Exchange Rate in Trinidad and Tobago

Trinidad & Tobago Exchange Rate | Economic News & Forecasts

Trinidad and Tobago - Exchange Rate

Economic conditions have worsened notably as the fallout from the Covid-19 pandemic depresses both domestic and external demand. Containment measures have led to disruptions and closures throughout the island, while the global economy has ground to a halt. Moreover, the collapse of oil and gas prices has hammered the vital energy sector, which is also a major source of government revenues. On 27 April, in the wake of collapsing revenues, the finance minister announced that the government now expects a revenue loss of TTD 9.2 billion and that the fiscal deficit will soar to a TTD 15.5 billion shortfall this fiscal year, exacerbated by higher costs related to the health crisis (previously: TTD 5.3 billion deficit). On a brighter note, the government began relaxing some social distancing measures in May, allowing food vendors and hardware stores among others to open.

Trinidad & Tobago - Exchange Rate Data

2015   2016   2017   2018   2019  
Exchange Rate (vs USD)6.42  6.71  6.77  6.81  6.76  

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Trinidad & Tobago Facts

Value Change Date
Exchange Rate6.760.39 %Jan 01

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