CURRENCY CONVERTIBILITY BY COUNTRY


FREE CURRENCY CONVERTIBILITY BY COUNTRY


Countries using freely convertible currencies make it easier for their citizens and outside investors to trade, invest and move capital internationally.

The map and table below categorize countries into three groups:

  1. Countries that use a freely convertible currency as their main medium of exchange (e.g., the USA using the USD). These countries are rated with a top score of 1.00.
  2. Countries that unofficially use freely convertible currencies alongside their own, official currencies (e.g., Afghanistan using the USD alongside the AFN (Afghan afghani). These countries are rated with a score of 0.50.
  3. Countries that do not use a freely convertible currency (e.g., China using the CNY (Chinese Yuan). These countries are rated with a score of 0.

MAP OF COUNTRIES BY CURRENCY CONVERTIBILITY


Users of Freely Convertible Currencies: Dark Blue = Yes // Medium Blue = Partially // Light Blue = No
FREE CURRENCY CONVERTIBILITY
RATING COUNTRY FREE CURRENCY CONVERTIBILITY EXPLANATION SOURCE
1.00 Andorra YES EUR User 5
1.00 Australia YES AUD User 1
1.00 Austria YES EUR User 1
1.00 Bahrain YES BHD User 1
1.00 Belgium YES EUR User 1
1.00 Canada YES CAD User 1
1.00 Cyprus YES EUR User 1
1.00 Denmark YES DKK User 1
1.00 East Timor YES USD User 4
1.00 Ecuador YES USD User 4
1.00 El Salvador YES USD User 4
1.00 Estonia YES EUR User 1
1.00 Finland YES EUR User 1
1.00 France YES EUR User 1
1.00 Germany YES EUR User 1
1.00 Greece YES EUR User 1
1.00 Hong Kong YES HKD User 1
1.00 Ireland YES EUR User 1
1.00 Italy YES EUR User 1
1.00 Japan YES JPY User 1
1.00 Kenya YES KES User 1
1.00 Kiribati YES AUD User 2
1.00 Kosovo YES EUR User 5
1.00 Kuwait YES KWD User 1
1.00 Latvia YES EUR User 1
1.00 Liechtenstein YES CHF User 3
1.00 Luxembourg YES EUR User 1
1.00 Malta YES EUR User 1
1.00 Marshall Islands YES USD User 4
1.00 Micronesia YES USD User 4
1.00 Monaco YES EUR User 5
1.00 Montenegro YES EUR User 1
1.00 Nauru YES AUD User 2
1.00 Netherlands YES EUR User 1
1.00 New Zealand YES NZD User 1
1.00 Nigeria YES -- 1
1.00 Norway YES NOK User 1
1.00 Palau YES USD User 4
1.00 Panama YES USD User 4
1.00 Portugal YES EUR User 1
1.00 San Marino YES EUR User 5
1.00 Saudi Arabia YES SAR User 1
1.00 Singapore YES SGD User 1
1.00 Slovakia YES EUR User 1
1.00 Slovenia YES EUR User 1
1.00 South Africa YES ZAR User 1
1.00 Spain YES EUR User 1
1.00 Sweden YES SEK User 1
1.00 Switzerland YES CHF User 1
1.00 Tuvalu YES AUD User 2
1.00 United Arab Emirates YES AED User 1
1.00 United Kingdom YES GBP User 1
1.00 United States YES USD User 4
0.50 Afghanistan PARTIALLY Also USD User 6
0.50 Bahamas PARTIALLY Also USD User 7
0.50 Barbados PARTIALLY Also USD User 8
0.50 Botswana PARTIALLY Also GBP User 9
0.50 Cambodia PARTIALLY Also USD User 10
0.50 Guatemala PARTIALLY Also USD User 11
0.50 Haiti PARTIALLY Also USD User 12
0.50 Lebanon PARTIALLY Also USD User 13
0.50 Lesotho PARTIALLY Also ZAR User 14
0.50 Liberia PARTIALLY Also USD User 15
0.50 Malawi PARTIALLY Also GBP User 16
0.50 Maldives PARTIALLY Also USD User 17
