El Salvadoran Colon and the US Dollar

Tree house overlooking Boqueron, El Salvador
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El Salvador is the smallest country in Central America and one of the least visited. That is probably due to the news we all hear about gangs and crime, but just as it happens with Guatemala, crime doesn’t affect travelers directly. Don’t take it as a place to just drive by. The beaches, lakes, volcanoes, and forests have a lot to offer. The best part of it all is that it isn’t crowded with tourists, and most of the visitors you will find are locals and Central Americans looking for a good time.

 This means that you can enjoy all of the most popular tours from the surrounding countries such as rafting, plantations, canopy, hiking and surfing without being in the middle of large groups and crowded National Parks. Plus handling money in El Salvador is pretty easy. All you need are US Dollars. 

El Salvador Colón

The money in El Salvador is called the El Salvador Colón (SVC) (USD). One unit of El Salvadoran currency used to be called the colón and was divided into 100 centavos. However, in 2001, the governmental leaders of El Salvador decided to adopt the US dollar as its official unit of currency. It represents one of the largest economies to do so, along with Panama and Ecuador.

By the time that the El Salvadoran colón was replaced by the US dollar, it had an exchange rate of 8.75 to one. The colón replaced the peso at par in 1919. The colón was the currency of El Salvador between 1892 and 2001. Like the Costa Rica colón, the El Salvador colón was named after Christopher Columbus (Cristóbal Colón in Spanish). The colon has not officially ceased to be legal tender. So don't be scared if you get some while receiving your change at some store or restaurant. 

San Salvador city
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Traveling

Hotels: In El Salvador, you will find places where you can get a budget room in a shared hostel dorm room and there are also private rooms as well. Nicer or regular hotels start low and go up to more than $150 USD. For that price, you will get air conditioning, a very comfortable bed, and most of the times breakfast.

Restaurants: Simple meals cost just a few dollars, especially at the street stalls. You can find the traditional pupusas and beverages for around $1 USD. A full meal is around $2 or $3 USD. If you are looking for European Food, Asian Food or fast food you will have to up your budget to about $5 USD. Overall the food is very cheap in El Salvador.

Transportation: City buses in San Salvador cost around $0.35 USD, and this is pretty much the same price all over the country when it comes to city buses. A taxi ride usually costs around $5 USD but remember that it may vary according to the distance. The country-wide buses cost less than $10 USD per single journey.

Things to do: Most of the single tours being offered in El Salvador are pretty inexpensive. The most common ones go from a couple of dollars to around $50 USD. Diving is likely to be your most expensive outing if you choose to do it, which will be around $75 USD for two dives. Most of the parks or museums cost only around $3 USD.

Article Edited by Marina K. Villatoro.

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