Long story short - US dollar is official money used in PR. Puerto Ricans refer to the US Dollar as the 'peso' or 'dolar' (as simple as puerto rican dollar). The dollar is made up of 100 cents, called 'centavos' or 'chavitos' by locals. Nickels or 5c pieces are known as 'ficha' or 'vellons' by Puerto Ricans and they refer to quarters or 25c pieces as 'pesetas'. US dollar bills come in the following denominations: $1, $5, $10, $20, $50 and $100. Coins come in the following denominations: 1c, 5c, 10c, 25c and 50c.You may change exchange rates for other currencies using our currency exchange calculator below. Feel free to check Puerto Rico exchange rates compared to other currencies with our online currency calculator.
There are several institutions in Puerto Rico offering currency exchange services as well as branches of major banks from the USA, Canada and Europe. ATMs located around Puerto Rico are linked to banking networks throughout the world. Banking hours are from 9 am to 3:30 pm. Credit cards are accepted at most places while some places even accept travelers’ checks. Travelers’ checks come in the following denominations: $20, $50, $100, $500 and $ 1 000. If you need money wired to you quickly, it is advisable to use Moneygrams. With this service money can be transferred to you from anywhere in the world in just 10 minutes.
Convert Spanish Pesetas (ESP) to US dollar (USD)
The Spanish Peseta (ESP) is obsolete. It was replaced with the Euro (EUR) on January 1, 1999. One EUR is equivalent to 166.386 ESP.
Some rates and commissions to keep in mind when visiting Puerto Rico
When visiting Puerto Rico you will find that casino hotels charge an 11% tax on rooms, normal hotels charge 9% tax on rooms and inns charge 7% tax on rooms. Tips are generally 15% of the bill. The fact that the US Dollar is used as currency in Puerto Rico makes visiting the country much simpler – especially for visitors from the United States.