0.50 Namibia PARTIALLY ZAR User 14
0.50 Rwanda PARTIALLY Also GBP User 18
0.50 Sierra Leone PARTIALLY Also GBP User 19
0.50 Swaziland PARTIALLY Also ZAR User 14
0.50 Tanzania PARTIALLY Also GBP User 20
0.50 Uganda PARTIALLY Also GBP User 21
0.50 Zambia PARTIALLY Also GBP User 22
0.50 Zimbabwe PARTIALLY Also USD User 23
0.00 Albania NO -- 1
0.00 Algeria NO -- 1
0.00 Angola NO -- 1
0.00 Antigua and Barbuda NO -- 1
0.00 Argentina NO -- 1
0.00 Armenia NO -- 1
0.00 Azerbaijan NO -- 1
0.00 Bangladesh NO -- 1
0.00 Belarus NO -- 1
0.00 Belize NO -- 1
0.00 Benin NO -- 1
0.00 Bhutan NO -- 1
0.00 Bolivia NO -- 1
0.00 Bosnia and Herzegovina NO -- 1
0.00 Brazil NO -- 1
0.00 Brunei NO -- 1
0.00 Bulgaria NO -- 1
0.00 Burkina Faso NO -- 1
0.00 Burundi NO -- 1
0.00 Cameroon NO -- 1
0.00 Cape Verde NO -- 1
0.00 Central African Republic NO -- 1
0.00 Chad NO -- 1
0.00 Chile NO -- 1
0.00 China NO -- 1
0.00 Colombia NO -- 1
0.00 Comoros NO -- 1
0.00 Congo NO -- 1
0.00 Cook Islands NO -- 1
0.00 Costa Rica NO -- 1
0.00 Croatia NO -- 1
0.00 Cuba NO -- 1
0.00 Czech Republic NO -- 1
0.00 Democratic Republic of Congo NO -- 1
0.00 Djibouti NO -- 1
0.00 Dominica NO -- 1
0.00 Dominican Republic NO -- 1
0.00 Egypt NO -- 1
0.00 Equatorial Guinea NO -- 1
0.00 Eritrea NO -- 1
0.00 Ethiopia NO -- 1
0.00 Fiji NO -- 1
0.00 Gabon NO -- 1
0.00 Gambia NO -- 1
0.00 Georgia NO -- 1
0.00 Ghana NO -- 1
0.00 Grenada NO -- 1
0.00 Guinea NO -- 1
0.00 Guinea Bissau NO -- 1
0.00 Guyana NO -- 1
0.00 Honduras NO -- 1
0.00 Hungary NO -- 1
0.00 Iceland NO -- 1
0.00 India NO -- 1
0.00 Indonesia NO -- 1
0.00 Iran NO -- 1
0.00 Iraq NO -- 1
0.00 Israel NO -- 1
0.00 Ivory Coast NO -- 1
0.00 Jamaica NO -- 1
0.00 Jordan NO -- 1
0.00 Kazakhstan NO -- 1
0.00 Kyrgistan NO -- 1
0.00 Laos NO -- 1
0.00 Libya NO -- 1
0.00 Lithuania NO -- 1
0.00 Macau NO -- 1
0.00 Macedonia NO -- 1
0.00 Madagascar NO -- 1
0.00 Malaysia NO -- 1
0.00 Mali NO -- 1
0.00 Mauritania NO -- 1
0.00 Mauritius NO -- 1
0.00 Mexico NO -- 1
0.00 Moldova NO -- 1
0.00 Mongolia NO -- 1
0.00 Morocco NO -- 1
0.00 Mozambique NO -- 1
0.00 Myanmar NO -- 1
0.00 Nepal NO -- 1
0.00 Nicaragua NO -- 1
0.00 Niger NO -- 1
0.00 North Korea NO -- 1
0.00 Oman NO -- 1
0.00 Pakistan NO -- 1
0.00 Papua New Guinea NO -- 1
0.00 Paraguay NO -- 1
0.00 Peru NO -- 1
0.00 Philipines NO -- 1
0.00 Poland NO -- 1
0.00 Qatar NO -- 1
0.00 Romania NO -- 1
0.00 Russia NO -- 1
0.00 Samoa NO -- 1
0.00 Sao Tome and Principe NO -- 1
0.00 Senegal NO -- 1
0.00 Serbia NO -- 1
0.00 Seychelles NO -- 1
0.00 Solomon Islands NO -- 1
0.00 Somalia NO --
0.00 South Korea NO -- 1
0.00 South Sudan NO -- 1
0.00 Sri Lanka NO -- 1
0.00 St. Kitts and Nevis NO -- 1
0.00 St. Lucia NO -- 1
0.00 St. Vincent and the Grenadines NO -- 1
0.00 Sudan NO -- 1
0.00 Suriname NO -- 1
0.00 Syria NO -- 1
0.00 Taiwan NO -- 1
0.00 Tajikistan NO -- 1
0.00 Thailand NO -- 1
0.00 Togo NO -- 1
0.00 Tonga NO -- 1
0.00 Trinidad and Tobago NO -- 1
0.00 Tunisia NO -- 1
0.00 Turkey NO -- 1
0.00 Turkmenistan NO -- 1
0.00 Ukraine NO -- 1
0.00 Uruguay NO -- 1
0.00 Uzbekistan NO -- 1
0.00 Vanuatu NO -- 1
0.00 Venezuela NO -- 1
0.00 Vietnam NO -- 1
0.00 Yemen NO -- 1

