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Top Currencies for Snowbirds

In Business and Currency, Travel by Continental StaffLeave a Comment

Canadians have been flying south for the winter for decades. These so-called “snowbirds” often have their favourite haunts that they revisit year after year. But for those looking to mix it up, or who are thinking of flying south for the first time, read on for the top currencies for snowbirds!

1. United States Dollar

USD bills

The US dollar is in use in most of the favourite snowbird haunts (see Florida, Arizona, New Mexico and Panama). With its strength and privileged status in all of the others, the USD sits as the most useful currency out there for Canadian snowbirds.

Interested in learning more? Check out our currency spotlight on the US dollar and sign up for Rate Watch for notifications on the best time to convert.

2. Mexican Peso

pesos mexico map

Coming in hot at number two on our list is the Mexican peso. Mexico is the largest destination for snowbirds after the United States. With the favourable exchange rate, and a mix of gorgeous beaches and resorts, ancient ruins, vibrant cities and beautiful mountain ranges, it’s no surprise as to why!

Check out our currency spotlight for more information on the Mexican peso as well as our travel guide for the best places to visit!

3. Costa Rican Colón

costa rica colon

Costa Rica, long considered to be a safe-haven in Central America, is a prime destination for snowbirds looking to escape the dark, cold winters of home. It’s no wonder the place has become more and more popular among Canadians, with its beautiful climate, incredible biodiversity, lush rainforests and spectacular beach resorts. Pair all of the above with a very friendly exchange rate and you can see why the Costa Rican colon made number three on our list.

For more information, take a look at our currency spotlight and travel guide!

4. Eastern Caribbean Dollar

Eastern caribbean dollar bills

Sitting at number four on our list is the Eastern Caribbean dollar! The currency is in use among eight members of the Organization of Eastern Caribbean States. With island-nation destinations like St. Lucia, Grenada and St. Kitts and Nevis, the Eastern Caribbean dollar is definitely one of the most useful currencies out there for snowbirds!

Want to know more? Check out our currency spotlight!

5. Thai Baht

Thai baht bills

Thailand has been growing increasingly popular among Canadians in recent years as a tropical escape during the winter months at home. Especially for those making a longer stay, the long flight is more than made up for by the incredible food, world-class beaches, and low-cost of living. What’s more, it’s been ranked by SWIFT as the 10th most frequently used world payment currency. The Thai baht is definitely an up-and-comer for snowbirds!

To learn more about Thailand and the baht, take a look at our currency spotlight and travel guide!

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