Nicaragua Currency - How and Where To Find Today's Exchange Rate!

The Nicaragua currency is the Cordoba. The currency was named in 1912 to honor Francisco Hernandez de Cordoba – one of the Spanish captains who founded Nicaragua. Cordoba is commonly known as peso. Cordoba trades at around 18.1667 to the US dollar; around 23.8234 to the European euro; and around 0.5139 to the Taiwanese dollar.

Cordoba is available in coins of ½, 1, and 5, and bill of 10, 20, 50, and 100 Cordoba. One can also get banconotes for hundredth part of Cordoba. However you will not be able to purchase lots of things using banconotes. One of the noted advantages of tourists is that they can use Cordoba or dollars to purchase products in most parts of Nicaragua. Credit cards such as VISA, MasterCard, and American Express can also be used instead of cash.

The exchange rate for the Cordoba/dollars is set by Banco Central; the recent rate is about 18 Cordobas for one dollar. Almost all banks offer currency changing services for tourists at a rate equal to the official rate. However, beware a number of banks will only offer good exchange rates only with the US Dollar and the Nicaragua currency. It is recommended to travel in Nicaragua with American dollars. The main reason behind this is that there is no official exchange for exchanging European money.

In Nicaragua you will run into currency traders all over the country. Just be aware of what the current exchange rate is. For the most part we have always done well with the currency traders whether they where on the street, at the borders, bus depots etc.To hear what other had to say about their experiences with currency traders or possibly a reasonable place to stay and use your Nicaragua currency.

For the Spanish version of Nicaragua currency click here.