Where Can I Exchange Money In Cabarete?
Our top choices of where to exchange money in Cabarete
One of the most asked questions from our guests is, “Where can I exchange money in Cabarete?” It’s almost the first thing you have to do as a traveler. This article will give you our 4 favorite places to exchange money in Cabarete. They are all located within 2 minutes of our hotel and in our personal experience they give the best rates with the least hassle.
The first thing to note: DO NOT EXCHANGE MONEY AT THE AIRPORT! Ok, maybe just a little to get you by until you get settled in, but the exchange rate is terrible. And by terrible, we mean horrendous. You might even be better off paying in dollars until you get into Cabarete and have a chance to get to, what we call, a cambio, which is the Spanish word for change.
The second thing to note: NOT EVERYTHING IS WHAT IT SEEMS. Make sure you do your homework so you know the current exchange rate. Just typing “exchange rate” into Google will give you a handy dandy currency calculator right at the top of the page (or click here). You will be hard pressed to exchange for the exact going rate, but you can get pretty close and educating yourself before you go out into the wild is pertinent. Some cambios have been known to prey on unsuspecting tourist by either quoting crappy rates or by going so far as to rig their calculators. That means it is probably best to do your own calculations on your phone before you walk out of the door just to be sure.
The last thing to note: This article discusses cambios, but you might feel more comfortable going to an actual bank and that’s ok. There are just many occasions where a cambio is more convenient and just as safe and effective. We will be sure to write a future article mapping out the banks in Cabarete.
Below, we have taken the liberty of mapping out the 4 places we suggest.
Wally Exchange Cabarete
Wally Exchange is the closest place to our condos to exchange money. It is also one of the most well known and most suggested. The biggest perk is they are open pretty late, even on Sunday. They’re located next door to Banco Progreso and Plaza El Patio. If you go to their website before you head out, you will notice that they have an exchange calculator that gives you their rate for the day. In order to exchange money here, you will need your passport or a copy of your passport.
Hours: Mon-Sat 8am-10pm, Sun 8am-8pm
Caribe Express is another well-known place to exchange money in Cabarete and most will say it gives the best exchange rate. This is located in the Media Luna Plaza right across from the Millennium Hotel. The only downside to this location based on experience is the wait can be long. So, if you are in a hurry, maybe not your best choice. Also, don’t wear your sunglasses in here. The security guard will promptly ask you to take them off before entering. In order to exchange money here, you will need your passport or a copy of your passport.
Hours: Mon-Sat 8am-6pm, Sun 8am-2pm
Janet’s Supermarket is a great place to exchange money when you are on the East side of town. You do not need to be shopping at the grocery store to take advantage of their exchange counter. The place to do your exchange is not clear, so we will explain. When you walk in the door the first thing you will see in front of you is a line of registers. If you look to the right you will see a register all by itself next to a glass cabinet full of champagne and other expensive liquors. That’s where you will want to do your exchange. They have a piece of paper hung up on the wall that gives their daily exchange rate. One of the best things about Janet’s is you do not need a passport to exchange money.
Hours: Mon-Sat 8am-8pm, Sun 8:30am-1pm
Casa de Cambio Luis
And we saved the best for last. Casa de Cambio Luis is a favourite around town for the ex-pats. Fast and friendly, they are located right next to the billiards hall. It may look a little shady, but they give the best exchange rate (usually the same as Caribe Tours) without a passport in the centre of Cabarete…and never any BS tactics.
Hours: Mon-Sat 8:30am-7:00pm, Sun 9am-1pm
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