A Traveller’s Guide to Currency Exchange in Managua, Nicaragua

Hey there, future Managua explorer!

We know you’re excited about your upcoming trip to our vibrant city, and we’re here to make sure you’ve got all the info you need to handle your moolah like a pro.

This guide is tailor-made for folks staying at or near the Managua Backpackers Inn, and we’ll be dishing out all the deets on where and how to exchange your currency in Managua.

Understanding Nicaraguan Currency for Travellers

First things first, let’s talk about the Nicaraguan córdoba (NIO). Right now, you’ll get about 36 NIO for your U.S. dollar, but that can change, so keep an eye on those rates.

And while you’ll find plenty of places that take dollars, having some córdobas in your pocket can make those small purchases a breeze.  This is especially the case when it comes to transportation in taxis and buses.  Often the driver will tell you they don’t have change for your USD and you end up stuck paying a higher price than you should.

Best Places to Exchange Currency in Managua for Travellers

So, where can you swap your cash in Managua? Here’s the lowdown:

Street Changers: 

Within a 10-minute walk of the Managua Backpackers Inn hostel are people whose business is to exchange money.  This is usually the best way to exchange your dollars.  Just make sure you are clear roughly what the rate of exchange is before you begin to negotiate.

Banks:

Places like Bancentro and BAC will happily exchange your money. They’re usually open from 8:30 AM to 4:30 PM on weekdays and until noon on Saturdays.  Both of these banks have locations within a 10-minute walk from Managua Backpackers Inn.  Make sure to bring your passport with you.

Airport:

You can exchange money at Augusto C. Sandino International Airport, but the rates are usually not favorable. This should be treated as a last resort!  If you’re stuck, exchange a small amount here and the rest in the city.

ATMs in Managua for Travellers

ATMs are everywhere in Managua, including at Bancentro, BAC, and Metrocentro Mall. Just remember, foreign cards might have fees and daily withdrawal limits.

Using Credit and Debit Cards in Managua for Travellers

Most places in Managua will take your credit or debit card, especially restaurants, hotels, and grocery stores. Visa and MasterCard are your best bets. But it’s always good to have some cash on hand for smaller businesses and street vendors. And don’t forget to let your bank know you’re travelling!

Tips for Currency Exchange in Managua for Travellers

Before we wrap up, here are some quick tips:

• Check the current exchange rate before you swap your cash.
• Keep some small bills handy for tips and small purchases.
• Be careful with your cash. Use our free lockers to store cards and cash.
• Keep a little bit of USD as a backup.
• Remember those potential ATM fees and withdrawal limits.

Conclusion

Swapping currency in a new country can seem a bit tricky, but with this guide, you’ll be handling your cash like a local in no time. Whether you’re hitting up a bank, a currency exchange bureau, or an ATM, Managua’s got you covered, especially if you’re staying at the Managua Backpackers Inn. Keep these tips in mind, and you’ll be all set for your adventure in Managua!

And remember, things can change, so do a quick check before you travel. Happy travels, amigo!