Contact US

Where to Exchange Money in Belize: Best Options for Travelers (San Pedro Edition)

Let’s be real—money exchange can be a bit of a headache when you’re traveling. Between hidden fees, bad rates, and sketchy exchange booths, it’s easy to lose money if you’re not careful.

But the good news? Exchanging money in Belize is actually pretty straightforward—especially if you know where to go (and what to avoid).

This guide will help you:

  • Get Belize Dollars (BZD) at a fair rate
  • Avoid exchange scams or rip-offs
  • Understand when you even need to exchange money at all

Let’s dive in

    🇧🇿 First: Do You Even Need to Exchange Money in Belize?

    Exchange Money in Belize

    Here’s something most first-time travelers don’t know:

    Belize accepts both BZD and USD.

    And the exchange rate is fixed:

    $1 USD = $2 BZD

    You can use USD nearly everywhere, especially in San Pedro, Ambergris Caye, and other tourist hubs.

    So When Should You Exchange?

    • You’re staying in local guesthouses or off-the-beaten-path villages
    • You want to avoid getting change back in coins or small BZD bills
    • You’re using public transportation or shopping in local markets
    • You prefer budget travel and want to pay exact prices (some places round up USD)

    Best Places to Exchange Money in Belize

    Here’s a breakdown of your top options, ranked from safest to sketchiest.

    1. Banks in Belize (Best Overall Option)

    Banks offer some of the most reliable and fair exchange rates, especially if you’re exchanging USD to BZD.

    Top Banks:

    • Atlantic Bank
    • Belize Bank
    • Scotiabank
    • Heritage Bank

    You’ll need:

    • Your passport or photo ID
    • Cash in good condition (no torn or overly worn USD bills)

    Pros:

    • Safe and secure
    • Honest exchange rate
    • No hidden fees

    Cons:

    • May have shorter hours (typically Mon–Fri, 8AM–2PM or 3PM)
    • Lines can be long in smaller towns

    In San Pedro, you’ll find banks conveniently located along Barrier Reef Drive and near the airstrip.

    2. ATMs Attached to Banks (Most Convenient)

    Belize City

    Most travelers prefer withdrawing BZD directly from an ATM using their debit card. This way, you avoid carrying large amounts of USD.

    Where to Find ATMs in San Pedro:

    • Scotiabank ATM (Barrier Reef Drive)
    • Atlantic Bank ATM (middle island, near airport)
    • Belize Bank ATM (downtown area)

    Pros:

    • Open 24/7
    • Dispenses BZD directly
    • Often gives better rates than airport exchange booths

    Cons:

    • May charge foreign transaction fees (check with your bank)
    • Daily withdrawal limits
    • Some ATMs may be out of cash on weekends or holidays

    Pro Tip: Use a travel-friendly card like Charles Schwab, Wise, or Capital One to avoid ATM fees.

    3. Airport Exchange Booths (Avoid if You Can)

    While it’s tempting to grab some local cash as soon as you land at Philip S. W. Goldson International Airport (BZE), the exchange booths there often charge unfavorable rates or hidden fees.

    Pros:

    • Convenient if you’re in a hurry
    • Open during flight hours

    Cons:

    • Poor exchange rates
    • Extra commissions or handling fees
    • Not worth it for larger amounts

    If you must exchange at the airport, do a small amount only ($20–$50 USD) for transportation or tips, then head to an ATM or bank once you’re settled.

    4. Currency Exchange Booths or Tour Desks

    Some tour companies, hotels, or shops offer to exchange USD to BZD. But rates can vary wildly.

    Pros:

    • Convenient
    • Often located near water taxis or tourist areas

    Cons:

    • Poor or rounded-up rates
    • Risk of being overcharged
    • Some may not be licensed or regulated

    Rule of thumb: If it’s not a bank or ATM, ask for the rate, do the math, and don’t exchange more than necessary.

    Travel Scenario: You Just Landed in Belize City, Heading to San Pedro

    Belize City

    Here’s how a smart money exchange strategy looks:

    • At the Airport: Skip the booth. Use your USD (small bills) to pay for your water taxi or flight to San Pedro.
    • In San Pedro: Withdraw BZD at a local ATM (Atlantic or Scotiabank).
    • Throughout the Trip: Use BZD for small purchases and USD for larger ones—just always know the 2:1 rate.
    • Leaving Belize: Spend your leftover BZD on snacks or souvenirs, or keep them as fun keepsakes. 💚💵

    FAQs – Money Exchange in Belize

    Do I need to exchange money before arriving in Belize?

    Not really. USD is accepted almost everywhere. Wait until you’re in the country to exchange or withdraw BZD.

    Is it better to pay in USD or BZD?

    Either is fine, but paying in BZD often avoids rounding or inflated prices.

    Are there limits on how much I can withdraw at ATMs?

    Yes, usually around $500–$1,000 BZD per day. Your home bank may have lower limits.

    Is there a black market for exchanging currency?

    Technically yes, but it’s not worth the risk. Stick with banks or trusted ATMs.

    Can I exchange BZD back to USD?

    It’s possible, but not easy—especially outside Belize. Try to spend your BZD before you leave.

    Final Take – Exchange Smart, Spend Freely

    Exchanging money in Belize doesn’t have to be a hassle—especially if you’re headed to San Pedro. By using trusted ATMs, banks, or smart cards, you’ll avoid hidden fees and have more cash to spend on snorkeling, beach bars, and reef adventures.

    So remember:

    • Bring small USD bills
    • Use bank ATMs or walk into a local branch
    • Avoid sketchy booths and street exchangers
    • Know the 2:1 USD-to-BZD rate like the back of your hand

    Simple, safe, and budget-friendly—that’s how we roll in Belize! 🇧🇿

    ×