Exchange GBP to TTD - Convert Pound to Trinidad and Tobago dollar - Free Online Quote

GBP to TTD Exchange Rate

Currency Information on TTD. Currency Information on Trinidad and Tobago - TTD- Trinidad and Tobago dollar - TT$. The foreign exchange currency code for TTD represents the Trinidad and Tobago dollar exchange rate.

Currency Exchange Rates for Trinidad and Tobago dollar.

History of the Trinidad and Tobago Dollar

The history of the Trinidad and Tobago dollar dates back to the time when it was the currency of a British colony. Much of the development of the currency followed the same histories as those of other British territories in the Eastern Caribbean. Though trade in the colony was for decades handled in a mix of Spanish, Mexican, and British currencies, attempts at introducing the gold standard and enforcing decimalisation mean that the native currency was not introduced until 1964. From then until 1968, the Trinidad and Tobago dollar was also legal tender in Grenada. Trinidad and Tobago persevered with a fixed exchange rate until 1993, when it finally adopted a managed float regime.

General Data

The Trinidad and Tobago currency is denominated in the unit of dollar, with the minor unit (1/100) being the cent. The currency code for the Trinidad and Tobago dollar is TTD. The currency symbol is TT$.

Coins and Notes

Coins in Trinidad and Tobago are available in denominations of 1, 5, 10, 25, and 50 cents. A one-dollar coin is also available. Both the 50-cent and one-dollar coins are not seen widely in circulation. Collectors can also acquire special sets of coins in 5, 10, 100, and 200 dollars denominations from the country’s central bank, but these are not used in general circulation.

The most commonly used coins are 1, 10, 25, and 50 cents.

For regular transactions, the bank notes currently in circulation cover 1, 5, 10, 20, 50, and 100 dollars. They come in the following colours: red ($1), green ($5), grey ($10), purple ($20), olive ($50), and blue ($100). The special polymer $50 notes issued for 2014 and 2015 are a golden colour.

The most commonly used banknotes are $1, $5, $10, $20, and $100.

 

The bank notes of Trinidad and Tobago feature the country’s Coat of Arms on the front, as well as a depiction of a local species of bird. On the back of each note, you will find the Central Bank building and the illustration of a scene that is typical of the nation’s economy.

Other Currencies

For much of the 20th century, a range of other currencies was used in Trinidad and Tobago. These included British sterling coinage and currencies of British Eastern Territories. Today, the nation has full control over its own currency but making things more convenient for business visitors and tourists, many establishments will accept payment in US dollars.

Restrictions

Non-residents are allowed to import any amount of TTD, as long as they declare so upon arrival. Non-residents are allowed to export freely up to TTD 200 in bank notes.

Residents may import up to TTD 200 in banknotes. Residents can export up to TTD 200 without seeing authorisation from the Exchange Control Department. 

###Convert Pound to Trinidad and Tobago dollar### Convert GBP to TTD exchange rate. Buy and sell British Pounds to Trinidad and Tobago dollar. Convert TTD to GBP with a currency broker offering the best foreign exchange rates. Exchange GBP to TTD - Convert Pound to Trinidad and Tobago dollar for a Free Online Quote.

Related Posts:

  1. GEL
  2. BSD
  3. CHF
  4. ZWD
  5. HTG

Company Details

TorFX logo

Get a quick quote

Open Account with TorFX

TorFX are located at:
Penlowarth, Penzance, Cornwall, TR18 4ED

Company Location

Newsletter Signup to CMT

Sign up to our foreign exchange newsletter to receive news updates directly by email

Compare Money Transfer will not Share your details!

Bank Exchange Rates Comparison

High St Bank Exchange Rate

All Rights Reserved: Copyright 2006 - 2018 Compare Money Transfer Limited offering FCA Regulated Suppliers - 34 New House, 67-68 Hatton Garden, London, EC1N 8JY. +44 (0) 843 357 4882