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Got Euros or another foreign currency, or maybe want to buy it in Ecuador getting out of the USD while it’s strong?
So, where has the best exchange rates?
First off, for the best rates be sure to exchange your money in one of the only two cities in Ecuador with international airports… Quito or Guayaquil.
In the smaller towns of Ecuador it may get very difficult to even find somewhere that will exchange money, let alone at a good rate.
In Guayaquil, where I lived for about a year, I recommend the small exchange houses found in the CENTRO near Av. 9 de Octubre.
In Quito, this week in June of 2015, I checked all the places I know to exchange money.
On XE.com while the international rate USD-EUR was $1.128-1…
The buy rate means how much in USD they´ll give you for 1 EURO, the sell rate is how much USD you have to pay them for 1 EURO.
In the airport the rate was … BUY … $1.07 SELL… $1.39 (by far the worst).
In Western Union in downtown Quito… BUY … $1.09… SELL $1.19 (not so good!)
In the biggest bank of Ecuador, Banco Pichincha, the rates were… BUY … $1.15… SELL $1.22 (good buy rate!)
On the street corner where money exchangers have been for years with big wads of cash on Av. Amazonas and Vicente Ramon Roca they were offering … BUY $1.12… SELL $1.18. (average)
At Del Bank, a smaller bank in Quito, they were offering… BUY $1.02… SELL $1.23 (worse)
Then, there are the little exchange houses along AMAZONAS in the MARISCAL sector…
The best rates I found were at MIL CAMBIOS S.A. on Wilson and Amazonas BUY $1.14 … SELL $1.15
and… CAMBIOS NUEVO MILENIO on Amazonas and Carrion BUY $1.15 … SELL $1.20
So, in the end, both the best BUY and SELL rates could be found in the smaller exchange houses mentioned above along AV. Amazonas in Quito although Banco Pichincha wasn´t too shabby. Forex signals UK give us a chance to figure out when to buy and when to sell in order to make a profit.
Also, remember for exchanging larger sums in Ecuador it is accepted to negotiate a slightly better rate.
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VivaColombia is a budget airline based out of Colombia that just made getting to the US from Ecuador and vice versa a whole lot cheaper.
I noticed chatting to guests at my hotel near the Quito airport, as of last month, April 2015, VivaColombia has upped its frequency of flights to a few a day (which has lowered the price) from Quito to Bogota.
So first, buy a Quito to Bogota round trip with Viva which is going for around $185 taxes included.
That´s cheap!
That´s $434 taxes included, roundtrip, everything.
This is currently the cheapest way I´ve seen to get from North America to Ecuador in 2015.
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Jack Abercrombie, an American expat from Atlanta who has lived in Ecuador for over 7 years now and has a heavy-duty truck he uses to help expats move heavy loads of belongings within Ecuador.
Sure Dom, Exit Tababela onto the roundabout and head towards the airport on the new airport road called the ‘Conector Alpachaca’ until just before the airport and take a left at the mini-roundabout there onto the other new road ‘ruta colloa’ , then watch for the signs to Otavalo after a few kilometers and veer right and up the panamerican highway all the way up. Don’t go the way through Quinche, lots of traffic, dangerous curves! AVG DRIVING TIME 2 HRS.
To get to Cotacachi just pass Otavalo and continue up the Panamerican a few more minutes until you see a sign COTACACHI and a turn off to the right which will veer left and go over an overpass. Continue 10 more minutes, ABOUT 15 minutes from Otavalo.
MINDO
Whats the best way to get to Mindo from the Quito Airport Suites?
THE NORTH COAST: PEDERNALES, BAHIA, ESMERALDAS
So do you recommend this route to get to the coast? Pedernames and Esmeraldas?
Yes! Beats the Santo Domingo route as that road has frequent wash outs and land slides and closures. Plus they just completed the new road to Pedernales.
Get to Mindo. Then pass it and continue westbound on E28… past Los Bancos veer left at gas station , stay on E28 to La Concordia, follow signs to La Independencia RUTA LAS VILLEGAS, get to 382 turn right, go north on 15 for Esmeraldas or south to catch the road to Pedernales, look for the roundabout and signs for PEDERNALES.
Once you hit Pedernales head south along the coastal road to get to Canoa or Bahia de Caraquez. DRIVINGTIME 8-9 HRS FOR EITHER PEDERNALES OR ESMERALDAS.
THE CENTRAL COAST: MANTA, CRUCITA, SAN CLEMENTE
Exit Tababela on to main highway to the right towards Quito, (t
ake E35 south) until PIFO roundabout. Go on top of offramp to Baeza (or left on 28C), then after a few short kilometers take a right on E35 to SANGOLQUI until big hummingbird roundabout Tambillo E35 bypass Quito and go to E20 Aloag, follow the Santo Domingo signs South E25 bypass around Santo Domingo, tie back to 382 west , eat in Nuevo Israel, then continue until El Carmen bare left on E38 Chone follow signs to Tosagua 383 to Rocafuerte, road turns into E15 hang right follow signs to Manta. Thats it, easy! DRIVING TIME 9 – 9.5 hrs.THE AMAZON: TENA
Exit Tababela on to main highway to the right towards Quito, (t
ake E35 south) until PIFO roundabout. Go on top of offramp to Baeza (or left on 28C), pass Papallacta, Baeza then road forks E45 troncal amazonica take right going south, pass Archidona and hit Tena. DRIVING TIME 2 HRS 45 MIN.The mid-Sierras: BANOS and AMBATO
QUITO AIRPORT TO CUENCA
From the QUito Airport Suites to Cuenca?
QUITO AIRPORT TO GUAYAQUIL
From the Quito Airport Suites to Guayaquil?Follow the same route as to Manta UNTIL Santo Domingo, then make a left and go south on E25 to Quevedo … AVOID THE RIOBAMBA ROUTE AND THE LATACUNGA TO COAST ROAD lots of fog and rain. continue to Babahoyo and then Duran then you’ll pop out at Guayaquil after 9-10 HOURS.
GUAYAQUIL to CUENCA
How about getting from Guayaquil to Cuenca? Take the highway across the Samborondon bridge through Duran to 40A to route 25 to 582 through the Cajas national park, there are other ways to get there but they are not reliable. DRIVING TIME 4hrs.
From Cuenca to Loja?
Take the one and only highway that connects the two, DRIVING TIME 4-5 HRS.
From Loja to Guayaquil?
Its actually easier to navigate Guayaquil than most gringos make it out to be. Just get to the Mall del Sol in the Garzota part of town. Then follow the AV. Juan Tanca Morenga north on out of town and follow the signs to LA COSTA. Once on the coastal highway its a straight shot to Santa Elena, where you’d turn right to go up the coast to Montanita or head straight and veer left to go to Salinas. DRIVING TIME 2 HRS to Salinas, 3 HRS to Montanita.
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