St. Martin/St. Maarten is a unique island. It’s divided into two sides: the French side (Saint-Martin) and the Dutch side (Sint Maarten), and each side has its own distinct flavor.
The currency situation is a bit complicated, though, because of the island’s dual nature. You’ll find the Euro (EUR), US Dollar (USD), and Netherlands Antillean Guilder (ANG) all in use.
This article will help you navigate the currency of Saint Martin and understand which currency to use where, and how to get the best exchange rates.
The U.S. Dollar: The Unofficial Official Currency
While the euro and the Netherlands Antillean guilder are the official currencies, the U.S. dollar is widely accepted on both the French and Dutch sides of Saint Martin/Sint Maarten. In fact, it’s often preferred, especially by businesses catering to tourists.
Why is the USD so popular? A couple of reasons. First, it’s incredibly convenient for American tourists, who make up a large portion of the island’s visitors. Second, the dollar is seen as a stable currency, which businesses appreciate.
Practical tip: If you’re visiting Saint Martin/Sint Maarten, carrying USD is often the easiest and most cost-effective option. Bring smaller bills, though, as you might get change back in euros or guilders, and you don’t want to end up with a bunch of unfamiliar currency!
The Euro (EUR): France’s Influence
Because the northern part of the island, St. Martin, is an overseas collectivity of France, the official currency on that side is the Euro (EUR).
You’ll find that the Euro is most commonly used in supermarkets and some restaurants on the French side.
As of October 2024, 1 EUR is equivalent to around 1.07 USD. Keep in mind that exchange rates fluctuate, so it’s always a good idea to check the current rate before your trip.
Even though the Euro is the official currency, many places on the French side will also accept U.S. dollars, especially in tourist areas.
The Netherlands Antillean Guilder
On the Dutch side of St. Maarten, the official currency is the Netherlands Antillean Guilder, or ANG.
The exchange rate between the U.S. dollar and the ANG is fixed, and it’s about 1.79 ANG for every 1 USD.
While the ANG is still in use, it will eventually be replaced by the Caribbean Guilder, which will serve as the currency for both Curaçao and St. Maarten. The transition to the new currency has been delayed several times, so for the time being, you’ll still be using the ANG on the Dutch side of the island.
Credit and debit cards: A convenient alternative
Major credit and debit cards like Visa, MasterCard, and American Express are widely accepted on both the Dutch and French sides of St. Martin/St. Maarten.
Before you travel, it’s a good idea to let your bank know your travel plans so they don’t block your card due to unfamiliar activity. It’s also a good idea to find out whether your card provider charges foreign transaction fees, as these can add up.
While credit and debit cards are widely accepted, it’s always a good idea to have some cash on hand, especially if you plan to visit smaller establishments or local markets.
Cryptocurrencies: The future of payment?
While the euro and U.S. dollar reign supreme in St. Martin, you might be wondering if you can use cryptocurrencies during your visit.
While some businesses, especially in the luxury sector, are beginning to accept cryptocurrencies like Bitcoin, it’s still not a widespread practice. You’re far more likely to be able to use cash or a credit card.
Pro tip: If you’re hoping to use crypto during your trip, it’s a good idea to check with hotels, restaurants, and other service providers beforehand to confirm whether they accept it.
Currency exchange options
If you’re traveling to St. Martin, you can exchange your currency at a few different places:
- Local banks, such as FirstCaribbean International Bank and Republic Bank
- Currency exchange offices, like U.S. Exchange in Philipsburg
- Princess Juliana International Airport
- ATMs
- Hotels
Before you exchange your money, it’s always a good idea to compare exchange rates to make sure you’re getting the best deal.
Frequently Asked Questions
What is the new currency in St Maarten?
There isn’t a “new” currency. St. Maarten (the Dutch side) primarily uses the Netherlands Antillean Guilder (ANG), also sometimes written as NAf. However, the US dollar is also widely accepted.
Should you bring cash to St. Martin?
Yes, bringing some cash is a good idea. While credit cards are accepted at many establishments, smaller businesses, taxis, and beach vendors often prefer cash. Having both USD and ANG on hand provides flexibility.
What is the best currency to use in St. Maarten?
The Netherlands Antillean Guilder (ANG) is technically the official currency, but US dollars are almost universally accepted. Using ANG might save you a small amount, as some places round up when using USD. However, the convenience of using USD often outweighs the minimal cost difference for tourists.
Can you use US dollars in Saint Martin?
Absolutely! US dollars are widely accepted on both the Dutch (St. Maarten) and French (Saint Martin) sides of the island. You’ll receive change in either ANG (on the Dutch side) or Euros (on the French side) if you pay with USD.
In Closing
So, to recap, the main currencies you’ll encounter in St. Martin and Sint Maarten are the U.S. dollar, the euro, and the Netherlands Antillean guilder. While you can use all three, the U.S. dollar is widely accepted and often the easiest option for most transactions, especially on the Dutch side.
Understanding the currency situation before you go will definitely make your trip smoother and more enjoyable. Knowing what to expect will save you time and hassle so you can focus on soaking up the sun and enjoying your vacation!