The currency of Belize is the Belize Dollar. Its ISO code is BZD. The official abbreviation of the currency is $ or Bz $.
The rate of the Belize dollar has been firmly tied to the US dollar since its inception. Currently, one US dollar is worth 1.97 BZD. Belize therefore often trades at an exchange rate of 1 to 2.
History of the currency of Belize
The Belize dollar was introduced back in 1864. At that time the country was still called British Honduras. When the country gained independence in 1973, not only was the name changed to Belize, but the currency was also renamed Belize dollars.
In its relatively short life span, the Belize dollar has barely seen much fluctuation. The state budget in the last few years was about $ 412.5 million, compared to revenue of $ 376.5 million. The national debt amounted to $ 961.7 million in 2008, which corresponds to about 68.2 percent of the gross domestic product. This led to a devaluation of the Belize dollar on the world market. Da Land is currently shouldering a budget deficit of 2.5 percent of GDP.
Exchange into Belize dollars
An exchange of the currency, for example from euros to the BZD, should be done domestically. Otherwise, the fees for changing in can be extremely high. Since the euro usually has more value in relation to the dollar, you get a much better exchange rate in the country. In other words, for one euro you get more money there than with an exchange outside of Belize.
The exchange rate of the Belize dollar can be calculated using the currency converter. Here you can not only see the current exchange rate, but you can also enter a certain amount which is then converted into the Belize dollar.