SOURCES


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  3. Swiss Franc (CHF) Profile". www.currency7.com. Retrieved July 4, 2014.
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  6. "Practical travel information on Money and costs in Afghanistan". Lonely Planet. Retrieved July 4 2014.
  7. "Bahamas Travel FAQs." www bahamas-travel.info. Retrieved July 4, 2014.
  8. "Preparing The Trip: Currency, Barbados Currency". www.barbados.org. Retrieved July 4, 2014.
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  10. "Practical travel information on Money and costs in Cambodia". Lonely Planet. Retrieved July 4, 2014.
  11. Practical travel information on Money and costs in Guatemala". Lonely Planet. Retrieved July 4, 2014.
  12. Money & duty free for Haiti". World Travel Guide. Retrieved July 4, 2014.
  13. Practical travel information on Money and costs in Lebanon". Lonely Planet. Retrieved July 4, 2014.
  14. South African Rand (ZAR) Profile". www.currency7.com. Retrieved July 4, 2014.
  15. What is the Liberian dollar (LRD)?". GoCurrency.com. Retrieved July 4, 2014.
  16. Travel tips". The Makokola Retreat, www.clubmak.com. Retrieved July 4, 2014.
  17. Make The Most Of Your Maldives Currency". The Complete Maldives Holiday Guide, www.the-complete-maldives-holiday-guide.com. Retrieved July 4, 2014.
  18. Rwanda – Money Information for Tourists – Visitors". Kabiza Wilderness Safaris LTD, http://kabiza.com. Retrieved June 29, 2014.
  19. Remoe, Vickie (January 20, 2014). "Locals skeptical of Sierra Leone’s central bank clamp down of US dollar regulation". Swit Salone, http://www.switsalone.com. Retrieved July 4, 2014.
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  21. Convert British Pound Sterling to Ugandan Shilling | GBP to UGX". The Money Converter, http://themoneyconverter.com. Retrieved July 4, 2014.
  22. Zambia Travel Advice". Go2Africa.com. Retrieved July 4, 2014.
  23. Polgreen, Lydia (April 24, 2012). "Using U.S. Dollars, Zimbabwe Finds a Problem: No Change". New York Times. Retrieved July 4, 2014.